Chainlink (LINK) Forms Bullish Pattern That Led To 50% Rally On Average
On-chain data shows that a Chainlink indicator is currently forming a pattern that has led to an average 50% increase for LINK in the past. Chainlink 30-Day MVRV Ratio Has Plunged In a new post on X, analyst Ali discussed the latest trend in Chainlink’s 30-day MVRV ratio. The “Market Value to Realized Value (MVRV) ratio” is a popular on-chain indicator that tracks the ratio between LINK’s market cap and realized cap. The market cap naturally refers to the total valuation of the asset’s circulating supply at the current spot price. In contrast, the realized cap....
Related News
LINK’s price shows strength as it attempts a major breakout from its range channel of over 180 days of accumulation as the price eyes a rally to $12. LINK could rally more as the price creates more bullish bias by breaking out of its range channel, but the price has struggled to regain more strength as Bitcoin (BTC) ranges. LINK’s price remains strong on the daily timeframe above the 50 Exponential Moving Average (EMA) as the price aims for more rallies. The price action displayed by Chainlink (LINK) has yet to see much volatility, considering how huge the project is and with....
Chainlink (LINK) has undergone a strong rally since the lows set in September. The price of the leading cryptocurrency currently trades for $11.50. LINK is up 3% in the past 24 hours, outperforming Bitcoin, XRP, Binance Coin, and a series of other top altcoins. Even still, LINK is trading just under 50% below its all-time […]
Chainlink (LINK) is one crypto-asset that has recovered massively from its September lows. As of this article’s writing, Chainlink (LINK) trades for $10.75, far above the $8 lows seen near the start of September. The coin is still down by just shy of 50% from its all-time high price of $20, set in the middle […]
Chainlink (LINK) , the oracle network powering the decentralized world, has been stirring up excitement after a recent surge past a critical resistance level. Analysts are now predicting a potential price explosion, with some even charting a course for the moon. However, lurking beneath the bullish sentiment are shadowy movements by large investors, injecting a dose of uncertainty into the mix. Related Reading: Can Terra Classic Rise From The Ashes? Analyst Foresees 1,500% Price Increase Chainlink Escapes The Triangle, Eyes Set On The Sky After a period of decline, LINK has shown signs of....
Chainlink (LINK) has experienced a strong decline after peaking at around $20 in August. At the recent lows, the coin traded around as low as $8, meaning that it had declined by 60%. LINK may be poised to revert to its bullish stance though as the coin forms a bottom formation, analysts say. Related Reading: […]