Altcoins News
By Julie Binoche
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Chainlink's Resistance to Deeper Corrections. One of the key factors driving optimism for LINK's potential recovery is its ability to resist a…
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Exchange Supply Decline Points to Potential Surge. Another bullish indicator for LINK is the decline in its exchange supply, which recently hit a…
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The Road to $19 Resistance and Beyond. Despite the positive technicals, Chainlink still faces key resistance levels that must be cleared…
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What’s Next for Chainlink?. As we move into the coming days, the key question is whether LINK can maintain its upward momentum…
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Chainlink (LINK) has been showing promising signs of resilience, especially in comparison to many of its high-cap counterparts. The digital asset recently dipped to $17.
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One of the key factors driving optimism for LINK's potential recovery is its ability to resist a significant correction despite the overall market downturn.
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The drop to $17.30 didn’t trigger widespread panic selling, as evidenced by the significant dip-buying activity observed on the 1-day chart.
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According to recent net exchange flows, 2.2 million LINK were withdrawn at a price of $17.80, triggering a modest price increase of around 1.45%.
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Futures markets also show signs of optimism. Over the past 24 hours, long liquidations have outpaced short liquidations by an 8-to-1 ratio, as traders close their positions amid…
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In conclusion, while LINK’s path to recovery is not guaranteed, its resilience amidst market volatility, growing retail interest, and the decline in exchange supply suggest that…
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