Oracle Network Chainlink’s (Link) The native token went up 6% in the past 24 hours crossing $ 24.5 on Thursday as crypto prices climbed higher with altcoins.
Price action has occurred because large cap altcoins led to crypto markets higher in the hope that ETFs based in place can be hit by the market as soon as possible to the SEC Approval General List standards.
That could include the chainlink link, also, with some applications filed earlier this year and linking futures that have been exchanged with US regulation exchanges such as Coinbase derivatives.
Caliber (CWD). bought $ 6.5 million worth of tokens as part of the digital asset approach.
The chainlink reserve too bought On Thursday another 43,000 link ($ 1.05 million) As part of the initiative to purchase tokens using revenue from protocol integration and services, similar to public companies purchase programs.
Since August, the reserve has accumulated a total of 323,116 tokens, worth $ 7.9 million, Data Shut up.
Technical analysis
Technical indicators emphasize the availability of link momentum, according to CoinDesk’s technical analysis data review.
- The stable support established at $ 22.82 with a high confirmation volume of 5.56 million units, which significantly exceeds the 24 -hour average of 1.48 million.
- Multiple resistance levels are violated including $ 24.16 and $ 24.42, which shows prolonged purchase pressure.
- The climb of low formations throughout the recovery phase indicates the same upward momentum.
