Futures
Access hundreds of perpetual contracts
TradFi
Gold
One platform for global traditional assets
Options
Hot
Trade European-style vanilla options
Unified Account
Maximize your capital efficiency
Demo Trading
Futures Kickoff
Get prepared for your futures trading
Futures Events
Join events to earn rewards
Demo Trading
Use virtual funds to experience risk-free trading
Launch
CandyDrop
Collect candies to earn airdrops
Launchpool
Quick staking, earn potential new tokens
HODLer Airdrop
Hold GT and get massive airdrops for free
Launchpad
Be early to the next big token project
Alpha Points
Trade on-chain assets and earn airdrops
Futures Points
Earn futures points and claim airdrop rewards
Chainlink (LINK) bounced off the 20-day EMA ($23.72) on Jan. 23, indicating that the bulls are buying on dips.
LINK/USDT daily chart. Source: Cointelegraph/TradingView
The upsloping 20-day EMA and the relative strength index in the positive zone suggest that the path of least resistance is to the upside. Buyers will try to push the price above $27.21, opening the doors for a rally to $30.94.
This positive view will be invalidated in the near term if the price turns down sharply and breaks below the moving averages. That could sink the LINK/USDT pair to $22 and then to the solid support at $20.#Weekend Market Analysis #Gate.io Has Officially Partnered with Oracle Red Bull Racing