RAVE Crypto Plummets 44% Before Rebounding
- Price Volatility: RaveDAO's price surged over 5,300% within a week to an all-time high of $19.54 before plummeting nearly 45% to $10 due to profit-taking, highlighting extreme market volatility and investor behavior.
- Market Sentiment Recovery: Despite the sharp price correction, RAVE has rebounded nearly 50% to $15, indicating strong investor confidence in future price increases, particularly influenced by recent U.S.-Iran ceasefire news.
- Futures Market Signals: The total futures open interest for RAVE rose over 30% to $470 million in the past 24 hours, suggesting that the majority of traders are leaning towards bullish positions, indicating expectations for price recovery.
- Capital Flow Trends: Over $7 million worth of RAVE was withdrawn from exchanges in the past day, indicating that investors are likely moving their holdings to cold wallets, anticipating further price appreciation and reflecting confidence in long-term holding.
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Technical Analysis for LINK
Technical Sentiment Analysis for Chainlink (LINK). As of , Chainlink (LINK) is exhibiting a Strong buy technical sentiment. Our proprietary analysis, which aggregates 6 technical signals, shows that 6 indicators are flashing buy, while 0 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 | 8.515 | 8.783 | 9.065 | 9.333 | 9.615 | 9.883 | 10.165 |
| Fibonacci | 8.783 | 8.993 | 9.123 | 9.333 | 9.543 | 9.673 | 9.883 |
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