Chainlink Bullish Signal Stands Firm, But Bitcoin Is Calling The Shots
CRYPTOWZRD noted in a recent update on X that Chainlink ended the session with a bullish close, hinting at potential further gains ahead. However, the analyst emphasized that Bitcoin will ultimately dictate the move. Keeping a close eye on the intraday chart, the expert mentioned that an early pullback could present a scalp opportunity, as long as Bitcoin aligns with the bullish outlook. Breakout Likely With Strong Daily Candles Breaking down his latest analysis, the trader explained that LINK’s daily candle officially closed bullish, marking a key technical point in the current trend.....
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According to an analysis posted on X by CRYPTOWZRD, Chainlink has closed the session with a bearish tone and is now testing the key $12.50 support level. With reduced weekend liquidity expected, price action is likely to remain choppy, making it essential to closely monitor intraday volatility. A clearer setup could take time to develop, but this zone may offer early clues about the token’s next move. Oversold Pressure Builds: Is LINKBTC Ready To Rebound? In his expanded commentary, CRYPTOWZRD underscored that both the LINKUSDT and LINKBTC daily candles closed firmly bearish, mirroring....
On-chain data shows the Chainlink exchange supply has observed a plummet, something that could turn out to be bullish for the asset’s price. Chainlink Supply On Exchanges Has Registered A Drawdown Recently According to data from the on-chain analytics firm Santiment, the LINK supply on exchanges could be forming a bullish divergence right now. The […]
On-chain data shows that large Chainlink holders have been buying during the past two weeks, a sign that’s positive for the coin’s rally. Chainlink Sharks & Whales Have Added Another $53 Million In LINK As pointed out by analyst Ali in a post on X, the large LINK investors have been buying recently. The indicator […]
An analyst has pointed out how Chainlink is forming a TD Sequential sell signal right now, which could lead to a retracement to this level. Chainlink Could Decline To $12.50 Following The Sell Signal As explained by analyst Ali in a new post on X, LINK could be heading toward a correction based on what the TD Sequential signal says. The “Tom Demark (TD) Sequential” is a popular indicator in technical analysis that is used to pinpoint reversals in the price of any asset (which, in the current discussion, is naturally Chainlink). The metric gives a signal whenever the asset has....
Chainlink has undergone a strong rejection over the past few days, following in the footsteps of other cryptocurrencies. The coin trades down 13% in the past 24 hours, slipping below $9 for the first time in many weeks. Since the all-time highs set just weeks ago, LINK is down by over 50%, which is worse […]