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The corrective waves turned out to be too deep, the exchange rate fell all the way down to $18, which is 61.8% Fibonacci, but due to the rapid reversal, the trend change was not fixed. The appearance of bullish engulfing allowed for a rapid rise to $27.2. There are 4 peaks, but they will not lead to a reversal, probably there will be an expanding uptrend, as indicated by the signal from the Vumanchu.🔥
Ripple adopts the Chainlink standard to expand the utility of RLUSD and access DeFi.
Earlier, well-known analyst Jelle shared X technical analysis, according to which Chainlink overturned a key resistance level into support. Such a structural shift often precedes significant growth.
Third-party analysts: on the chart, a breakout of the $26 level is expected after a downtrend, with potential movement towards $30. Their forecast is also based on indicators: Awesome Oscillator (AO), indicating an increase in buyer strength, and Chaikin Money Flow (CMF), indicating an influx of funds.
Trader Ali Martinez predicts the growth of Chainlink.