Chain links
Oracle Network, which can help bridge blockchain networks using external data, has experienced significant price volatility in recent transactions, recovering strong support of $13.58 from a sharp 14.4% correction.
Recovery gains momentum through continuous higher lows, which is likely to indicate accumulation at lower levels. However, Bitcoin’s
Performance may determine the next big move for altcoins like links.
Link has risen 1.4% over the past 24 hours, consistent with price action in the broader digital asset market.
The crypto market benchmark Coindesk 20 index rose 1.1%.
Technical indicators point to the continuous power:
- Link experienced a sharp correction from $13.972 to $13.557, followed by a strong recovery and received a high volume of support of $13.582.
- Notable resistance was $13.960-13.970, and sales pressure increased twice during the trading period.
- At 10:00 UTC, the price action marked the highest decisive breakthrough in the period (link 1,061,645).
- A new trading range is built between $13.800-13.950, indicating a potential continuation of the uptrend if the quantity still supports it.
- V-shaped recovery mode is formed with a strong purchase in the $13.785-13.790 support zone.
- The $13.830-13.840 range now establishes a potential upward movement of new support zones.
Disclaimer: Part of this article was generated with the assistance of AI tools and reviewed by our editorial team to ensure accuracy and compliance Our standards. For more information, see Coindesk’s complete AI policy.
