Chainlink targets $ 30 as link reserves, whale purchases jumps star-news.press/wp

Chainlink icon is closed at the highest new annual level, reaching $ 26 in the last selection on Sunday, driven by the renewal of the investor momentum and the adoption of the Oracle network.

ChainLink (Link) jumped by 123 % of its lowest level this year.

Corps reserves grow

ChainLink recently launched the Link Reserves feature that allows it to direct its chain fees and institutions. Data collected on Website It explains that it now contains 109,663 codes of correlation in its reserves.

When going to the current association price, the value of these reserves is estimated at more than $ 2.7 million, which is likely to continue. The strategy was already profitable because the average cost of the link was $ 19.65.

The total value of the guaranteed Chinlink continued on its platform. TVs jumped to more than 93 billion dollars, with the majority of money allocated to Ethereum.

ChainLink also continued to liberalize partnerships with some of the largest companies in the world. Recently, it has announced a great cooperation with Incontinental Exchange (ICE), the parent company for the New York exchange.

The Ice partnership will enable the use of ChainLink technology to run Forex and metal trading. This is just one example of how to use an overlapping operating protocol across the overlapping chain in the real world asset icon industry.

Meanwhile, the demand for the link link is still high. Its open future interest has increased to an increase of $ 1.5 billion, which is much higher than the lowest level per year to 421 million dollars.

The accumulation of whales continued this month. These investors now have 5.61 million link links, with a monthly increase of 68 %. The purchase of Whale is one of the most bullish stimuli for a symbol, as it indicates the request from investors who have a greater stake in the game.

Technical analysis of the series

The daily time frame scheme shows that the bonding price has a double pattern at $ 10.97. This price shaped the beginning of the first stage of Elliot wave style.

The code is now moved to the third stage, which is the most difficult. It also formed a gold intersection pattern as the moving averages crossed for 50 days and 200 days.

The Relative Power Index and MACD indicators continued to rise as bulls target the main resistance level at $ 27.18, its highest point since January of this year. The step above this level will indicate more gains to the psychological point at $ 30.