【Crypto World】The recently announced cryptocurrency index jointly launched by Nasdaq and CME Group shows that Chainlink(LINK) has successfully been included alongside Bitcoin and Ethereum. Following this news, LINK’s price adjusted to the key level of $13—an important imbalance zone where there is often repeated testing.
From on-chain data, recent token trading volume has surged by 5%, which is a noteworthy signal. Generally, an increase in volume combined with prices holding at support levels indicates that the market is executing tactical arrangements, with some gradually adjusting their positions.
If LINK begins a rebound from $13, the next focus will be around $15. Data shows there is $1.32 million in liquidity stacked at that level, which is not a small figure. Once the momentum of LINK’s rebound becomes strong enough, this zone will naturally become a short-term target. In other words, $13 is the bulls’ staging point, and $15 is the next key target.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
9 Likes
Reward
9
5
Repost
Share
Comment
0/400
DaoTherapy
· 01-10 21:44
Nasdaq CME endorsement, LINK finally sits at the same table with BTC and ETH. This narrative can indeed be promoted. The 13-dollar level must be held, or it will be awkward.
View OriginalReply0
StableGeniusDegen
· 01-10 21:36
Nasdaq has already given the green light, how much more can LINK drop? Just wait for 13 to bottom out, and it's all over.
View OriginalReply0
CafeMinor
· 01-10 21:31
Nasdaq and CME's recent moves seem to be paving the way for LINK... Whether the $13 support is solid depends on trading volume. With $1.32 million in liquidity stacked at $15, it will be interesting if a rebound happens.
View OriginalReply0
MetaNomad
· 01-10 21:26
Nasdaq has already called it out. Can it still break at 13? This time is a bit different; the increased trading volume clearly indicates that someone is buying.
View OriginalReply0
GateUser-00be86fc
· 01-10 21:22
Nasdaq has already called it out, and LINK still isn't rising? The $13 support level must hold, or else you'll have to cut losses again.
Is LINK about to break through? Nasdaq CME new index assists, focus on the $13 support level
【Crypto World】The recently announced cryptocurrency index jointly launched by Nasdaq and CME Group shows that Chainlink(LINK) has successfully been included alongside Bitcoin and Ethereum. Following this news, LINK’s price adjusted to the key level of $13—an important imbalance zone where there is often repeated testing.
From on-chain data, recent token trading volume has surged by 5%, which is a noteworthy signal. Generally, an increase in volume combined with prices holding at support levels indicates that the market is executing tactical arrangements, with some gradually adjusting their positions.
If LINK begins a rebound from $13, the next focus will be around $15. Data shows there is $1.32 million in liquidity stacked at that level, which is not a small figure. Once the momentum of LINK’s rebound becomes strong enough, this zone will naturally become a short-term target. In other words, $13 is the bulls’ staging point, and $15 is the next key target.