Altverse and Chainlink partnered together in the Build Program to promote decentralized identity adoption. The announcement about the recent partnership between Altverse and Chainlink was made official by Altverse. The main goal of the partnership was to solve security problems and enhance user control in a decentralized world.
An additional benefit of the partnership is the increased opportunity for users to interact with decentralized applications. Owing to the recent partnership, a major advantage will be the first-class support from both the Chainlink ecosystem and the Altverse community. This could eventually foster an appreciation of the value of LINK in the long run.
Key Chainlink Levels To Watch – May 7
The market’s order flow is bullish. However, the price is in a correction phase to the downside, according to the MACD indicator. The bullish trend began after the rejection of the price at the $5.390 support. As the price expanded upward, a bearish order block at $7.900 caused a major retracement to the downside.
Owing to the bullish market environment, the price was unable to invalidate the long-term low of $5.390. However, the diagonal support was broken due to selling pressure from the bearish order block. According to the MACD indicator, the price might keep heading into the 79.0% Fibonacci level before the bullish trend is finally resumed.
Chainlink Key Levels
Resistance Levels: $8.800, $9.510, $11.420
Support Levels: $6.750, $5.900, $5.390
Total Market Capitalization: $1.19T
Chainlink Market Capitalization: $3.61B
Chainlink Volume: $0.15B
Market Rank: #19
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