Trading near the breakout zone of $11.50, Chainlink (LINK) has again pulled back to the $11 level near the 10-day moving average. While the broader market is showing signs of recovery and probably the start of a new trend, Chainlink (LINK) has been unable to break out of the range-bound trading.
Meanwhile, Render and DTX Exchange (DTX) shook the crypto community with their exponential moves last week. In the last seven days, Render gained 28%, while DTX Exchange crossed the $2.7 million mark. Chainlink investors are diversifying into these trending coins, which have the capability to become big in the coming times.
Chainlink (LINK) Fails To Cross $12, Will It Start The New Downtrend?
In the last two weeks, Chainlink (LINK) has disappointed investors with sluggish momentum. Despite several tries, Chainlink has been unable to break the $11.5 resistance level. However, follow-through on rejection from the upper level has not come, which shows the lack of sellers in Chainlink (LINK).
The breakout or breakdown from the $11.7 â $10.5 range will decide the further momentum of the Chainlink (LINK) price. In case of a breakout from the upper range, $12.6 could be the next target, while in a downtrend scenario, $10.3 is the central demand zone. Also, the 10-day moving average is strong support for the Chainlink (LINK) price, so it will be crucial in a downtrend.
Render Gives Strong Breakout With High ParticipationÂ
On Monday, Render broke out from the descending trendline, which it rejected twice last month. The volume associated with the breakout candle was high, indicating the high buyer participation in the coin. Render has been in a downtrend since March, but with the formation of a head-and-shoulder reversal pattern, the correction seems to be over now.
According to coinmarketcap, Render is positioned at #29 with a market cap of $3.1 billion. The Render token is currently close to the total supply and will be maxed out in the coming months. The most important level for Render currently is $7 because it has worked as support previously and will now be a resistance level if the price reaches it.Â
DTX Exchange (DTX): Top Contender For Biggest Exchange In The WorldÂ
DTX Exchange is a new player that combines the strengths of both centralized and decentralized exchanges. Itâs set to tackle key issues in the traditional global trading market with its hybrid trading model, offering a one-stop platform for all types of traders.
Recently, DTX launched its own L1 blockchain, which will be the backbone of its platform. This new hybrid trading platform boasts fast transaction speeds, no KYC checks, and total privacy. With over 120,000 asset classes available, including stocks and cryptocurrencies, DTX offers buyers and sellers a broad range of options.
DTX Exchange caters to all trading needs, allowing users to engage in markets such as forex, stocks, equities, and crypto. It bridges the gap between traditional finance and Web3, ensuring decentralized finance gains wider global acceptance.
With its innovative features and strong investor interest, DTX is emerging as a top contender in the crypto space. The exchange is close to hitting its $3 million presale target, with over $2.5 million already raised at $0.06 per token.
Learn more:Â Buy PresaleVisit DTX WebsiteJoin The DTX Community
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