BlockDAG Expands with 1,400 TPS and Over $430M Raised, While LINK Faces Challenges and HYPE Seeks Recovery
Chainlink (LINK) Price Prediction: Chainlink is currently trading near $17.70, showing signs of a potential rebound despite weak market confidence indicated by $14 million in outflows. Key support levels are between $17–$16.50, while resistance is near $18.60–$20.
Hyperliquid (HYPE) Market Activity: The HYPE token is approaching $40 after a brief recovery, but low trading volume and open interest suggest weak demand. It needs to hold above $38 to confirm a reversal, as it tests its 200-day moving average.
BlockDAG's Growth and Performance: BlockDAG is gaining attention with its Awakening Testnet achieving 1,400 transactions per second and raising over $430 million in its presale. Its hybrid Layer-1 architecture and partnerships, such as with the BWT Alpine Formula 1® Team, position it as a leading cryptocurrency for 2025.
Market Sentiment and Future Outlook: While Chainlink and Hyperliquid show potential for rebounds, their progress is hindered by short-term sentiment. In contrast, BlockDAG's tangible results and expanding ecosystem highlight its strong position in the market, setting it apart from competitors.
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Technical Analysis for LINK
Technical Sentiment Analysis for Chainlink (LINK) As of , Chainlink (LINK) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 4 technical signals, shows that 1 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for LINK stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, LINK is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Chainlink (LINK) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 4.443 | 5.797 | 7.333 | 8.687 | 10.223 | 11.577 | 13.113 |
| Fibonacci | 5.797 | 6.901 | 7.583 | 8.687 | 9.791 | 10.473 | 11.577 |
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