FTSE Russell and Chainlink Introduce On-Chain Index Data for Instant Insights
FTSE Russell and Chainlink Partnership: FTSE Russell has partnered with Chainlink to publish key equity and digital asset indices on the blockchain, enhancing transparency and efficiency in financial markets.
Institutional Interest in Blockchain: The collaboration reflects a growing trend among major financial institutions, such as JPMorgan and Goldman Sachs, to explore blockchain for tokenization and settlement, indicating a shift towards integrating traditional finance with decentralized technologies.
Expansion of Digital Asset Offerings: FTSE Russell is expanding its digital asset offerings, having previously launched digital asset indexes and crypto sector indexes, catering to institutional investors entering the cryptocurrency market.
Regulatory Influence on Adoption: Clearer regulations, particularly regarding stablecoins, are driving increased institutional interest in blockchain, suggesting that the integration of blockchain technology into mainstream finance is accelerating.
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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 | 3.543 | 5.347 | 7.233 | 9.037 | 10.923 | 12.727 | 14.613 |
| Fibonacci | 5.347 | 6.756 | 7.627 | 9.037 | 10.446 | 11.317 | 12.727 |
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