Chainlink price was among the front runners of the best-performing assets over the past few days. The altcoin noted significant gains that imbued a se
nse of optimism within the token holders, too, which was reflected in their behavior while conducting transactions on the network.Chainlink price has managed to post impressive gains over the past ten days; however, considering where it fell from last month, the asset might need to continue its green run. Trading at $7.0 at the time of writing, LINK needs to climb all the way back to $7.5 in order to recover the losses it witnessed during the mid-August crash.
The recent 21.55% rise certainly helped the altcoin recover most of the losses, but it needs more juice to keep going. A sustainable rally would only be considered when Chainlink price manages to flip the $7.4 resistance into a support floor to breach $7.5.faces corrections owing to an overheated market, it won’t fall down too far, considering all three Exponential Moving Averages are presently acting as support lines.
Contribution to this sentiment comes from the whales who have been actively acquiring LINK tokens for days now. Since the rally began, addresses holding between 10,000 LINK to 100,000 LINK tokens have seen a surge of 3 million LINK worth around $21 million.This is a positive development for the altcoin, considering the state of the crypto market at the moment.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Chainlink (LINK) Goes Live on Arbitrum One Mainnet, Key BenefitsChainlink expands reach to Arbitrum One mainnet, here's deal
Read more »
Cryptocurrencies Price Prediction: Solana, Tether & Bitcoin – European Wrap 21 SeptemberSolana (SOL) price shows strong bullish momentum, which has seen the Ethereum (ETH) killer break out from a descending parallel channel. Strangely, th
Read more »
Cryptocurrencies Price Prediction: BoJ, Arbitrum & Bitcoin – American Wrap 21 SeptemberBitcoin (BTC $26,731) slipped from $27,000 on Sept. 21 as the dust settled on the latest United States macroeconomic events.
Read more »
This 32-inch 4K monitor just had its price slashed by 21%Dell has a fantastic offer on a 32-inch 4K monitor right now. Who wants HD when you can get 4K at this price? Here's what to know.
Read more »
Hyde Park shooting leaves man, 21, injuredThe victim was shot in the thigh and was taken to the University of Chicago Medical Center in an unknown condition.
Read more »
KnowYourNumb3rs Rebirth of A New Nation September 21-28, 2023The Mercury and Venus retrograde effects have things lingering and slurring like a drunk person until the soberness kicks in.
Read more »