Analyst: MR KUANG
The current price of Chainlink (LINK) is approximately $15.07, having decreased by about 1.82% in the last 24 hours. Over the past week, LINK has increased by 0.44%, with a significant rise of 31.36% this month. Its market capitalization is currently around $9.45 billion, and the 24-hour trading volume exceeds $1 billion, indicating strong market liquidity and participation.
Technical indicator analysis shows that LINK recently broke through the 100-day volume-weighted moving average (VWMA), with an increase in trading volume, suggesting that the market may be in a strong state. However, there is a significant resistance area near the current price (such as $30), and an effective breakthrough could trigger further increases.
Fundamentally, LINK's core value lies in its decentralized oracle network, providing reliable off-chain data inputs for smart contracts. This foundational technology is widely used in the DeFi ecosystem and has attracted partnerships with traditional financial institutions such as SWIFT, providing potential support for its long-term growth.
Combining short-term market performance with fundamental factors, the following strategies can be considered:
1. Short-term strategy:
If the price continues to stabilize above $15, consider building positions near support levels (such as $14.5-$15) in batches.
Set a stop-loss level (below $14) to avoid significant losses due to market fluctuations.
After the price breaks through recent highs (such as $16), increase positions in line with the trend and pay attention to resistance levels (such as $18).
2. Long-term strategy:
Considering LINK's potential in DeFi and traditional financial collaborations, position at lower levels during corrections (such as below $14).
Monitor LINK's development in broader applications (for example, progress in collaboration with SWIFT), as this will be key to its price performance in the medium to long term.