FTSE Russell Releases On-Chain Financial Benchmarks in Collaboration with Chainlink
FTSE Russell and Chainlink Partnership: FTSE Russell is collaborating with Chainlink to publish its financial benchmarks, such as the Russell and FTSE indices, on blockchains, marking a significant integration of traditional finance with blockchain technology.
DataLink Service: Chainlink’s DataLink service enables traditional data providers like FTSE Russell to connect with blockchain ecosystems without custom blockchain development, ensuring secure and efficient data transmission.
Institutional Demand for Blockchain Solutions: The initiative aims to meet the growing institutional demand for blockchain-based financial solutions, allowing for the secure distribution of high-quality benchmarks across decentralized applications.
Future of Financial Data: This collaboration signifies a strategic move towards enhancing transparency, efficiency, and global reach in financial data services, setting a precedent for future innovations in the digital finance landscape.
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Technical Analysis for LINK
Technical Sentiment Analysis for Chainlink (LINK) As of , Chainlink (LINK) is exhibiting a Strong sell technical sentiment. Our proprietary analysis, which aggregates 4 technical signals, shows that 0 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 | 3.538 | 5.344 | 7.228 | 9.034 | 10.918 | 12.724 | 14.608 |
| Fibonacci | 5.344 | 6.754 | 7.624 | 9.034 | 10.444 | 11.314 | 12.724 |
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