The price of Link (Link), Token Native Token of Oracle Chainlink, rose 4% on Monday that extended its rebound from the Crypto butcher shop last week.
The Token reached $ 17 during the session, almost 10% of the weekend minimums, according to Coindesk data.
The measure occurred when Chainlink deployed market data for shares and ETFs of the USA. UU., With the aim of connecting the traditional financial instrument with capital markets in the chain. Chainlink data flows now provide “real -time and high -performance prices” for assets such as SPY, QQQ, NVDA, AAPL, MSFT and other instruments in 37 Blockchain networks, according to a blog post. The characteristic allows use cases such as the trade of tokenized shares, perpetual future and synthetic ETF in blockchain rails.
The Defi Kamino protocol and the place of commerce of decentralized perpetuals based in Solana have already begun to use the service, according to the post.
“This is a significant leap for tokenized markets, closing a critical gap between traditional finances and blockchain infrastructure,” Johann Eid, commercial director of Chainlink Labs, said in the position.
Technical analysis shows strong impulse
Link exhibited a remarkable upward yield during the 24 -hour negotiation session, rising from $ 16.16 to $ 16.87 and delivering a substantial gain of 4.39%, according to the technical analysis model of Coindesk Research.
The persistent ascending impulse, which is distinguished by progressively higher minimums and a volume constantly higher than the average during the rally phases, indicates a sustained bullish market feeling with a strong potential for additional gains directed to the psychological threshold of $ 17.00, the model said.
Technical indicators
- Normal support established at $ 16.11 representing the low of the initial session during the 24 -hour period.
- High volume support confirmed at $ 16.29 during the increase in midnight UTC with significant commercial activity.
- The key resistance was formed to $ 16.87 with a strong volume confirmation and multiple test attempts.
- Peak volume to 1,533,754 units during August 4, 1:00 p.m., almost triple the average volume.
- Confirmed rupture pattern from $ 16.65 to $ 16.83 that establishes the level of critical resistance support.
- Pattern of higher minimums maintained in the entire rally that indicates a sustained bullish impulse.
- Confirmation of volume above 30,000 units during the phases of key rally that support the action of the ascending price.
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