Of the leading Altcoins Chainlink $14.55Due to the failure of an Oracle update of the network (LINK) Network, it was the scene of loss of over $ 532,000 in just three minutes. After this disruption, the price of LINK Coin decreased by 7.77 percent during the day to $ 14,54. While the error in question creates question marks on the Altcoin project, which is considered the pioneer of the Oracle sector, investors’ eyes are in chain data and liquidation maps. Although the short -term appearance seems to be pessimistic, the indicators descending to the extreme sales zone keep the possibility of a jam on the table. The direction of LINK will depend on the result of the struggle between the support of $ 13.86 and the $ 16 resistance.
In -chain data offers important tips for chainlink
Alphractal’s latest liquidation heat map for Chainlink shows that long positions were ruthlessly liquidated during the last week. This hard cleaning reminiscent of the typical capitulation phases that buyers give up. Interestingly, as of today, the weight of the liquidation potential has shifted to the sellers using shorts. This resulting table LinkIf the price of the current levels, short positions can be trapped and start a rapid recovery.
Similar examples have resulted in short stucks in the past with long liquidations. Well LINK Coin Although it may seem weak, all the cartridges are still early to say. The decline in the total open position indicates that the new leverage input is limited. This can increase the speed of the potential opposite corner movement. Investors closely monitors whether the coin flows from the stock exchanges to wallets in the chain data have not increased. If the shooting trend is strengthened, the sales pressure on the market may alleviate.
The prominent levels in LINK Coin’s price chart
LINK Coin is currently trading around $ 14,54 with a market value of $ 9.56 billion. The last 24 -hour volume is at 598.9 million dollars. The price of $ 14.46–15.91 in the day has the first important support for $ 13.86. Breaking this level can open the door to a decrease of up to $ 12,70 if the sellers’ hands are strengthened.
On the other hand buyers altcoinIt is expected to re -test $ 17,40 if it can move its price over $ 16. For a new medium -term acceleration, permanent candle closure of over $ 17,40 is essential. Because there has been intense sales reaction in the past. When this obstacle is exceeded, the route may extend to $ 19,80. Although technical indicators give mixed signals, a sudden reaction with volume supported “Is the decline over?” It has the potential to produce positive answers to the question.
In short, the Link is defensive at the critical threshold in the shadow of Oracle crisis. Increased Short liquidation pressure and recovery of $ 16 can prepare the ground for a rapid relief rally. Otherwise, it will turn into a new target of six of the $ 13.86 dollars.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
