CHAINLINK NEWS 26/9
Chainlink (LINK) has been one of the trending crypto projects this year, fueled by the hype surrounding the tokenization of real-world assets (RWA), which allows physical assets to be mapped, stored, and traded on the blockchain.
LINK is changing hands around the key $12.3 level, down 18% this year and 76% below its May 2021 high.
On the daily timeframe, LINK has been trading in a descending channel pattern for the past 7 days after breaking out on September 18. The LINK/USD pair has immediate and long-term support levels at $8.09 and $5.68, respectively.
The daily chart MACD crossed above the signal line on September 10, indicating bullish momentum.
Outside of the spot market, LINKâs open interest in the futures market has been trending up this month, signaling growing trader interest in the asset.
