Main Points:
At RWA Summit Cannes, Nelli Zaltsman, JPMorgan Kinexys’ Head of Blockchain Payment Innovation, said Decentralized finances and traditional finances are converted fast. The banking giant, chainlink (Link), and finances in the ondo (Ondo) Recently a crosschain was completed Delivery compared to payment (DVP) test testing, involving a permission of payment network and a public testnet.
Can traditional institutions move onchain links higher? Let’s review the charts to find out.
Price Linking
The link has been combined -included within a large range between $ 10.94 and $ 18 for the past few months.
The link/USDT pair rose near $ 18 overhead resistance, which is likely to attract strong sales of bears. If the price drops from $ 18 but finds support in the 20-day exponential transfer of average ($ 14.85), it exhibits a positive emotion. This increases the likelihood of a break above the $ 18 level. If that happens, the pair will complete a double-bottom pattern, with a target goal of $ 25.06.
Instead, if the price drops dramatically from $ 18 and breaks down the 20-day EMA, signal that the action that is bound can continue for a few more days.
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The Bulls arrested the pullback on the 20-em in the 4-hour chart, indicating that every minor dip was purchased. The pair may turn away from $ 18, but a rebound from 20-em suggests that consumers will remain in control. It enhances the prospects of a rest above the overhead resist.
This positive view is invalid in the near term if the price drops sharply and breaks below the average 50-simple transfer of average. The pair could fall at $ 14.70 and eventually to $ 14.
This article does not contain investment advice or recommendations. Every transfer of investment and trading involves risk, and readers should conduct their own research when deciding.
