Coinbase-Backed Cryptocurrency Project Hit by Hack Attack, This Altcoin's Price Dropped!
Hacking Incident: Truflation, a cryptocurrency project backed by Coinbase Ventures, was hacked resulting in the theft of over $5 million from its treasury and personal wallets, with no customer funds compromised.
Market Impact: Following the breach, the price of Truflation's native token TRUF dropped by 15% but has since partially recovered, trading at $0.078 at the time of reporting.
Get Real-Time Alerts for Any Crypto Movement
Technical Analysis for LINK
Technical Sentiment Analysis for Chainlink (LINK). As of , Chainlink (LINK) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 5 technical signals, shows that 2 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for LINK stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.
Support, Resistance & Moving Averages. From a structural perspective, LINK is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Chainlink (LINK) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 6.038 | 6.557 | 7.138 | 7.657 | 8.238 | 8.757 | 9.338 |
| Fibonacci | 6.557 | 6.977 | 7.237 | 7.657 | 8.077 | 8.337 | 8.757 |
About LINK
About the author
