Key point:

At the top of Rwa Cannes, Nelli Zaltsman, head of innovation in the field of blockchain of blockchain, said that decentralized finances and established finances coincide quickly. A bank giant, chain (link) and Ondo Finance (ONDO) have recently completed a test delivery test compared to payment (DVP), including the allowed payment network and public testnet.

Can established market institutions connect higher? Let’s analyze the charts to find out.

Link price programs

The link consolidates to a enormous extent from 10.94 to 18 USD over the past few months.

A pair of link/USDT has increased a resistance of 18 USD, which will probably attract powerful sales through bears. If the price drops from USD 18, but it will find support at a 20-day interpretation average (USD 14.85), shows a positive sentiment. This increases the ability to break above USD 18. If this happens, the pair will fill the double bottom pattern, which has a target $ 25.06.

Instead, if the price drops rapidly from USD 18 and breaks below 20-day EMA, it signals that the range associated with the range can last a few more days.

Related: XRP will reach market capital for the first time $ 200 billion; The price is approaching the record

Bulls arrested withdrawal on 20 on a 4-hour table, which indicates that every minor drop is bought. The couple can reject from USD 18, but the reflection with 20 suggests that the buyers remain under control. This increases the perspectives of the break above the resistance above the head.

This positive view will be annulled in the near future if the price drops rapidly and breaks below 50-shaft Aphice. The couple may then break down to USD 14.70, and then to $ 14.

This article does not contain investment advice or recommendations. Each investment and commercial movement involves risk, and readers should conduct their own research when making decisions.