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April 04, 2023
Chainlink trades at $7.34 after gaining $0.108 (1.5%).
- Chainlink is currently trading at $7.34 following the release of JOLTs Job Openings (Feb) data from the United States.
- Today's gains follow 5 days of flat trade
United States JOLTs Job Openings (Feb) came out at 9.93 million, while a consensus of analysts was expecting 10.4 million. United States ISM Manufacturing PMI (Mar) released yesterday at 14:00 UTC with a figure of 46.3, while the previous figure was 47.7.
Chainlink USD made an initial breakout above its 10 day Simple Moving Average at $7.24, a potential indicator of a newly emerging bullish phase. Fibonacci-focused traders would be interested to note that Chainlink is oscillating around the key Fibonacci resistance level of $7.3. On the other hand, note that Chainlink's upper Bollinger Band® is at $7.63, this is a slight indication of a slowdown. Chainlink broke through the $7.35 resistance and climbed 1 cents above it.
Overall, looking at the technical analysis landscape, it seems Chainlink likely to continue pointing upward in the short term.
United States Crude Oil Inventories is projected to outperform its last figure with -1.8 million. It previously stood at -7.49 million; data will be released tomorrow at 14:30 UTC. United States ADP Nonfarm Employment Change (Mar) is expected tomorrow at 12:15 UTC.
FTX Token is up 9.54% to $1.36. Ethereum ascends 2.69% to trade around $1,858. MaticNetwork USD is up 2.7%.
Chainlink has shed $10.34 points and is languishing 58.85% lower over the past year, leaving its yearly highs around $17.5 in the rear-view mirror.
