Latest news with #LINK
Yahoo
10 hours ago
- Business
- Yahoo
Chainlink's LINK Stages V-Shape Recovery After 14% Plunge
Chainlink LINK, the oracle network that helps bridging blockchain networks with external data, experienced significant price volatility in recent trading, recovering from a sharp 14.4% correction after finding strong support at $13.58. The recovery gained momentum through consecutive higher lows, potentially pointing to accumulation at lower levels. However, bitcoin's BTC performance will likely dictate the next major move for altcoins such as LINK. LINK rose 1.4% over the past 24 hours in line with the price action of the broader digital asset market. The crypto market benchmark CoinDesk 20 Index was up 1.1%. Technical Indicators Point to Continued Strength: LINK experienced a sharp 14.4% correction from $13.972 to $13.557, followed by a strong recovery with high-volume support at $13.582. Notable resistance emerged at $13.960-13.970, where selling pressure intensified twice during the trading session. At 10:00 UTC, price action marked a decisive breakout with the highest volume of the period (1,061,645 LINK). A new trading range established between $13.800-13.950, indicating potential continuation of the uptrend if volume remains supportive. V-shaped recovery pattern formed with strong buying at the $13.785-13.790 support zone. The $13.830-13.840 range now establishes itself as a potential new support zone for continued upward movement. Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
RNZ News
a day ago
- Business
- RNZ News
Demand for buying businesses grows steadily
ABC's Chris Small says business sales are counter-cyclical to unemployment. Photo: Sun Media High unemployment and a lack of available job opportunities are helping to drive buyer demand for businesses. Buyer demand for New Zealand businesses was steadily increasing, with large business brokerage firm LINK reporting record levels of buyer engagement. LINK national business development manager Steve Matthews said it recorded a 19 percent year-on-year increase in would-be buyers signing confidentiality agreements. "This is a clear signal of growing intent among buyers, even in sectors where economic conditions have traditionally made sales harder to achieve," he said. "We're seeing owners move from thinking to acting." ABC Business Sales said it completed a record 410 sales in the year ended March, with another record-breaking 42 sales last month. ABC managing director Chris Small said business sales were counter-cyclical to unemployment, with people looking to buy themselves a job, when employment opportunites dry up. "So that's that's really what the trend is at the moment. More deals than ever. Lot of people looking," he said. "But what we are missing is a lack of stock." He said listings were down 10 percent, while the number of buyers was up 30 percent.
Yahoo
30-05-2025
- Business
- Yahoo
Chainlink Price Prediction - What could affect LINK's future price?
Chainlink price prediction factors into current mixed signals: while bullish institutional adoption supports growth, technical resistance and macroeconomic risks persist. Traders are watching the $14 level as a critical short-term pivot for LINK's next move. - Institutional adoption (SWIFT, JPMorgan, Solana CCIP) fuels demand. - Technical setup tests key support at $14; failure risks drop to $13.22. - Macro risks (Fed policy, BTC dominance) threaten altcoin liquidity Chainlink's Cross-Chain Interoperability Protocol (CCIP) went live on Solana on May 19, unlocking access to $18B+ in assets and enabling cross-chain DeFi growth. Partnerships with JPMorgan (tokenized asset transactions) and endorsement by the World Economic Forum (Chainlink) as a cross-chain standard strengthen its institutional foothold. However, a May 29 oracle glitch caused $532K in user losses, briefly eroding trust before Coinbase adopted Chainlink's Proof of Reserve system for $4.6B in cbBTC reserves. LINK trades at $14.41, below the 200-day EMA ($15.74) and testing Fibonacci support at $14.22. Key levels:- Bullish: A hold above $14 could trigger a cup-and-handle breakout toward $18-19 (AMCryptoAlex).- Bearish: A breakdown below $14 risks a drop to $13.22 (May 30 low) or $10.12 (CoinCodex correction forecast).The MACD histogram (-0.176) and RSI (45.95) show weak momentum, but whale transactions surged 299% to $101M on May 30, hinting at accumulation. Bitcoin's 63% dominance and the Crypto Fear & Greed Index (61/Greed) suggest capital remains risk-averse. Upcoming U.S. core PCE data (May 30) and Fed rate decisions could pressure altcoins if inflation stays sticky. Regulatory clarity for tokenized assets (favored by Chainlink's TradFi integrations) might offset downside. Chainlink's price hinges on holding $14 to capitalize on DeFi growth via CCIP and institutional demand, while macro headwinds and technical resistance pose near-term risks. Will Bitcoin's dominance retreat before Chainlink's partnerships translate into sustained LINK buying pressure? Chainlink price prediction remains mixed as traders are bearish short-term due to a critical oracle glitch and $703M in market liquidations, but long-term bulls highlight Chainlink's institutional adoption and technical rebound potential. - Oracle malfunction caused $532k losses, sparking reliability concerns and a 7.77% price drop. - Whale activity surged 299% ($101M moved), signaling institutional moves amid volatility. - Technical analysts debate $13.86 support vs. $16 resistance for a potential short squeeze. Bearish sentiment dominates short-term discussions after a Chainlink oracle update glitch on May 30 triggered $532k in liquidations, dropping LINK to $14.33 (-9.58% in 24h). However, long-term holders remain optimistic due to Coinbase's adoption of Chainlink's Proof of Reserve for $4.6B in cbBTC reserves and rising Total Value Secured (TVS), which grew 50% in May to $65B+. Oracle Reliability: The glitch reignited debates about Chainlink's vulnerability in low-liquidity markets, with critics urging protocol safeguards. Whale Moves: A 299% spike in large transactions (6.71M LINK moved) suggests whales are either accumulating or redistributing during volatility. Technical Crossroads: Analysts highlight $13.86 as make-or-break support. A hold could trigger a short squeeze toward $17.40, while a breakdown risks $12.70. CryptoELITES (bullish): Links Chainlink's rising TVS and partnerships (SWIFT, JPMorgan) to long-term upside, targeting $30+. Alphractal (neutral): Notes long liquidations last week but sees potential for rapid recovery if LINK stabilizes above $14. CoinCodex (cautious): Predicts a possible 32% correction to $10.12 if LINK fails to reclaim $16. Chainlink faces a credibility test after its oracle glitch, but its institutional traction and oversold technicals leave the door open for a rebound. Will $13.86 support hold, or will macro headwinds push LINK toward $12? To get the latest update on LINK, visit our Chainlink currency page. Content created: 30th May 2025 Disclaimer: Content generated by CMC AI. CMC AI can make mistakes, please DYOR. Not financial advice. Sign in to access your portfolio
Chicago Tribune
23-05-2025
- Entertainment
- Chicago Tribune
Naperville News Digest: Free spay, neuter surgeries, vaccinations available for 80 pets; fan drive aims to help those in need beat the summer heat
Paws for a Cause Vet Care is offering 80 pet owners free spay and neuter surgeries, rabies vaccinations and microchipping as part of the Namaste Spay and Neuter Initiative Monday, June 2, at its new Naperville facility, 1620 Bond St. The program is designed to help overcrowded animal shelters and redice the euthanasia of healthy, adoptable pets, organizers said in a news release. Services will be provided to qualifying pet owners, including those receiving LINK benefits, Social Security disability insurance, unemployment, Medicaid, veterans benefits or seniors 62 and older, the release said. The initiative is in collaboration with the Jason Heigl Foundation, which aims to reduce shelter euthanasia through targeted spay and neuter initiatives nationwide. A limited number of appointments are available, and no walk-ins will be accepted. To make an appointment, call 630-961-8000. Customers shopping at area Buikema's Ace Hardware stores can round up their purchases to help fund the purchase of box fans for those in need. Naperville stores are located at 963 W. 75th St., and 1030 N. Washington St. Other participating retailers include the Buikema's Ace stores in Plainfield, Romeoville and Wheaton. The drive will run through Saturday, June 7. Funds donated will stay in the local community and help buy box fans for distribution by The Salvation Army, a news release said. Fans will be distributed to low-income families, seniors and others in need. Last year, about $7,000 was donated by customers in the Chicago area, the release said. To donate, go to A&A Ballet of Chicago will hold auditions for its 'Art Deco Nutcracker' production on Sunday, June 1, at Inspire School of Dance, 24125 111th St., Suite 300, Naperville. Registration to audition for the Art Deco Nutcracker begins at 11:30 a.m. Auditions for children ages 11 to 13 start at noon followed by auditions for those 14 and older at 12:30. Auditions for 7- to 10-year-olds will take place at 1 p.m. and for children 4 to 6 at 1:30 p.m. The audition will include basic dance movements and a combination to be performed in character. No preparation of audition material is necessary. There also will be placement auditions for dancers to take part in A&A Ballet classes at Inspire. Registration for the placement classes begins at 9:30 a.m. June 1 with auditions for 9- to 12-year-olds at 10 a.m. and dancers 13 and older at 11 a.m. The 'Art Deco Nutcracker,' a staple of the A&A company's repertoire since 2016, will be performed in December at the Athenaeum Theater in Chicago, a news release said. For more information, contact info@
New Paper
22-05-2025
- Sport
- New Paper
May 23 South Africa (Fairview) form analysis
Race 1 (1,200m) (1) DANISH DYNAMITE showed signs of inexperience on debut and was beaten by an in-form experienced rival. She should improve and go one better this time. (6) SILVAN MISTRESS appears a difficult ride but is a big danger if things fall into place for her. (2) DARLINGBUDSOFMAY ran in a decent field on debut and can improve and contest the finish this time. (9) ZUMSEE is capable of improvement and could be more competitive this time around. Race 2 (1,200m) (1) WILD APPLAUSE has been a disappointment in that she has yet to win a race but she does look likely to go one better this time for Justin Snaith. (11) STAR OF ELENA has ability. Will be a threat to her elders. (2) CLEVER CANDY has improved at this centre and should contest the finish once again. (3) MIDNIGHT MUSIC showed improvement on local debut. Can do even better this track and trip. Race 3 (1,200m) (9) ELUSIVE BLACK returns from a break and has his first run for trainer Gavin Smith. He has been gelded. If fit and well, he could be better than his rivals. (14) ROYAL KINGDOM has been good so far. Can be in the finish. (1) GREEN OKRA changed trainers. Can be in the finish this time. (2) PYRO EDITION makes his local debut and can make significant improvement. Race 4 (1,200m) (8) SWISS PARADISE quickened nicely to win on local debut. This distance is not really a problem and she can follow up but it is a very open handicap. (4) HUGSANDHIGHFIVES returned to form with a narrow win and is capable of following up. (3) SMASHING and (2) KILMONIVAIG are both in good form and have to be included in all bets. Race 5 (1,000m) (9) SPEED RACER ran well above his rating when chasing home easy and impressive winner Mercantour. He can go one better this time. (1) ANUSCHKA'S WORLD is usually very competitive and should fight out the finish. He does give away chunks of weight to his rivals. (2) EVIES FIRST is unreliable but quite capable of contesting the finish. (3) CLIFF TOP has not won for some time but is always capable of earning some money. Race 6 (1,400m) (3) SILVER FALCON is distance-suited and well drawn. He has not won for a while but can score at any time. (1) MERCANTOUR has improved under the care of trainer Alan Greeff and can follow up on a very easy last win. (6) GOLDEN LINK struggled over further last time but has been at his very best around this distance and is not out of it. (8) DESTINY'S ANGEL needed his last run and could show significant improvement. Race 7 (1,000m) (12) HAPPY HOLLY was a very good juvenile. She has not been as good this year but a return to the turf should bring out the best in her. (7) TRIP TO MAPUTO and (6) KYALAMI GIRL have both made their way from the Western Cape and would not be surprise winners. (5) ELLORIX is also not out of it. Race 8 (1,600m) (6) GOT THE FEVER makes her local debut and could improve. (9) IN THE GREEN ZONE returned to form back on the grass last time and could follow up. (11) COURAGEOUS is also capable of running well. (4) COULDITBE has a winning chance in this line-up.
