Why has the oracle sector surged recently? 💥
API3 is a data oracle that allows APIs to directly provide data to blockchain applications without the need for third-party intermediaries.
$LINK and API3 are from the same project team. With LINK launching a strategic reserve, major institutions have started to acquire LINK, recently increasing their holdings by tens of millions of dollars, which is absolutely positive for LINK. As a fork of LINK, API3 will also see funds flowing in for speculation, but the main focus is still on LINK's subsequent development.
Among the recent cryptocurrencies, LINK appears to be relatively strong based on its trend. Today, influenced by the overall market, it has also dropped significantly, but from a daily chart perspective, it hasn't even dropped to half of the large bullish candle, just filling the previous gap, and the entire trend remains within an upward channel. When the market warms up, it is expected to rebound first and challenge the previous high resistance level of 27.
Yao suggests that LINE is suitable for medium to long-term positioning, and those who can hold should aim for above 50 dollars.
