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Chainlink Reduces Gap With Pi Network After a 11% Weekly Gain
Chainlink (LINK) has been showing mixed technical signals recently, with some indicators turning bearish while others suggest a potential upside ahead. With its price up 11% in the last seven days, Chainlink was on its path to surpass Pi Network in market cap, but this could be delayed for now.
With LINK almost not moving in the last 24 hours, its market cap is currently $10.3 billion, and Pi Network is around $12.7 billion. The upcoming days will be crucial as several technical indicators reach critical inflection points that could determine whether LINK continues its rally or faces a correction.
Chainlink DMI Shows Sellers Took Control
According to Chainlink’s DMI chart, its ADX (Average Directional Index) has decreased from 26 yesterday to 20.46 today. This decline indicates weakening trend strength regardless of direction.
ADX is a component of the Directional Movement Index (DMI) that quantifies trend strength on a scale of 0-100, without indicating direction. Generally, readings above 25 suggest a strong trend, 20-25 indicate a developing trend, and below 20 reflect a weak or absent trend.
Chainlink’s ADX moving from above 25 to just above 20 signals that the previous strong trend is losing momentum and shifting toward a more neutral or ranging market.
The Positive Directional Indicator (+DI) has fallen significantly from 33.3 to 20.1, while the Negative Directional Indicator (-DI) has increased from 14.2 to 21. This crossover, with -DI now exceeding +DI, suggests a potential shift from bullish to bearish momentum.
Combined with the weakening ADX, this technical picture points to a likely bearish reversal or continuation pattern forming for LINK’s price. Traders might anticipate further downside pressure in the near term, though they should monitor for stabilization or reversal signals as the trend weakens.
If ADX continues to decline below 20, LINK may enter a period of consolidation rather than strong directional movement.
LINK BBTrend Is Now Positive After Staying Negative For Several Days
LINK’s BBTrend has now turned positive, reaching 3.69 after remaining in negative territory since March 4. A significantly negative reading of -20 was recorded on February 28.
The BBTrend (Bollinger Bands Trend) indicator is a momentum oscillator that measures the relationship between price and Bollinger Bands to identify trend strength and direction. It calculates how price is moving relative to the Bollinger Bands, which themselves represent standard deviations from a moving average.
When BBTrend is positive, it suggests prices are moving above the middle band and potentially toward the upper band, indicating bullish momentum.
Conversely, negative readings suggest bearish pressure with prices moving below the middle band toward the lower band. The recent shift to a positive 3.69 BBTrend value for LINK could signal emerging bullish momentum after a period of downward pressure.
This reversal, coming after an extended negative period that bottomed at -20, might indicate a meaningful change in market sentiment.
However, traders should confirm this signal with other indicators, as the relatively modest positive reading of 3.69 suggests the bullish momentum is still developing rather than strongly established.
Will Chainlink Go Back To $20 In March?
LINK EMA (Exponential Moving Average) lines are currently trending downward, potentially forming a death cross in the near future.
If this bearish pattern materializes and Chainlink price breaks below the critical support level at $15.79, we could see further downside movement.
In this scenario, LINK might decline to test psychological and technical support levels at $14 and potentially even $13.45, representing significant drops from current prices.
Conversely, the recent positive shift in BBTrend suggests growing buying pressure may be building. If this bullish momentum continues to strengthen, LINK could challenge the immediate resistance at $17.64.
A decisive break above this level would open the path to test higher resistance zones at $19.79 and, subsequently, $22.31. In a strongly bullish scenario where upward momentum accelerates, Chainlink could potentially reach $26.4, which would mark its first time trading above $25 in over a month.
This technical setup presents a clear inflection point for LINK, with convincing breaks of either the support at $15.79 or resistance at $17.64, likely determining the next significant price movement.
Disclaimer
In line with the Trust Project guidelines, this price analysis article is for informational purposes only and should not be considered financial or investment advice. BeInCrypto is committed to accurate, unbiased reporting, but market conditions are subject to change without notice. Always conduct your own research and consult with a professional before making any financial decisions. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.
Changpeng ‘CZ’ Zhao, the founder of Binance, has reportedly taken on a new role as Strategic Advisor to the Pakistan Crypto Council.
Pakistan’s local media suggests that the appointment was confirmed during a meeting held in Islamabad with top government officials.
CZ Joins Pakistan Crypto Council
The Finance Minister, Senator Muhammad Aurangzeb, reportedly led the session. Other attendees included the heads of Pakistan’s key financial and regulatory bodies—the Securities and Exchange Commission and the State Bank—and senior officials from the law and IT ministries.
According to the reports, Zhao also met separately with Pakistan’s Prime Minister and Deputy Prime Minister to discuss digital asset policy and blockchain adoption.
His involvement with Pakistan follows a recent agreement with the Kyrgyz Republic. There, he is advising on Web3 infrastructure and blockchain education.
Kyrgyzstan has also launched the A7A5 stablecoin, pegged to the Russian ruble. Both Kyrgyzstan and Pakistan are looking to develop their financial ecosystem around crypto to attract industry interest in the regions.
Meanwhile, CZ continues to engage with multiple governments on crypto regulation. He has been focused on building secure frameworks and enabling digital finance ecosystems.
BeInCrypto has contacted Binance about the reports and whether the company is involved in the initiative.
Disclaimer
In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.
The value of the leading altcoin, Ethereum, has plunged to its lowest point since March 2023, signaling a steep decline in market confidence. This has happened amid the broader market’s downturn, which was exacerbated by Donald Trump’s Liberation Day.
Compounding the bearish sentiment, the ETH/BTC ratio has now dropped to a five-year low, indicating that Bitcoin is gaining relative strength against Ethereum.
ETH/BTC Ratio Hits 5-Year Low as Traders Flee
ETH’s price decline has pushed the ETH/BTC ratio to a five-year low of 0.019. This ratio measures ETH’s relative value compared to BTC. When it rises, it indicates that ETH is outperforming BTC, either because the altcoin’s price is growing faster or the king coin’s price is falling.
Conversely, a decline like this suggests that the leading coin, BTC, is gaining strength relative to the top altcoin, ETH. It suggests that traders are moving capital into BTC, seeing it as a safer or more profitable investment at the moment despite its own price troubles.
Further, on the daily chart, ETH’s negative Chaikin Money Flow (CMF) confirms the coin’s plummeting demand. At press time, it is at -0.07.
The CMF indicator measures the volume-weighted accumulation and distribution of an asset over a set period, helping gauge buying and selling pressure. When its value falls below zero like this, it indicates that selling pressure is dominating.
ETH’s CMF readings suggest that more traders are distributing (selling) the coin than accumulating it. This reflects weakening demand and is a bearish signal for the asset’s price momentum.
ETH Flashes Oversold Signal: Is a Bounce Back on the Horizon?
ETH’s Relative Strength Index (RSI), observed on a one-day chart, shows that the altcoin is currently oversold. At press time, the momentum indicator is in a downtrend at 25.62.
The RSI indicator measures an asset’s overbought and oversold market conditions. It ranges between 0 and 100. Values above 70 suggest that the asset is overbought and due for a price decline, while values under 30 indicate that the asset is oversold and may witness a rebound.
At 25.62, ETH’s RSI signals that the coin is deeply oversold. This presents a buying opportunity, as such lows are usually followed by a price rebound.
If this happens, ETH’s price could regain and climb back above $1,589. If this support level strengthens, it could propel ETH’s value to $1,904.
However, this rebound is not guaranteed. If ETH bears maintain dominance and selloffs continue, the coin could extend its decline and fall toward $1,197.
The post Ethereum (ETH) Tanks to March 2023 Levels as ETH/BTC Ratio Plummets to 5-Year Low appeared first on BeInCrypto.
CoinGecko unveiled a refreshed brand identity and two new mascots, marking the 11th anniversary of the crypto data aggregator.
The changes come amid a bruising “Crypto Black Monday,” with CoinGecko’s brand revitalization presenting as a show of optimism despite sour sentiment.
CoinGecko Resets Its Brand on 11th Anniversary
CoinGecko leaned into Monday’s turbulence with the message that growth is still on the table despite sour crypto market sentiment. Marking its 11th anniversary, the crypto data aggregator introduced a new visual identity.
The change features a modernized logo, a more interactive and user-friendly design system, and a cohesive brand refresh. These changes extend to GeckoTerminal, its DEX aggregator that tracks real-time trading data from over 1,500 decentralized exchanges.
CoinGecko users will henceforth encounter Gekko and Rex as two new mascots. In a statement shared with BeInCrypto, CoinGecko said these mascots embody the duality of the crypto experience.
On the one hand, Gekko is a playful and geeky friend offering insights. On the other hand, Rex is sharp, analytical, and always on the hunt for alpha.
“This brand refresh marks a new chapter for CoinGecko, as we continue building for the decentralized future,” an excerpt in the statement read, citing TM Lee, CEO and co-founder of CoinGecko.
Lee explained that this refresh was for the crypto community, which has continuously leveraged CoinGecko’s crypto data aggregator across market cycles. The changes are intended to make CoinGecko more relatable and forward-looking, emulating the industry’s spirit of resilience and innovation.
Refresh in the Face of Crypto Black Monday
This show of optimism comes in time to boost user sentiment after a weekend bloodbath that set the pace for crypto’s black Monday narrative. Liquidations swept the crypto market over the weekend, triggering millions of losses.
The company acknowledged the market stress in a post teasing the launch just hours before the unveiling.
“We know it’s not the easiest day for crypto. Still, something new is on the way,” wrote CoinGecko on X (Twitter).
CoinGecko was founded in April 2014. It has grown from a price-tracking site into a comprehensive crypto data platform serving millions worldwide. The aggregator reportedly monitors over 17,000 cryptocurrencies and NFTs (non-fungible tokens) across over 1,200 exchanges.
Its on-chain analytics platform, GeckoTerminal, launched in 2022, has since become an expansive DEX aggregator. According to the report, GeckoTerminal tracks over 6 million tokens across more than 200 blockchain networks.
Meanwhile, CoinGecko’s brand update is more than cosmetic. It reflects the platform’s consistent effort to stay relatable to its user base.
Recently, it has been a go-to source for key market insights. Among them was a 2025 sentiment survey, which revealed mixed investor moods and highlighted a strong belief in the rise of crypto-AI.
CoinGecko has also been instrumental in reflecting changing user behavior in the industry. Recently, the platform shared a 2024 analysis showing crypto perpetuals trading volumes reaching all-time highs. Similarly, the data aggregator shared a report pointing out that publicly listed crypto companies account for just 5.8% of the market cap.
By launching a branding overhaul during one of the year’s harshest market downturns, CoinGecko sends a clear message that beyond surviving, crypto is also preparing for what is next.
As the dust settles from the weekend sell-off and key US economic indicators are in the pipeline, CoinGecko’s refreshed look suggests the next chapter is always around the corner.
Disclaimer
In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.
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