Link, the original code of Oracle Service Chainlink was recently under pressure as a number of positive titles failed to break the decline.
The distinctive symbol has decreased by 2.8 % over the past 24 hours to $ 22.4 while the broader market, and was measured by the Coindesk 20 index has not changed slightly. It has been traded by 15 % since it tops $ 27 on August 22, although it is Its exploitation By the US government to spread economic data on Blockchain and BitWise presentation For a trading box for exchange (ETF).
The truce period follows ranching. It also coincides with Bitcoin Ether (Eth) The broader encryption market has been back since mid -August.
The losses occurred even though ChainLink reservesIt is a mechanism that buys the distinctive symbols on a weekly basis, took it mainly from trading and reducing the offer, and bought 43,937 last links on Thursday. Since its first appearance in early August, the mechanism has bought a total of 237,014 symbols, at a value of $ 5.5 million at current prices.
Technical analysis
- The link faced continuous pressure, and the formation of low levels and lower lower levels as the broader encryption market is in a unification period, and clarifies the technical analysis model of Coindsk Research.
- The main technical support levels were set about $ 22.28 -22.32 dollars.
- The strong-backed resistance was formed around the level of 23.10-23.16 dollars.
Slip: Parts of this article were created with the help of artificial intelligence tools and reviewed by our editorial team to ensure accuracy and commitment Our standards. For more information, see Coindsk Full Policy Artificial Intelligence.
publish_date
