WELF Plummets 88%, Chainlink Stays Steady at $22, While BlockDAG's $405M+ Presale and 3M Miners Propel Its Growth!
WELF Finance Struggles: WELF Finance remains 88% down from its peak, showing only minor daily improvements and underperforming in the market, with a recent price of $0.5817 after a 22-23% drop over the past month.
Chainlink's Mixed Performance: Chainlink trades around $22.35, experiencing fluctuations but maintaining its importance in decentralized finance as an oracle, with forecasts suggesting it may stay within the $23-$24 range through September.
BlockDAG's Strong Position: BlockDAG has raised over $405 million in presale funds, sold 26.2 billion coins, and boasts 3 million daily miners, indicating a robust community and infrastructure ahead of its deployment in Singapore.
Community and Utility as Strengths: With over 325,000 global participants, BlockDAG's wide adoption and active user base provide resilience and support, positioning it as a leading crypto asset with significant potential for growth.
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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 3 technical signals, shows that 0 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 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 | 3.543 | 5.347 | 7.233 | 9.037 | 10.923 | 12.727 | 14.613 |
| Fibonacci | 5.347 | 6.756 | 7.627 | 9.037 | 10.446 | 11.317 | 12.727 |
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