BlockDAG Secures $404M in Presale and 3M Daily Miners, Outpacing WELF's 88% Decline and Chainlink's Steady $22 Value
WELF Finance Struggles: WELF Finance remains nearly 88% below its all-time high, showing limited recovery despite a slight daily gain, while facing a significant decline over the past month, indicating cautious sentiment among traders.
Chainlink's Steady Role: Chainlink continues to be a vital player in decentralized finance, maintaining its relevance as an oracle despite recent price fluctuations, with forecasts suggesting a potential range of $23 to $26 for September.
BlockDAG's Strong Foundation: BlockDAG demonstrates resilience with nearly $404 million raised in presale funding, over 26.1 billion coins sold, and a global network of 325,000 active participants, positioning it as a crypto project with significant potential.
Community Engagement as a Strength: The active participation of BlockDAG's community, along with its infrastructure and upcoming deployment in Singapore, highlights the importance of collective engagement in building long-term value and stability in the crypto market.
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Technical Analysis for LINK
Technical Sentiment Analysis for Chainlink (LINK) As of , Chainlink (LINK) is exhibiting a Strong sell technical sentiment. Our proprietary analysis, which aggregates 4 technical signals, shows that 0 indicators are flashing buy, while 4 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for LINK stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, LINK is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Chainlink (LINK) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 3.538 | 5.344 | 7.228 | 9.034 | 10.918 | 12.724 | 14.608 |
| Fibonacci | 5.344 | 6.754 | 7.624 | 9.034 | 10.444 | 11.314 | 12.724 |
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