LINK
Chainlink ($LINK) Dips 10% Amid Ripple PartnershipA Game-Changing Partnership
Chainlink ( CRYPTOCAP:LINK ), known for its role as a blockchain abstraction layer enabling universally connected smart contracts, recently announced a groundbreaking partnership with Ripple. The collaboration aims to integrate Ripple’s RLUSD stablecoin into Chainlink’s decentralized oracle network, boosting its utility across decentralized finance (DeFi) ecosystems.
Launched last year, RLUSD has been making waves in the stablecoin market, with Ripple positioning it as a competitive alternative in the space. The integration with Chainlink will bring RLUSD into Chainlink’s price feed system, enabling secure, real-time transactions on both Ethereum and XRP ledgers.
Jack McDonald, Ripple’s SVP, emphasized the importance of trusted data for maintaining stability in DeFi. “By leveraging the Chainlink standard, we bring trusted data on-chain, further strengthening RLUSD’s utility across institutional and decentralized applications,” he stated.
Chainlink’s Chief Business Officer, Johann Eid, highlighted that the partnership is a strategic move to accelerate RLUSD adoption. By providing reliable on-chain data, the collaboration sets the stage for RLUSD to scale seamlessly within the DeFi space.
Technical Analysis
Despite the positive news, CRYPTOCAP:LINK saw a sharp 10% decline, with the asset currently trading at oversold levels. The Relative Strength Index (RSI) sits at 25, indicating significant overselling pressure. This presents a dual narrative: while the dip may raise concerns, it also offers a potential buying opportunity for traders and investors.
The 1-month low axis serves as an immediate support level. Should this level hold, it could act as a strong barrier against further selling pressure, potentially catalyzing a reversal. A break above the 38.2% Fibonacci pivot point would confirm a bullish recovery, driven by renewed optimism around the Ripple partnership.
Market Sentiment and Outlook
The partnership between Chainlink and Ripple has the potential to redefine stablecoin utility within DeFi ecosystems. With RLUSD poised for broader adoption and Chainlink’s proven track record in delivering secure oracle solutions, the collaboration is a win-win for both platforms.
The recent dip in CRYPTOCAP:LINK may be a temporary market reaction, as fundamentals remain strong. Investors should monitor key technical levels and capitalize on the oversold conditions to position themselves for a potential rebound.
Conclusion
Chainlink’s ( CRYPTOCAP:LINK ) dip, despite its promising partnership with Ripple, underscores the market's volatility. However, the long-term prospects of this collaboration point to a significant boost in utility for RLUSD and an enhanced DeFi ecosystem. For investors, the current oversold conditions could present an ideal entry point as CRYPTOCAP:LINK gears up for a potential rebound.
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LINK to ETH cooldown expectedSeems LINK will outperform ETH, having reached and gotten rejected from range high
RSI also on a downtrend
good pump linkies
now let daddy ether take the lead
Just COMMENT me the name, and I'll handle the analysis for you!Tell me the coin name, and I'll analyze it for you!
Chainlink is getting ready to moveChainlink (LINKBTC) chart has a good long set up. I'll be accumulating at and below 0.00023 level. My first TP target is at 0.00028 level.
However, I will probably see the price action then and decide I think a better TP1 is at 0.0003472 level as shown on the chart.
This is a daily chart so it will take some time to play out.
As usual, not a financial advice. DYOR.
LINKUSDT Breakout Alert: Bullish Momentum Above 50 EMA!BINANCE:LINKUSDT Breakout Alert: Bullish Momentum Above 50 EMA!
After multiple tests of the support zone, BINANCE:LINKUSDT has finally bounced off and broken out of its descending trendline, signaling a potential strong uptrend. With the price now holding above the 50 EMA, bullish momentum is evident, and the market may be gearing up for a significant move higher. Traders should consider entering on a pullback while targeting key resistance levels. As always, proper risk management is crucial—set your stop-loss below the support zone and align your position size with your risk tolerance to stay on the safe side.
BINANCE:LINKUSDT Currently trading at $22.5
Buy level: Above $22
Stop loss: Below $19
Target : $40
Max Leverage 3x
Always keep Stop loss
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LINK/USDT 1D chart review Hello everyone, let's look at the 1D LINK to USDT chart, in this situation we can see how the price is moving in the local downward trend channel which we are currently fighting to go up.
Let's start, however, by defining the goals for the near future that the price must face:
T1 = $22.29
T2 = $23.98
T3 = $26.65
T4 = $28.54
Now let's move on to the stop-loss in case the market continues to decline:
SL1 = $19.65
SL2 = $16.58
SL3 = $14.54
SL4 = $12.73
I Cannot Short This !!! situation+next targets.Technically, the cup and handle pattern has broken, which indicates a price increase. The price can easily reach the target goals.. If we measure the AB range, which is $17.5 , and if the breakout is confirmed, we can say that the price will easily grow $37 equal to CD.
Give me some energy !!
✨We spend hours finding potential opportunities and writing useful ideas, we would be happy if you support us.
Best regards CobraVanguard.💚
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✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟!
⚠️Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
LINK H&S potentialCOINBASE:LINKUSD has a well defined head & shoulders forming. Around 19.90 is the key level to watch here as it would confirm the H&S and also invalidate the bullish pinbar that formed on Dec. 20th. The target for this pattern is around 13.50. Major support also sits at around 9.50, so I consider the support zone essentially being anywhere between 9.50-13.50. This would be an attractive area to start looking at going long again.
Tell me the coin name, and I'll analyze it for you!Just COMMENT me the name, and I'll handle the analysis for you!
Chainlink Analysis: Key Patterns and Downside Risks 2024.12.29Hello, this is Greedy All-Day.
Today’s analysis focuses on Chainlink (LINK).
Weekly Chart Analysis
Looking at the weekly chart, Chainlink recently broke above the long-term resistance trendline in the green box, pushing past the previous resistance level at $21.
However, the price has now entered a corrective phase, potentially retesting the trendline.
Chainlink has dropped approximately 30% from its 2024 high.
Daily Chart Analysis
On the daily chart, the short-term ascending trendline was broken some time ago. After a retest, the price appears to have resumed its corrective trend.
A key concern here is the development of a Head & Shoulders (H&S) pattern, with the neckline break being the final confirmation for further downside.
Neckline and Entry Considerations
The H&S neckline is marked with the green trendline.
For conservative entries, I recommend waiting for the price to fall below the 60 EMA on the daily chart before entering.
Targets:
The first target is the demand zone in the blue box, specifically at the $16 level.
If $16 breaks, it would signal the end of the bullish phase, with further downside likely.
The H&S pattern target suggests a potential drop to $9.
Volume Analysis
The volume supports the completion of the H&S pattern, showing a gradual decline in buying pressure.
This weakening buying momentum increases the probability of further declines if the neckline is broken.
Conclusion
Chainlink has shown strength in breaking the long-term resistance trendline, but the recent corrective phase raises concerns:
Weakening buying pressure during the decline suggests the potential for further downside.
If the current level fails to hold, Chainlink may enter the Ichimoku Cloud, signaling a trend reversal and opening the door for a 50% decline from current levels.
Recommendation:
For now, I recommend observing the market rather than taking new long positions. Waiting for confirmation of support or a significant breakout is the safer approach.
Let’s trade smart and stay ahead of the market. 🚀
linkIf we consider the movement of the head and shoulders, it can be modified to any of the following lines:
Chainlink Head and Shoulders
The Chainlink head-and-shoulders pattern is preparing to target an area of 11-12. The entire market is aiming for levels seen before the election.
linkIt is drawn in a hypothetical channel on the monthly time frame
The monthly candle is well drawn but
If this same candle wants to drop 50%
In the medium term, it will be blue lines
But I also drew a green box that is a half-half support and may become a support, so be careful
LINK/USDT 4h chart reviewHello everyone, let's look at the 4h LINK to USDT chart, in this situation we can see how the price is moving along the local upward trend line, but here we have bounced off the visible resistance at the levels:
T1 = $25.44
T2 = $26.71
T3 = $28.48
Now let's move on to the stop-loss in case the market continues to decline:
SL1 = $23.70
SL2 = $22.29
SL3 = $21.29
SL4 = $19.75
Waiting For The Price Action📊 Chainlink is hovering near the $21 support area, which has historically been a strong level for price reaction.
🟢 If this zone holds, it could pave the way for a move toward $25 and potentially $27.
👉🏼 Monitoring price action around $21 can provide insights into the next direction.
⚠️ Trading involves risk; assess carefully before taking action.
#LINK/USDT Ready to go higher#LINK
The price is moving in a descending channel on the 1-hour frame and sticking to it well
We have a bounce from the lower limit of the descending channel, this support is at 21.45
We have a downtrend on the RSI indicator that is about to be broken, which supports the rise
We have a trend to stabilize above the 100 moving average
Entry price 23.25
First target 24.12
Second target 25.53
Third target 27.12
Chainlink (LINK) Cup & Handle BULLISH!Chainlink (LINK) has formed a Cup & Handle pattern with a bullish scenario. The breakout has formed a bullish trend for the bulls creating pressure to push the price to the upside. In addition, the bears have pulled the price back down towards the neckline which acts as a previous Upper Resistance line.
Bid Zone= $19.27 - $22.87
Expect price to continue to the upside with followed buying momentum from the bulls. After this pullback, Chainlink will now retest previous "All-Time High" dated back from 2021.
Target= $52.28
good purchaseThe link is a good project for investment. Of course, the right point of purchase is very important
LINK --- projecting out this year... $63 Next set of targets for LINK
not hard to predict Chainlink will keep trending up --- we're in a Bull after all
The hardwork by investors, was completed in the year and half sideway accumulation zone under $10
now what ...
not much
sit on your hands
and rotate shitcoin profits into it ... (if LINK is core component of your portfolio of course)
At some you will have to decide when you to start selling your LINK for USD ... it won't be easy
PYTHUSDT - Rounding bottom patternBINANCE:PYTHUSDT stands out as a strong investment opportunity, often considered an improved version of $LINK.
While sharing similarities with LINK, it surpasses it in certain key areas. Being a new project with low market saturation, it offers significant potential for growth ✅️
The med-term targets are outlined in the chart.
Accumulation is recommended now up to 0.236 fibo level .
Best regards Ceciliones🎯
