Chainlink is encountering significant market events: support testing for LINK/BTC and inclusion in the Hashdex Nasdaq Crypto Index US ETF.
LINK/BTC Support Testing
Chainlink (LINK) is testing a support level around 0.0001700 BTC, serving as a crucial base for potential reversal. Resistance for a breakout lies at approximately 0.0004480 BTC. A potential price rise of 419.89% is possible upon a successful breakout.
LINK/ETH Price Action
The LINK/ETH chart shows signs of a possible breakout, with the price showing potential to reach 0.010000 ETH, supported by RWA/Oracle cycles and development on the Chainlink network.
Chainlink in Hashdex ETF
Chainlink (LINK) will be added to the Hashdex Nasdaq Crypto Index US ETF as one of its largest holdings, emphasizing Chainlink's value for Oracle services and potentially boosting its market valuation.
Chainlink's observed market movements and recent ETF inclusion indicate significant shifts in investment strategies and may influence the token's price.
