Chainlink launches compliance tool to unlock $100T in institutional capital
Launch of Automated Compliance Engine: Chainlink has introduced its Automated Compliance Engine (ACE), a tool designed to streamline regulatory compliance for digital assets, potentially unlocking over $100 trillion in institutional capital for the cryptocurrency market.
Benefits of ACE: The compliance framework aims to reduce costs and improve efficiency by integrating existing digital identity solutions and enabling reusable compliance logic across various blockchain networks, thus facilitating compliant digital asset deployment.
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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 3 technical signals, shows that 0 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 | 3.541 | 5.346 | 7.231 | 9.036 | 10.921 | 12.726 | 14.611 |
| Fibonacci | 5.346 | 6.755 | 7.626 | 9.036 | 10.445 | 11.316 | 12.726 |
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