Chainlink: Exploring the possibility of sustained whale interest amidst bull rally

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Chainlink: Exploring the possibility of sustained whale interest amidst bull rally
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Chainlink was on the list of the top 10 purchased tokens among the 100 biggest Ethereum whales. A few metrics were bearish, but the market indicators suggested otherwise. Chainlink [LINK] continued to increase its adoption with new partnerships, the latest being with Elure Labs. As per the official announcement on 13 January, Elure Labs has […]

Carrying forward the bullish stance noted above, LINK’s Exponential Moving Average Ribbon revealed a buyer’s advantage in the market because the 20-day EMA was higher than the 55-day EMA.

The Relative Strength Index was restive above the neutral mark, which was bullish. Moreover, despite the Chaikin Money Flow registering a slight decline, it was still considerably above the neutral mark, further increasing the chances of a continued price surge.Subscribe to get it daily in your inbox.

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