0R15 8432.9941 0.3331% 0R1E 7697.9961 -2.8767% 0M69 None None% 0R2V 220.12 9997.2477% 0QYR 1224.0 -0.6897% 0QYP 408.94 -0.0147% 0RUK 2670.0 -8.6242% 0RYA 1370.0 9.6% 0RIH 162.15 0.0% 0RIH 156.61 -3.4166% 0R1O 173.7 9825.7143% 0R1O None None% 0QFP 10659.5596 111.4992% 0M2Z 282.6 2.979% 0VSO 27.48 -22.8198% 0R1I None None% 0QZI 512.5 -2.1947% 0QZ0 220.0 0.0% 0NZF None None% 0YXG 153.89 -0.7737%

Crypto Report

One Cryptocurrency Sustaining Above the Support Levels- Chainlink (LINK)

Jun 13, 2024

LINK
Investment Type
Crypto
Risk Level
Action
Rec. Price (US$)

Crypto Market Round-Up

Typically, cryptocurrencies are termed as digital currencies and use blockchain technology to record every transaction. Chainlink (LINK) is a decentralized cryptocurrency founded in 2017 which enables transactions through an oracle network. The Chainlink network is run by a huge open-source community, such as data providers and developers, which help technology interact securely with external data feeds. LINK has a market capitalization of ~USD 9.17 billion (as per TradingView as of June 13, 2024).

Last week, the benchmark S&P Cryptocurrency Broad Digital Market (BDM) Index started on a positive note and maintained a bullish momentum for the entire week. The index advanced by 48.87 points (~1.04%) to 4765.82 for the week ending June 07, 2024. In the current week starting June 10, 2024, the index is trading with negative momentum. Moreover, other major cryptocurrencies, such as Bitcoin and Ethereum, are witnessing bearish momentum for the current week.

Having understood the S&P Cryptocurrency BDM Index movement over the last week and the scenario for the upcoming week, one crypto that seems ‘Bullish’ at the current level appears to be Chainlink (LINK) based on the below technical parameters: -

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