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HomeEthereumEthereum, SAND, Chainlink Price Analysis: 26 December

Ethereum, SAND, Chainlink Price Analysis: 26 December

Last week, Ethereum and Chainlink showed a reasonable recovery while hitting a two-week high on December 24th. Ethereum seems to hold the $ 4,000 mark and now strives to test its immediate resistance.

SAND touched a three-week high on December 26, after forming an ascending wedge pattern.

Ethereum (ETH)

TradingView, ETH / USD

Over the last nine days, ETH has oscillated in the upchannel (white) and has regained support for the significant $ 4000 mark.

ETH rose almost 11.9% (from the low on 17th December) and hit a two-week high on 25th December. The Bulls were able to maintain a price of over $ 4000 Bears have been tested twice in the last two days.

Larry continued to find resistance with a $ 4,156 mark that matched the upper channel (white) and 200-SMA (green). Currently, immediate test support was at the $ 4,000 level.

At the time of press, ETH traded at $ 4,038. The RSI After hitting 66 points, a pullout was seen and shook near the 48 mark.However OBV It did not correspond to the uptrend. Also, the strength of ETH’s broader direction is ADX..

Sandbox (SAND)

TradingView, SAND / USDT

Since December 5th, SAND has fallen to the down channel (yellow) on the 4-hour chart. When the bull tested the upper channel multiple times, he eventually saw a down channel breakout.

The SAND Bulls regained significant $ 6.03 support after forming an ascending wedge (green, inverted pattern), surpassing 38.2% Fibonacci resistance. As a result, it hit a three-week high on December 26th.

Now, 61.8% Fibonacci I stood as a strong resistance. For a breakdown from here, you’ll see test support near the $ 6.03 level.

At the time of the press, alt traded at $ 6.7141 after noting a 24-hour rise of 7.35%. The RSI At the 71 mark, it showed a bullish bias. Given the threat of overbought RSI and the reversal pattern, it is not surprising to witness a short-term setback.

Chain link (LINK)

TradingView, LINK / USDT

After witnessing the collapse of the bearish rising wedge on December 9, pricing behavior has been transposed on the down channel, testing immediate support for nearly $ 17.7 almost seven times over the past 13 days. However, Altcoin has recorded a 29.68% slope from its December 15 lows in the last 11 days.

During this phase, LINK Double bottom I saw the expected breakout on that 4-hour chart. therefore, Super trend Continued to flash the buy signal.

At present, resistance at the $ 22.2 level stood as a test point before further rises. At the time of the press, LINK was trading at $ 0.0. The RSI It shook near the 63 mark, hinting at a bullish taste. also, DMI He liked bulls and resonated with the bullish momentum.

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