• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Chainlink: Successful Growth and Major Investor Interest

user avatar

by A1

a day ago


Chainlink recently captured the attention of crypto investors with an impressive 18% surge over three days after bouncing off a crucial support level around $19.

Chainlink Price Surge

Chainlink experienced a sharp 18% increase over three days. This occurred after it rebounded from a crucial support level around $19, reflecting the asset's resilience amid market volatility.

Major Investor Activity

A significant factor in this surge was the activity of major investors. Reports indicate that in just 96 hours, over 1.40 million LINK were acquired by large holders. Such accumulation often signals growing confidence among major investors, hinting at a long-term bullish outlook for Chainlink. Additionally, exchange outflows have decreased, suggesting a sense of market optimism. While the Long/Short Ratio remains bearish, there is a noticeable decline in short positions, likely due to profit-taking following the recent price increase.

Impact on Chainlink's Future

The sustained accumulation by whales could signal further price increases, as historical patterns show that heightened whale activity often precedes bullish trends in the crypto market. If this momentum continues, LINK may experience stronger upward movement in the near future. The declining long/short ratio supports the idea of reduced selling pressure, which, combined with whale confidence, could enable LINK to test higher resistance levels in the coming days.

If Chainlink's positive momentum continues, it may lead to price increases in the future. Increased confidence from major investors provides a basis for optimism in the long term.

0

Share

Other news

EcoAI: The AI Ecosystem Guarding Ecology and Innovation

EcoAI is an AI ecosystem hosted on carbon-free servers, linking innovation and eco-friendliness through four AI agents.

user avatarA1

2 minutes ago

Bitcoin Plummets: What's Next for NEAR Coin?

Bitcoin's drop below $101,000 sparks discussions. What lies ahead for NEAR Coin?

user avatarA1

4 minutes ago

Bitcoin Decline: Effects on NEAR Coin and Cryptocurrencies

Bitcoin's price fell to $100,700. We discuss the implications for cryptocurrencies and NEAR Coin, including analysts' views.

user avatarA1

5 minutes ago

Getty Images and Shutterstock Form a $3.7 Billion Powerhouse

Getty Images and Shutterstock merge to form a $3.7 billion powerhouse to adapt to the challenges brought by artificial intelligence.

user avatarA1

5 minutes ago

Bitcoin Price Drops: Implications and Forecasts

Bitcoin drops below $98k, possible further decline of 5-15%. Is this a buying opportunity?

user avatarA1

7 minutes ago

Czech National Bank Weighs Bitcoin for Reserves

Aleš Michl, governor of the Czech National Bank, explores Bitcoin for reserve diversification.

user avatarA1

7 minutes ago

dapp expert logo
© 2020-2025. DappExpert. All rights reserved.
© 2020-2025. DappExpert. All rights reserved.

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.