The Value of Chainlink (LINK) Dips Amid Global Crypto Correction
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The Value of Chainlink (LINK) Dips Amid Global Crypto Correction and Institutional Moves

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Azeez Mustapha

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The value of Chainlink dips amid global crypto correction and institutional moves. The recent drop in price is part of a wider correction in the cryptocurrency market. Despite this setback, the project retains promising long-term potential. Its vital role in financial services and forthcoming collaborations with major institutions fuels optimism. Sergey Nazarov, a prominent advocate at Chainlink, asserts that blockchain technology will transform global finance.


Sergey Nazarov argues that merging blockchain with traditional systems could unlock a $350 trillion market opportunity. In his role as Chief Architect, he emphasizes that Chainlink facilitates smooth asset migration onto blockchain platforms. Recent data reveals that the U.S. government holds 106,000 LINK tokens valued at roughly $1.7 million. Growing institutional interest supports predictions that digital assets will shape future financial regulations. Market experts believe that these strategic moves will undoubtedly strengthen Chainlink’s position and boost confidence among investors worldwide.

Key Chainlink Levels To Watch – March 10

COINBASE:LINKUSD Chart Image by amiraoluwaseyifunmi

LINKUSD is currently testing a strong demand zone around $12.70, signalling a potential reversal to the upside. The RSI (Relative Strength Index) is near oversold territory, suggesting buyers could step in soon to push prices higher.

A breakout above $14.80 and the descending trendline could trigger a rally toward $19.60 and possibly $22.00. As long as the price holds above the order block, bullish momentum remains intact for a significant upward move.

LINK Key Levels

Resistance Levels: $22.00, $26.00, $31.00
Support Levels: $16.30, $12.70, $8.10

LINK METRICS
Total Market Capitalization: $2.65T

Chainlink Market Capitalization: $8.30B
Chainlink Volume: $728.30M
Market Rank: #14

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