During the past 24 hours, price ChainLink (LINC) faces high demand for purchase as it is broken over a decisive $ 15 sign. However, after breaking more than $ 15, the cooking price is now unified. Fear/greed index has decreased, and now feared feelings have shown at the level of 30. At the same time, Chainlink trading volume increased by 20.4 % in the past 24 hours, reaching $ 360 million.
Looking at the longest direction, the Link price has decreased since mid -December, as it decreased from $ 31 to about $ 15 on February 3. In recent weeks, the Link price has strong fluctuations because it aims to get a $ 15 job. In the past 24 hours, the market value increased by 0.5 %, reaching 9.96 billion dollars.
The link faces a positive financing rate amid unification
ChainLink has partnered with the Abu Dhabi Global Market (ADGM), a major financial center in the United Arab Emirates, to enhance Blockchain innovation and the distinctive symbol in the region. Through this partnership, the companies registered with AdGM will be able to access the Chainlink’s Blockchain technology and tools, which helps to accelerate the adoption of the distinctive symbol.
ADGM, recognized to support Blockchain Innovation in the world, this cooperation is very important to update its organizational environment in Blockchain. Together, ChainLink and AdGM are planning to organize events and workshops aimed at educating Blockchain and AI societies in the United Arab Emirates. These sessions will cover basic topics such as the distinctive symbol, interconnected intercourse, reserve proof, and new Blockchain standards.
As a result, the link price was combined inside the purchase area of $ 15. In the past 24 hours, Chainlink has seen a unified trading activity. According to Coinglass, about 635 thousand dollars occurred in correlation deals, with a long rank of $ 168,000 of this folder. On the other hand, the sellers liquidated about $ 467,000 of positions.
In the midst of this uniform momentum, the interest in Sainlink trading increased along with a positive financing rate at 0.0081 %. The open interest, which tracks the total number of trading contracts due, has increased to $ 525 million, which reflects an increase of 0.24 % in the past 24 hours.
ChainLink Prices: Technical Analysis
ChainLink (Link) recently penetrated the main resistance level at $ 15, driven by increased purchase activity. Currently traded about $ 15.32, LINK has witnessed a modest increase of 0.3 % last day, reflecting a balanced and cautious struggle between buyers and sellers.
Despite this bullish step, LINK faces steady pressure for sale, which may reduce prices over the $ 15 sign. In addition, the RSI index (RSI) has reached 66, indicating that the link approaches the excessive conditions at the peak of purchase. This indicates that sellers may soon intervene to slow up or reversal momentum.
Link must maintain its current upward strength, the next important resistance level sits at $ 18.12, and the purchase of price purchase may continue about 22 dollars. However, if the bullish momentum is weak, LINK may have a decline, re -testing the previous resistance line that turned into a line. In such a scenario, prices may decrease to about $ 11.71.
Prediction of the link: What do you expect after that?
short term: According to Blockchainreportter, the bonding price may last about $ 18.12. If the price rises above $ 18.12, we may see $ 22. On the negative side, $ 11.7 is the range.
Long term: According to the current prices of Coincodex, the cryptocurrency is expected to increase by 22.70 %, reaching $ 18.37 by April 24, 2025. Coincode’s technical indicators currently show landing feelings, while the Fear & Greed index is 46 years, indicating “fear”. Over the past thirty days, Chainlink 14 out of 30 green (47 %) has seen, with prices fluctuating about 8.00 %. Based on this expectation, Coincodex suggests that it may not be the time now to buy Chainlink.
The link price is traded at $ 15.16 at the time of this report. The association price has increased by more than 0.55 % in the past 24 hours.
Throughout the day, the link price may last about $ 18.12. If the price rises above $ 18.12, we may see $ 22. On the negative side, $ 11.71 is the range.
According to long -term expectations, the price of Sainlink may reach $ 18.37 by April 24. This makes the bonding price a good investment given its monthly return.
Investment risk for Chainlink
Investing in the correlation price can be risky due to market fluctuations. Investors must:
- Conducting technical analysis and chain.
- Evaluation of their financial situation and tolerance with risks.
- Consult with financial advisors if necessary.
