New Change FX or NCFX is a fintech company specializing in providing price transparency to a fragmented FX market. So they have recently announced that they will deliver traditional financial market data on Blockchains by the data oracle service of Chainlink. Currently, the bulls of Chainlink are defending the 40 dollars support level, and USD or LINK is trading at 40.53 dollars.
The rate of return for LINK is amazing, and it is rising by over 200 percent from the beginning of this year. However, the prices fell at the end of the last month ( March). Don’t worry, and LINK has already gained its upward momentum again. The price of the Chaink is specifically bullish as it set an amazing 42 dollars record-high
LINK/USD’s transaction price is higher than any Exponential Moving Average ribbon. So both the upward sloping moving average and the bullish MACD also indicate that bulls dominate the market completely.
According to the latest statistics, the RSI or Relative Strength Index has reversed its way after being in the overbought zone. So it suggests that the LINK will consolidate before starting the upward momentum. After having a slight pullback, LINK’s upward trend may open a speedy upward channel.