#Chainlink has been quietly building during this bear market.
💥As evidenced by the increasing number of active developers working on the #LINK project seen in the illustration.
💥Despite market uncertainty, the developer activity on #LINK remains strong
💥As evidenced by the increasing number of active developers working on the #LINK project seen in the illustration.
💥Despite market uncertainty, the developer activity on #LINK remains strong
#Chainlink has launched a new developer platform called Functions, aiming to connect web3 apps with traditional cloud software.
The price of #ChainLink moves in an ascending channel. 2 movement paths can be considered for the price. The price may drop to the support of $11.660 - $12.080 or the price may grow again to the top of the channel.
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In contrast to the decrease in the price of many crypto currencies in the last few days, #ChainLink has not only not decreased, but has also grown a bit.
After breaking the resistance, the price increased by more than 20% and now it has reached the resistance level of $16.8-$17.9 . This level is very important and if the price can break it, can continue to grow up to $20.
After breaking the resistance, the price increased by more than 20% and now it has reached the resistance level of $16.8-$17.9 . This level is very important and if the price can break it, can continue to grow up to $20.
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It seems that we have an upward channelized trend on the #ChainLink 🔹 chart . Currently, the ceiling of the RSI negative divergence channel has also been issued.
If the pattern bottom supports the price again, the price will rise to $20.0.
If the price breaks out of the pattern, it will drop to the support level of $15.10-16.0. This level is a strong demand area, so the probability of the price returning to this level is high.
The support area of $ 17.5 is still preserved.
Provided that this support area and the upward trend line are maintained, there is a high possibility of forming an upward trend similar to the drawn upward scenario.
in case of breaking the upward trend line and losing the support range of $17.5. The downside scenario is more likely.
If the pattern bottom supports the price again, the price will rise to $20.0.
If the price breaks out of the pattern, it will drop to the support level of $15.10-16.0. This level is a strong demand area, so the probability of the price returning to this level is high.
The support area of $ 17.5 is still preserved.
Provided that this support area and the upward trend line are maintained, there is a high possibility of forming an upward trend similar to the drawn upward scenario.
in case of breaking the upward trend line and losing the support range of $17.5. The downside scenario is more likely.
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