Chainlink-linked JPMorgan conducts initial tokenized US bond transaction, propelling Chainlink price as Best Wallet Presale hurries towards $13M milestone
Headline: Get the Lowdown on Chainlink's Price Surge After Tokenized US Treasury Trade! 💥🚀
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📈 Cryptonews Flash 📈
The Chainlink (LINK) price took a 3% nosedive in the last 24 hours, trading at $16.72 as of 12:26 a.m. EST, with trading volume plummeting 30% to a staggering $517 million. Despite this, JPMorgan completed its first-ever tokenized US Treasury transaction on a public blockchain, marking a major milestone after years of restricting transactions to private, permissioned networks.
🎉 BREAKING NEWS 🎉
JPMorgan, Chainlink, and Ondo Finance just finalized a tokenized US Treasury trade across blockchains for the first time ever! 🔁💵
One chain handled the assets, while the other managed payments - both settled instantly, thanks to Chainlink tech. This collaboration between industry titans is a giant leap forward in real-world asset tokenization! 🌐💸
Chainlink Price: Buckle Up for a Bull Run! 🔥
The LINK price chart reveals some jaw-dropping bullish developments with the formation of an Inverse Head and Shoulders pattern. This pattern is a reliable reversal signal, and after the downtrend, it suggests that LINK could be transitioning into an exciting new upward phase!
This pattern includes a left shoulder, a lower head, and a right shoulder that aligns with the left shoulder in symmetry. The neckline resistance hovers around the $15.50-$16.00 region, according to GeckoTerminal data.
Chainlink's price action recently broke above the neckline, reaching a local high near $17.70, aligning snugly with the 200-day Simple Moving Average (SMA). This breakout verifies the bullish reversal pattern, hinting that the LINK price may be escaping its prolonged bearish or sideways trend.
Resistance and Support Levels 🔒🔓
Resistance zones pop up ahead around the $19.00-$20.00 mark and a stronger one between $25.5-$26.8, serving as potential future price targets if the bullish momentum holds up.
Meanwhile, the 50-day Simple Moving Average (SMA) has recently pivoted upward and currently sits below the 200-day SMA, indicating a lagging bullish crossover, possibly a golden cross in the making if it persists.
The Relative Strength Index (RSI) reads 62.53, edging towards overbought territory but still below the threshold of 70. This suggests that the increasing bullish momentum isn't overheated, supporting the continuation of the uptrend in the short term.
The MACD shows a positive crossover, with the MACD line ~0.85 towering above the signal line (~0.66) and histogram bars painted green.
LINK Price Ready for a 13% Surge 📈
With the confirmed inverse head and shoulders breakout and the alignment of bullish technical indicators, LINK is gearing up for more upside!
The measured move from the neckline indicates a target close to $19.11 in the near term, representing a 13.28% gain from the neckline breakout.
Should momentum persist and the price decisively clear the 200-day SMA resistance at $17.71, the Chainlink price could surge toward the upper resistance zone at around $25.86 over the coming weeks.
However, if bearish pressure kicks in, the $14.80 support zone serves as a buffer against downward pressure for the LINK price.
In the meanwhile, investors are rushing to buy Best Wallet (BEST)! According to popular YouTube channel 99Bitcoins, which boasts over 725K subscribers, BEST has the potential to explode 10X after launch!
Best Wallet Presale Races Toward $13 Million 💰
BEST, the cryptocurrency fueling the trending Web3 platform Best Wallet, recently sailed past the $12.3 million barrier in its presale. 🌊💸
This crypto wallet distinguishes itself from industry giants like MetaMask and Phantom with its native token and unique features you won't find elsewhere. 🌟🔍
Best Wallet sets itself apart with its support for over 60 blockchains, including Bitcoin, Ethereum, Solana, XRP, and Cardano. Designed as a multi-chain, non-custodial solution, Best Wallet lets users fully own and control their crypto assets without relying on centralized intermediaries.
Say goodbye to switching apps just to manage different tokens! 🧮😎
Multiple blockchains mean you can hold Bitcoin, Ethereum, Base assets, and more - all in one place! No more juggling logins or copying addresses between platforms. 💪🌐
Among the many features of Best Wallet, the "Upcoming Tokens" section captures the attention of investors. This section helps users discover promising projects just entering the scene!
The project's penchant for spotting successful crypto projects is already well-known, having flagged Pepe Unchained (PEPU) and Catslap (SLAP), meme coins that yielded substantial gains for early adopters.
BEST tokenholders can also earn a ginormous 119% annual return by staking BEST tokens. As of now, BEST tokens cost $0.025025.
Those interested in exploring BEST should grab a spot before the price skyrockets in approximately 12 hours. 🍾🌌
Check out BEST on its official website! 🌐👨💼
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- As the Chainlink price shows promising signs of a bull run with the formation of an Inverse Head and Shoulders pattern, investors might consider diversifying their finance portfolio by incorporating crypto assets like LINK.
- Despite the recent price drop, the potential for a 13% surge, as indicated by the measured move from the neckline, combined with the alignment of bullish technical indicators, makes LINK an exciting candidate for investing in lifestyle and finance.
