Key point:
At the top of RWA, Cannes, Nelli Zaltsman, chief of innovation of Jpmorgan Kinexys, said that decentralized finance and traditional finance quickly converge. The banking giant, ChainLink (Link), and Ondo Finance (ONDO) recently completed a cross -delivery test transaction (DVP), involving an authorized payment network and a public test test.
Do traditional institutions move the onchain to propel the bond above? Let’s analyze the graphics to discover it.
Link price prediction
Link has consolidated in a large range between $ 10.94 and $ 18 in recent months.
The Link / USDT pair has increased near the resistance to general costs of $ 18, which is likely to attract strong sales by the Bears. If the price drops by $ 18 but finds support for the exponential mobile average of 20 days ($ 14.85), it shows a positive feeling. This increases the possibility of a break above $ 18. If this happens, the pair will complete a double -bottomed model, which has a target target of $ 25.06.
Instead, if the price drops sharply by $ 18 and breaks below the 20 -day EMA, it indicates that the action linked to the beach could continue for a few more days.
In relation: XRP is about to strike the market capitalization of $ 200 billion for the first time; The price is approaching
The Bulls stopped the decline at 20 EMA on the 4 -hour table, indicating that each minor hollow is purchased. The pair could go from $ 18, but a rebound in the 20 EMA suggests that buyers remain in control. This improves the prospects for a break over the resistance to general costs.
This positive view will be invalidated in the short term if the price drops sharply and breaks below the 50 single mobile average. The pair can then fall to $ 14.70 and later at $ 14.
This article does not contain investment advice or recommendations. Each investment and negotiation movement involves risks and readers should conduct their own research when they make a decision.
