ChainLink (LINK) is one of the digital assets that has strongly resisted the red paint on Bitcoin (BTC) and most of the cryptocurrency market.
Tokens for decentralized Oracles Network Chain Links It is negotiated with a 2% increase every week. It’s not bad for a market that has shown weaknesses with most digital assets over the same period.
The following graph shows the prices for links from August 2024 onwards.
For Altcoin Vector’s Specialists, a SwissBlock analytics firm, “Link has remained solid in front of bearish pressure and has never lost that impulse, making it one of the great capitalisation assets with top performance.”
In that sense, analysts emphasize that the link surpassed the $30 barrier between the end of November and the beginning of December. It was an “explosive and unstable” movement.
The situation is now different as the impulses from July to August are “more structured and harmonious.” This represents a healthy and elegant composition of the asset. “As the market stabilizes, the link path to a $30 resistance seems obvious,” they emphasized.
This analysis is based on impulse indicators developed by SwissBlock, which measures the strength and orientation of asset trends. As the metric approaches +1 (blue), it reflects strong purchasing pressure supporting upward movement. At values close to 0, the market remains neutral without clear direction. – Proves greater sales pressure and potential for falls while approaching -1 (red).
At the bottom of the next graphic, Link’s impulse has been observed to be positive (0.41) And it coincides with that price rise (shady area).
As you can see, in November, the price and impulse have a very high and sharp peak (about $31, about 1) and then falls shortly afterwards. July to August The price rose to $25.8 on an impulse of 0.41, without such a prominent peak or immediate waterfall.
For this reason, analysts talk about “structured” movements (gradual changes) and “harmonious” (no confusing vibrations).
Currently, the ecosystem is immersed in the narrative of trends, which partially explains the performance of good links: tokenization of real-world assets (RWA).
In this regard, analyst Milescher says the link is positioned “as one of the clearest options to make profits in this market cycle.”
As reported by Cryptootics, total block values (TVLs) for RWA have grown from 1,000 to over $13000 million over the past two years. It is one of the best market niches.
According to Deutscher, the interest of large institutions is due to the limitations of traditional systems such as Swift and the need for a unified infrastructure to reduce fragmentation. This drove the giants Black Rock, which is resistant to tokenizationcompanies like Stripe and Circle already building their own networks.
In the face of this diverse scenario, ChainLink is positioned as a “connector” that encourages traditional assets such as actions, bonds, and products to interoperate in a distributed environment through Oracle technology.
This not only strengthens its role within the ecosystem, it could lead to greater demand for links, and could also promote prices as system adoption increases.
