Chainlink Facilitates Over $30 Trillion in Transactions
- Transaction Milestone: Chainlink's infrastructure has successfully facilitated over $30 trillion in transactions, highlighting its critical role in blockchain networks, even as its market cap remains at just $6.6 billion, indicating a significant market undervaluation.
- Asset Security Assurance: Currently, $46.9 billion in assets are secured by Chainlink's smart contracts, underscoring its extensive application and trust within the financial services sector, further solidifying its market leadership.
- Market Share Advantage: Chainlink holds approximately 70% of the oracle market share, attracting numerous large financial institutions, including Swift and Mastercard, due to years of enterprise integrations and protocol adoption, demonstrating widespread recognition of its technology.
- Compliance and Yield Potential: Chainlink's Automated Compliance Engine aims to unlock access to over $100 trillion in institutional capital, and its staking mechanism is expected to launch in 2024-2025, offering around 4.3% annual yield, which may help close the gap between network usage and token valuation.
Get Real-Time Alerts for Any Crypto Movement
Technical Analysis for LINK
Technical Sentiment Analysis for Chainlink (LINK). As of , Chainlink (LINK) is exhibiting a Buy technical sentiment. Our proprietary analysis, which aggregates 5 technical signals, shows that 4 indicators are flashing buy, while 1 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 crypto.
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 | 8.129 | 8.519 | 8.879 | 9.269 | 9.629 | 10.019 | 10.379 |
| Fibonacci | 8.519 | 8.806 | 8.983 | 9.269 | 9.556 | 9.733 | 10.019 |
About LINK
About the author
