Tag Archives: LINK

Although oracle blockchains are still a developing arm of the crypto space, Chainlink, the pioneer of the same, still finds competition. However, this competition does not come close to affecting the growth of Chainlink.  Chainlink in Q2 Data released at the beginning of the month makes it evident that the broader market crash certainly hadContinue reading “Will Chainlink’s 180% growth be enough to revive adoption”

Chainlink’s [LINK] inverse head and shoulder breakout failed to maintain a position beyond the three-month trendline resistance (white, dashed). While the price kept traversing below the south-looking EMA ribbons, the sellers kept finding fresher multi-monthly lows until mid-June.      For nearly a month, the price action has been compressing near the Point of ControlContinue reading “Assessing odds of Chainlink breaking down from its current pattern”

Chainlink’s network continues to enjoy robust user growth thanks to its strategic position as a Web3 oracle services provider. However, the aforementioned growth has so far failed to reflect on LINK’s performance. LINK’s price action has been heavily bearish since Q4 2021, but its bearish momentum has fallen significantly since May. In fact, the bullsContinue reading “What Chainlink’s [LINK] supply flows tell us about the bulls’ readiness”

Chainlink, a widely used oracle network, has recorded tremendous growth in the first half of this year. According to a report on the platform’s performance in the last quarter, Chainlink informed its users that the network grew to support over 1000 decentralized oracle networks and powered over 1350 projects housed across more than 12 differentContinue reading “Chainlink traders looking to solidify positions should know that LINK…”

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice. Although its early June rally bagged in decent gains, the bears quickly regained control of the near-term trend. Thus, Chainlink [LINK] has been consolidated in the $5.45-$7.36 range for nearly three weeks now. WithContinue reading “Chainlink: Effects of this pattern’s break on LINK’s technicals could be…”

Chainlink [LINK], the most widely used oracle network for powering hybrid smart contracts has been through a tumultuous journey in 2022. In 2020, LINK climbed 15 places up in under a year and stood among the best performing top ten cryptocurrencies. But now, another narrative has come alive. Investors are asking- Could LINK see short-termContinue reading “Chainlink [LINK] traders can consider these metrics before shorting market”

The weekly performance of the crypto-market has been quite interesting over the last few days as the bulls kicked up some dust. Chainlink [LINK] was one of the cryptocurrencies that enjoyed a substantial uptick as it pushed deeper into the narrow range. The alt’s long-term price action has been trading within a descending wedge pattern,Continue reading “Assessing why LINK investors are in a limbo despite its wedge pattern breakout”

A token that has recently been making up for lost ground in the crypto market is Chainlink [LINK]. New developments on the network are already showing positive reinforcements on the native LINK’s prices. However, the question is- What are these changes that have taken place on the network and where does the performance of theContinue reading “Decoding the reasons behind Chainlink’s [LINK] recovery from crash”

To some, Chainlink’s network has one advantage that no other blockchain in the crypto-space has — Vitality. When compared to other blockchains, Chainlink will always remain relevant. Especially since the network offers the uniqueness of being an oracle blockchain. Even so, it doesn’t protect its native token from the bearishness of the market. And, theContinue reading “$42M worth of selling in 24 hours says this about Chainlink [LINK]”

Cryptocurrency markets across the globe have crashed to a new low as of 18 June 2022. The market capitalization of global crypto fell below the $1 trillion mark to rest at $844.17 billion, at press time. The price of almost every top coin is worth half or even less than their all-time highs. Dogecoin (DOGE)Continue reading “DOGE, Shiba Inu, and LINK Price Analysis: 18 June”

LINK seemed like it was poised for a strong bullish breakout after low price volatility in the last two weeks of May. However, Its price action confirmed that its long-term descending resistance line was still active through a bearish reversal. The resistance line is part of LINK’s wedge pattern which is rapidly approaching the tightContinue reading “Chainlink: What to expect with LINK preparing for a breakout from a squeeze zone”

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice.LINK After sailing within the bounds of a side-channel for nearly three weeks, Chainlink’s [LINK] breakout was quick to register an up-channel (yellow) breakdown. This fall pierced through some critical price levels and found fresherContinue reading “Chainlink: This pattern can shape LINK’s near-term trajectory”