Update on CLARITY Act Vote Timeline
- Vote Timing Uncertainty: Senator Cynthia Lummis indicated that while a vote on the CLARITY Act before July 4 is still possible, it is more likely to occur before the August recess, reflecting the complexity and uncertainty of the legislative process.
- Bill Merger Progress: Negotiators must merge the Banking and Agriculture Committee bills, add ethics provisions, and adjust the GENIUS Act, a process that could extend the timeline for a vote and impact the bill's passage.
- Increased External Support: The newly formed political action committee 'Defend Developers' and a letter signed by 160 former national security and law enforcement officials indicate broad industry support for the bill, potentially enhancing its chances of passage.
- Regulatory Allocation Impact: The CLARITY Act would separate oversight between the SEC and CFTC, treating Bitcoin and Ethereum as commodities rather than securities, a change that could have profound implications for U.S. firms and the future regulatory framework for digital assets.
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Technical Analysis for LINK
Technical Sentiment Analysis for Chainlink (LINK). As of , Chainlink (LINK) is exhibiting a Buy technical sentiment. Our proprietary analysis, which aggregates 8 technical signals, shows that 5 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 | 5.998 | 6.899 | 7.885 | 8.786 | 9.772 | 10.673 | 11.659 |
| Fibonacci | 6.899 | 7.62 | 8.065 | 8.786 | 9.507 | 9.952 | 10.673 |
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