Tag Archives: LINK

With increasing confidence among participants, LINK seems to have proved that it is worth holding. However, patience may be required.

Chainlink’s supply held by whales recently soared to a new weekly high, indicating that there was a large whale purchase. This may have contributed to the bullish momentum observed in the last few days.

Chainlink continues to drive experiments on unlocking asset tokenization. But can the traction drive its LINK token to $7?

Chainlink’s development activity has grown since it announced the mainnet launch of its Cross-Chain Interoperability Protocol (CCIP) on Avalanche, Ethereum, Optimism and Polygon networks on 17 July.

The dedication shown by Chainlink and Filecoin for over a year ensured that they ranked higher on the development activity charts.

The RSI declined steadily over the past few days, showing strong downward momentum. The market structure was also bearish after the move below $6.14 on 9 September.

Whale investors have been steadily accumulating LINK tokens over the last 10 days, indicative of a long-term bullish trend.

Although Chainlink had a significant development to celebrate, LINK’s price and conflicting indicators grabbed all the attention and for good reason.

Whales are accumulating LINK as overall market sentiment remains cautious. In just three days, these whales added an impressive $9.6 million worth of LINK tokens to their holdings.

Technical volume indicators clashed with short-term CVD data, but Chainlink price action retained a bearish bias from the higher timeframes.

Chainlink’s supply on exchanges has dropped to a critical point, which is usually followed by price upticks. Is this the start of a fresh bull run?

Chainlink’s price action stalled at a key support over the past week. Could this be an opportunity for bulls to rally from this price zone?