What to know:
- So, Chainlink (LINK) decided to play hard to get, plunging 14.4% before finding a cozy spot at $13.58. Classic drama! 🎭
- Looks like the price is trying to accumulate some friends at lower levels, while Bitcoin is the popular kid influencing LINK’s next move. 🙄
- In the last 24 hours, LINK managed to rise 1.4%. It’s like the little engine that could, right? 🚂
Chainlink, the oracle network that connects blockchain networks with external data (because who doesn’t need a little gossip?), has been on a wild ride lately. After a dramatic 14.4% correction, it found strong support at $13.58. Talk about a comeback! 💪
The recovery is gaining momentum, with LINK showing off some higher lows. But let’s be real, Bitcoin’s performance is like the weather forecast for altcoins like LINK—totally unpredictable! ☔️
LINK’s price rose 1.4% over the past 24 hours, keeping pace with the broader digital asset market. It’s like they’re all in this together, holding hands and singing Kumbaya. 🎶
The crypto market benchmark CoinDesk 20 Index was up 1.1%. So, it’s not just LINK having a good day!
Technical Indicators Point to Continued Strength:
- LINK took a sharp 14.4% dive from $13.972 to $13.557, but then it bounced back like a rubber ball with high-volume support at $13.582. Who knew it had such resilience? 🏀
- Resistance popped up at $13.960-13.970, where selling pressure was like that annoying friend who just won’t leave the party. 🙄
- At 10:00 UTC, LINK had a breakout moment with the highest volume of the period (1,061,645 LINK). It was like the grand finale of a fireworks show! 🎆
- A new trading range has been established between $13.800-13.950. If volume stays supportive, we might just see an uptrend. Fingers crossed! 🤞
- We’ve got a V-shaped recovery pattern forming, with strong buying at the $13.785-13.790 support zone. It’s like a comeback story waiting to happen! 📈
- The $13.830-13.840 range is now the new cool kid on the block, establishing itself as a potential support zone for more upward movement. Let’s see if it can keep the momentum going! 🚀
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2025-06-09 19:34