FTSE Russell Collaborates with Chainlink to Launch On-Chain Stock Indexes
FTSE Russell and Chainlink Partnership: FTSE Russell has teamed up with Chainlink to publish its equity and digital asset indexes on blockchain, enhancing access to institutional-grade market data through the DataLink service.
Institutional Adoption of Blockchain: The partnership reflects a broader trend among major financial institutions, including JPMorgan and Goldman Sachs, exploring blockchain for applications like tokenization and settlement, driven by increasing regulatory clarity.
Digital Asset Indexes: FTSE Russell has previously launched digital asset indexes in collaboration with SonarX and Grayscale, aimed at providing standardized benchmarks for the cryptocurrency market.
Regulatory Environment Impact: Citigroup notes that the growing institutional interest in blockchain is partly due to clearer regulations in the US, which may facilitate the integration of stablecoins and blockchain into the financial system.
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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 5 technical signals, shows that 1 indicators are flashing buy, while 4 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 | 3.536 | 5.343 | 7.226 | 9.033 | 10.916 | 12.723 | 14.606 |
| Fibonacci | 5.343 | 6.753 | 7.623 | 9.033 | 10.443 | 11.313 | 12.723 |
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