Chainlink’s stochastic was in an oversold position Metrics were also supportive of a trend reversal but concerns still remain Chainlink’s [LINK] latest performance didn’t quite align with the investors’ interest as its price declined considerably over the last week. According to CoinMarketCap, LINK was down by more than 13% and, at press time, was trading […]
Metrics were also supportive of a trend reversal but concerns still remain
latest performance didn’t quite align with the investors’ interest as its price declined considerably over the last week.at $5.95 with a market capitalization of over $3 billion.revealed a major bullish signal for LINK. The data suggested the possibility of a price surge in the near future.Chainlink’s stochastic was in an oversold position, which could give investors hope for a trend reversal in the days to follow.
’s exchange outflow also spiked quite a few times last week, which also could be taken as a green signal.While the metrics started to align with investors’ interest, several developments on the Chainlink ecosystem could serve as the foundation for its next bull run. For instance, FSN and Chainlink Labs established a channel partnership to accelerate NFT adoption.
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