CHAINLINK Token Report – 21st July’23

Chainlink serves as a blockchain abstraction layer, facilitating seamless connectivity for smart contracts across various platforms. By employing a decentralized oracle network, Chainlink ensures secure interactions between blockchains and external data feeds, events, and payment systems

Chainlink(LINK) is ranked #20 with a market capitalization of nearly $4.4 billion. The current market price of the token is 8.16 USDTThe LINK/USDT price surged to nearly 21% in the last 24 hours, one of the largest single day gains in over 2 years. On the daily time-frame, the LINK chart is on the verge of breaking above the descending trendline with a build up in trading volume. The next resistance is expected at 8.75 USDT and an immediate support is expected at 7.64 USDT.

MintingM Rating – 4.5/5