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Ethereum is struggling to gain momentum against Bitcoin, currently facing resistance at 0.0450 and 0.0500. Despite a minor recovery above 0.0350, the bearish trend persists, with potential declines if support at 0.0320 fails. A close above 0.050 could signal a medium-term reversal, targeting 0.0585 and beyond.
Chainlink (LINK) is experiencing bullish momentum, maintaining its price above $25 amid rising adoption, including seven new integrations across various blockchains. The price is consolidating between key resistance levels, with potential to reach $30 if it breaks through significant barriers at $26.46 and $27.25. The support zone at $22.48 is expected to absorb selling pressure, reinforcing the bullish outlook.
By 2025, Lightchain AI and Chainlink (LINK) are set to redefine the blockchain landscape. Lightchain AI, with its innovative Proof of Intelligence consensus and AI Virtual Machine, aims to disrupt various industries, while Chainlink continues to dominate the oracle space, leveraging its established partnerships and proven use cases. The competition between these two technologies could significantly shape the future of decentralized systems.
Ethereum whales are indicating a significant shift in the market, suggesting that the DeFi blockchain is gaining substantial momentum. This trend could have far-reaching implications for the cryptocurrency landscape, as large investors reposition their assets.
Bitcoin's price briefly fell below $92,000, marking a 10% decline from its all-time high of $104,000, leading to over $1 billion in liquidations within 24 hours, primarily from long positions. However, it quickly rebounded to $96,500, indicating strong demand despite market volatility. Altcoins like Solana, Ethereum, and Dogecoin also showed resilience, recovering swiftly after the dip.
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