Chainlink

<ul><li>Prominent trader Rekt Capital issues a cautionary note, suggesting a potential for significant correction of Chainlink.</li><li>Trader evaluates Ocean Protocol (OCEAN), highlighting a bullish trajectory with a monthly close above $0.47.</li><li>Greyscale Chainlink Trust trades at a 69% premium, indicating strong institutional confidence and bullish sentiments.</li></ul>In a noteworthy turn of events, a prominent crypto trader has issued a cautionary note regarding <a href="https://cryptotale.org/chainlinks-steady-rise-amidst-crypto-market-fluctuations-analysis/" rel="noopener noreferrer nofollow">Chainlink </a>(LINK), a leading blockchain oracle provider, suggesting the possibility of a significant correction. The pseudonymous trader, operating under the name Rekt Capital, shared insights with a substantial following on the X social media platform.<img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/3c1b767a1340464dad0edae224564e4a.png" />Rekt Capital emphasizes the crucial importance of LINK <a href="https://www.coingecko.com/en/coins/chainlink/usd" rel="noopener noreferrer nofollow">closing</a> above the $14.70 level for a potential upward momentum. Presently, LINK is teetering at $14.60, a fraction below the specified resistance level.The trader also delves into the prospects of <a href="https://cryptotale.org/ocean-protocol-ocean-rides-the-waves-of-a-potential-breakout/" rel="noopener noreferrer nofollow">Ocean Protocol (OCEAN)</a>, a decentralized data service akin to LINK, facing potential resistance. Rekt Capital underscores that a monthly <a href="https://www.coingecko.com/en/coins/ocean-protocol" rel="noopener noreferrer nofollow">close</a> above $0.47 for OCEAN would signify a bullish trajectory, with any dips into the green region considered as a retest of the range low.Read full article at <a href="https://cryptotale.org/glink-records-69-premium-as-trader-signals-potential-correction-for-link/" rel="noopener noreferrer nofollow">CryptoTale.</a>

GLINK Records 69% Premium as Trader Signals Potential Correction for LINK

CryptoTale

Other articles published on Nov 28, 2023

ETHW Price Prediction: ETHW Crypto Surpasses $3 Hurdle; What Next?

Cardano (ADA) Price Trend Might Be Decided as Bulls Await Breakout

Dogecoin Surpasses 5 Million Addresses Amid Profitable Streak

Investment Surge in Crypto: The Rising Star TON Coin Attracts Major Funding

Bitcoin’s Bullish Surge to $38,000 Fueled by Fed’s Dovish Outlook!

Part 1 of OpenOcean’s Arbitrum S.T.I.P. Rebates. 50% off gas on Swaps, Limit orders and API Traders!

Join our free newsletter for daily crypto updates!