Home Fear & Greed Pools Wallets Dictionary Advertise Facebook Twitter Telegram Reddit Youtube
Market Cap:
24h Vol:
Cryptocurrencies: 13285
Markets: 101340
CoinInsight360.com logo CoinInsight360.com logo
ENG
EST
RUS
TUR
DEU
CHI
KOR
ITA
USD
USD
AED
AFN
ALL
AMD
ANG
AOA
ARS
AUD
AWG
AZN
BAM
BBD
BDT
BGN
BHD
BIF
BMD
BND
BOB
BRL
BTN
BWP
BYN
BZD
CAD
CDF
CHF
CLF
CLP
CNH
CNY
COP
CRC
CUC
CUP
CVE
CZK
DJF
DKK
DOP
DZD
EGP
ERN
ETB
EUR
FJD
FKP
GBP
GEL
GHS
GIP
GMD
GNF
GTQ
GYD
HKD
HNL
HRK
HTG
HUF
IDR
ILS
IMP
INR
ISK
JMD
JOD
JPY
KES
KGS
KHR
KMF
KPW
KRW
KWD
KYD
KZT
LAK
LBP
LKR
LRD
LSL
LYD
MAD
MDL
MGA
MKD
MMK
MNT
MOP
MRU
MUR
MVR
MWK
MXN
MYR
MZN
NAD
NGN
NIO
NOK
NPR
NZD
OMR
PAB
PEN
PGK
PHP
PKR
PLN
PYG
QAR
RON
RSD
RUB
RWF
SAR
SBD
SCR
SDG
SEK
SGD
SHP
SLL
SRD
SSP
STD
STN
SVC
SYP
SZL
THB
TJS
TMT
TND
TOP
TRY
TTD
TWD
TZS
UAH
UGX
UYU
UZS
VES
VND
VUV
WST
ZAR
ZMW
ZWL
America's Social Casino

Market Cap
24h Vol
13285
Cryptocurrencies
63.83%
Bitcoin Share
ZyCrypto 2025-05-02 19:42:50

Chainlink’s Inverse Head and Shoulders Pattern Triggers Hope About a Momentum Shift

Chainlink’s Inverse Head and Shoulders Pattern Triggers Hope About a Momentum Shift

Having gained fame as a blockchain abstraction layer that allows the connection of universal smart contracts, Chainlink (LINK) is eyeing a trend change. According to market analyst Ted Pillows , “LINK’s inverse head and shoulder pattern. Utility tokens are gaining momentum, so Chainlink will most likely continue to show strength. If it manages to break the $16-$16.5 range, expect a 25%-30% pump by the 1st week of May.” Source: Ted Pillows The inverse head-and-shoulders pattern is a bullish reversal formation that illustrates a downtrend is nearing its end. Therefore, it shows that buyers are gaining control at the expense of sellers. Renowned crypto analyst Michael van de Poppe also shared similar sentiments that Chainlink was gearing up for a multi-month upwards trend if it smashed the resistance at $15. Source: Michael van de Poppe Per CoinGecko data , Chainlink was hovering around $14.74 at the time of writing, representing a 15.7% increase in the past two weeks. With LINK being a stone’s throw away from the psychological price of $15, a major resistance zone, time will tell whether this area will be breached in the short term for intensified bullish momentum. Nevertheless, since a potential momentum shift is already making waves, Chainlink continues to witness positive on-chain metrics. For instance, Chainlink’s daily trading volume is up 17.73% to hit $346.97 million, illustrating heightened market activity and liquidity. Meanwhile, Cardano founder Charles Hoskinson recently revealed ongoing efforts to integrate major blockchain systems, such as Chainlink, to expand the network’s use case and reach.

Most Read News

Moralis Money
Market Cap
24h Vol
63.83%
Bitcoin Share
56
Today News
Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.