Fed Official Addresses Growth of Cryptocurrency Trading Services by 2026
Institutional Moves in Cryptocurrency: JPMorgan plans to offer cryptocurrency trading services to institutional clients in 2026, marking a shift from its previously cautious stance. Charles Schwab and Vanguard are also expanding their cryptocurrency services, indicating a growing acceptance in the financial sector.
Fed Member's Insights on Inflation: Fed member Miran discussed recent inflation data, noting anomalies due to a government shutdown and suggesting that the current data should lead to a dovish stance. He does not foresee a recession soon but warns that failure to adjust policies could increase recession risks.
Market Reactions: Bitcoin's value has dipped below $90,000 as the U.S. market prepares to open, with weak expectations for a rate cut influencing market sentiment.
Future Economic Outlook: Miran highlighted that next year's tax refunds could provide economic revival, and he is still undecided on supporting a 25 or 50 basis point cut in interest rates.
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Technical Analysis for LINK
Technical Sentiment Analysis for Chainlink (LINK) As of , Chainlink (LINK) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 3 technical signals, shows that 0 indicators are flashing buy, while 3 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 | 3.547 | 5.348 | 7.237 | 9.038 | 10.927 | 12.728 | 14.617 |
| Fibonacci | 5.348 | 6.758 | 7.629 | 9.038 | 10.448 | 11.319 | 12.728 |
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