![Chainlink [LINK] could see some bearish pressure if these signs come into play](https://i.headtopics.com/images/2022/12/6/cryptoamb/chainlink-link-could-see-some-bearish-pressure-if--chainlink-link-could-see-some-bearish-pressure-if--1599895141069750272.webp)
What to expect for LINK once Chainlink staking V0.1 goes live LINK’s price action shows resilience against the downside but could change in the days to come The Chainlink network just entered another critical week that will be marked by a major development. Chainlink Staking v0.1 is expected to go live this week. According to […]
The network integrations confirmed that Chainlink was still expanding its interoperability with other major networks. But what does this all mean for LINK?
Well, LINK concluded two weeks of mostly bullish activity and kicked off December with a notable drop in the bullish momentum. This may turn out to be another case of buy the rumor, sell the news where buyers in November bought in anticipation of the staking launch.LINK traded at $7.54 at press time which represented a 35% upside from its current monthly low. Despite this upside, LINK was still trading at a sizable discount from its November highs.
The latest exchange flow data revealed that the amount of exchange outflows were more than double the amount of inflows. This may explain why LINK managed toAn assessment on the addresses side of things revealed that there were higher receiving addresses than sending addresses. To be specific, the latest readings reveal that there were 2,207 receiving addresses versus 893 sending addresses. In other words, the demand for LINK outweighed the existing sell pressure at the time of writing.
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Chainlink: A renewed interest from these holders could drive LINK towards…Whales and sharks showed massive interest in Chainlink in the last few days Chainlink made numerous integrations across networks, but interest in some services declined Santiment, in a tweet on 4 December, observed that whales had accumulated large amounts of the LINK token. An increased interest from large investors could induce a surge in LINK’s […]
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