CoinInsight360.com logo CoinInsight360.com logo
America's Social Casino

ZyCrypto 2025-05-02 19:42:50

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.

Loe lahtiütlusest : Kogu meie veebisaidi, hüperlingitud saitide, seotud rakenduste, foorumite, ajaveebide, sotsiaalmeediakontode ja muude platvormide ("Sait") siin esitatud sisu on mõeldud ainult teie üldiseks teabeks, mis on hangitud kolmandate isikute allikatest. Me ei anna meie sisu osas mingeid garantiisid, sealhulgas täpsust ja ajakohastust, kuid mitte ainult. Ükski meie poolt pakutava sisu osa ei kujuta endast finantsnõustamist, õigusnõustamist ega muud nõustamist, mis on mõeldud teie konkreetseks toetumiseks mis tahes eesmärgil. Mis tahes kasutamine või sõltuvus meie sisust on ainuüksi omal vastutusel ja omal äranägemisel. Enne nende kasutamist peate oma teadustööd läbi viima, analüüsima ja kontrollima oma sisu. Kauplemine on väga riskantne tegevus, mis võib põhjustada suuri kahjusid, palun konsulteerige enne oma otsuse langetamist oma finantsnõustajaga. Meie saidi sisu ei tohi olla pakkumine ega pakkumine