• News
    • Bitcoin
    • Altcoins
    • Blockchain
    • DeFi
    • Regulation
    • Scams
  • NFT
  • Metaverse
  • Analysis
  • Learn
  • Market Cap
  • Shop
What's Hot

What Is a DEX? How DEXs Work and Why They Matter

2025-05-21

What Is Blockchain? Blockchain Technology Explained for Beginners

2025-05-21

Creator of over 100 memecoins says rug pulls are the ‘easiest way to make money’

2025-05-18
Facebook Twitter Instagram
  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Financial Disclosure
Twitter Instagram YouTube
Crypto Semantic
  • News
    • Bitcoin
    • Altcoins
    • Blockchain
    • DeFi
    • Regulation
    • Scams
  • NFT

    All Eyes on Art: Upcoming Collections to Watch the Week of January 28

    2025-02-03

    Op-Ed: The Artist and the Artificial Sublime

    2025-01-20

    Zora launches onchain NFT secondary markets with Uniswap

    2024-08-12

    NFT sales surge led by DMarket on Ethereum

    2024-08-12

    Top NFT Collections by Sales This Week: DMarket Surges Ahead

    2024-08-11
  • Metaverse

    Shib: The Metaverse – Part of the Expanding Shiba Inu Ecosystem

    2025-01-03

    Experience to Earn: Everdome’s Metaverse Frontier

    2024-12-30

    Beyond Bots: Meta Motivo and the Dawn of Humanlike Digital Life

    2024-12-13

    Exploring NetVRk: What Is Behind This AI-Driven Virtual Universe?

    2024-10-28

    Council of Europe Highlights Metaverse’s Impact on Privacy and Democracy

    2024-09-05
  • Analysis

    Analyst Says Momentum Is Going To Switch to Ethereum, Predicts Capital Rotation to Altcoins

    2024-02-20

    Bitcoin Price Rally In Jeopardy? Decoding Key Hurdles To More Upsides

    2024-02-19

    Arweave’s AR token hits 18-month high amid rapid growth and innovation

    2024-02-19

    Largest Bitcoin Whales Gobble Up Nearly $13,000,000,000 Worth of BTC in 2024 Alone: Santiment

    2024-02-19

    NEAR Skyrockets 30% – Investors Intrigued By These Metrics

    2024-02-19
  • Learn

    What Is a DEX? How DEXs Work and Why They Matter

    2025-05-21

    What Is Blockchain? Blockchain Technology Explained for Beginners

    2025-05-21

    A Beginner’s Guide to Blockchain Consensus

    2025-05-16

    Blockchain Layers Explained for Beginners: L1, L2, L3 Solutions

    2025-05-16

    A Beginner’s Guide to Crypto

    2025-05-16
  • Market Cap
  • Shop
Crypto Semantic
Home»Altcoins»Chainlink [LINK] hits a key hurdle – Is a reversal likely? 
Altcoins

Chainlink [LINK] hits a key hurdle – Is a reversal likely? 

2023-06-29No Comments2 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email

Disclaimer: The knowledge introduced doesn’t represent monetary, funding, buying and selling, or different forms of recommendation and is solely the author’s opinion

  • LINK’s restoration has eased at March low 
  • Shopping for volumes and Open Rates of interest decreased 

Chainlink [LINK] chalked a sideways construction forward of ECB (EU Central Financial institution) Discussion board on Central Banking scheduled for 28 June 2023. US Fed Chair Jerome Powell may even grace the assembly, and buyers are notably eyeing his speech. 


Learn Chainlink [LINK] Value Prediction 2023-24 


 Market route after the assembly may depend upon whether or not key speeches take a hawkish or dovish stance. Within the meantime, BTC fluctuated above $30k whereas LINK’s vary formation prolonged inside $5.9 – $6.3. 

Will LINK lose maintain of the March low?

Supply: LINK/USDT on TradingView

LINK’s construction was bullish on the every day timeframe after climbing above the March low of $5.917. However that’s only a bullish intent and never an outright uptrend. In addition to, a bearish order block (OB) exists on the every day chart at $6.0 – $6.3 (pink). So, bulls may solely declare leverage in the event that they transfer above $6.3. 

The Relative Energy Index (RSI) had eased from the overbought zone and slid beneath the 50-mark – emphasizing a pointy decline in shopping for stress. Equally, the On-Stability Quantity (OBV) moved sideways, indicating demand stagnated previously few days. 

A detrimental value response on the confluence of the March low and the bearish OB may drag LINK to the decrease excessive and former range-high of $5.4. The following fast assist degree is $5.0. 

See also  Bitcoin: Hashrate hits ATH, but what about price?

Conversely, a transfer above $6.3 will make $6.66 and $7.7 the following goal for near-term bulls. However such an upswing will depend upon BTC’s upside above $31.4k. 

Shopping for volumes eased

Supply: Coinalyze

Regardless of the rising Open Curiosity (OI) charges between 20 – 24 June, Cumulative Quantity Delta (CVD) spot eased considerably. It reveals the rising demand (uptick in OI) within the futures market didn’t drive huge shopping for stress on the spot aspect. 


Is your portfolio inexperienced? Take a look at the LINK Revenue Calculator


However each metrics declined previously few hours on the time of writing. It paints a short-term bearish outlook for LINK. Bulls can anticipate a pullback retest on $5.9 or $5.4 to go lengthy, offered BTC stays bullish. 

Source link

Chainlink Hits hurdle Key LINK Reversal
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Hackers exploit booming crypto market, laundering hits $1.3 billion in 2024

2025-01-13

Balancer Becomes Key Layer for AMM Innovation with GyroStable & CoWSwap

2024-09-21

Threshold Network Integrates Chainlink Feeds to Strengthen tBTC Ecosystem Across Four Top Blockchains

2024-09-20

Defi Thrives Where Banks Falter, Fragmentation a Hurdle

2024-09-18
Add A Comment

Leave A Reply Cancel Reply

Top Posts
NFT

GoMining Launches North NFT Collection with Daily Bitcoin Rewards

2023-07-28

GoMining, a trailblazer within the Bitcoin mining business, has as soon as once more taken…

NFT

Why Rug Radio Held Off on a PFP Drop—Until Now

2023-02-05

NFT At this time’s most vibrant Web3 communities have been largely anchored round non-fungible tokens…

Regulation

New York lawmaker introduces bill to support stablecoin payment for bails

2023-05-11

New York lawmaker Latrice Walker proposed a brand new invoice that helps utilizing fiat-collateralized stablecoins…

Subscribe to Updates

Get the latest news and Update from Crypto Semantic about Crypto, Metaverse and NFT.

About
About

Our mission is to develop a community of people who try to make financially sound decisions. The website strives to educate individuals in making wise choices about Cryptocurrencies, NFT, Metaverse and more.

We're social. Connect with us:

Twitter Instagram
Popular Post

NFT Pudgy Penguins Partnering With Great Potential Company WME

2023-05-06

PlayDapp Announces Mainnet Launch: User-Friendly Blockchain for Ecosystem

2024-03-25

Coinbase claims SEC is trying to ‘side-step’ Howey test in latest appeal attempt

2024-05-24

Get the latest news and Update from Crypto Semantic about Crypto, Metaverse and NFT.

  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Financial Disclosure
© 2025 cryptosemantic.com. Designed by ProdigitalX.

Type above and press Enter to search. Press Esc to cancel.

  • Kinza Babylon Staked BTCKinza Babylon Staked BTC(KBTC)$83,270.000.00%
  • Vested XORVested XOR(VXOR)$3,404.231,000.00%
  • ICPanda DAOICPanda DAO(PANDA)$0.003106-39.39%
  • bitcoinBitcoin(BTC)$108,595.00-2.45%
  • ethereumEthereum(ETH)$2,553.68-3.64%
  • tetherTether(USDT)$1.000.01%
  • rippleXRP(XRP)$2.35-3.25%
  • binancecoinBNB(BNB)$666.42-3.00%
  • solanaSolana(SOL)$176.74-0.73%
  • usd-coinUSDC(USDC)$1.000.00%
bitcoin
Bitcoin (BTC) $ 108,546.08
ethereum
Ethereum (ETH) $ 2,546.33
tether
Tether (USDT) $ 1.00
xrp
XRP (XRP) $ 2.34
bnb
BNB (BNB) $ 663.42
solana
Solana (SOL) $ 176.95
usd-coin
USDC (USDC) $ 1.00
dogecoin
Dogecoin (DOGE) $ 0.233225
cardano
Cardano (ADA) $ 0.774525
tron
TRON (TRX) $ 0.266045