Trace Finance Raises $32 Million to Expand Market Reach
- Funding Scale and Participants: Trace Finance raised $32 million in a Series A round led by CoinFund, with participation from Coinbase Ventures, Paxos, and Chainlink Labs, reflecting strong market confidence in its stablecoin settlement infrastructure.
- Market Expansion Plans: The funding will be used to expand stablecoin settlement infrastructure across Latin America and the Asia-Pacific region, with plans to deepen product offerings in FX, compliance, and bank connectivity through partnerships with local banking systems.
- Transaction Volume and Market Position: Having processed over $10 billion in cross-border transaction volume, Trace Finance positions itself as a primary infrastructure provider for four major global payment companies in Latin America, further solidifying its market position in a complex payment environment.
- Compliance and Infrastructure Development: The company has built a compliance and banking infrastructure in Brazil to address regulatory challenges in cross-border payments, with CEO Brites emphasizing that stablecoins combined with regulated local bank infrastructure are essential for effective cross-border payment solutions.
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Technical Analysis for LINK
Technical Sentiment Analysis for Chainlink (LINK). As of , Chainlink (LINK) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 5 technical signals, shows that 2 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 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 | 6.345 | 6.913 | 7.464 | 8.032 | 8.583 | 9.151 | 9.702 |
| Fibonacci | 6.913 | 7.34 | 7.604 | 8.032 | 8.459 | 8.723 | 9.151 |
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