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 <h2 id="chainlink-shows-robust-support">Chainlink Shows Robust Support</h2> 
 <p>The on-chain data reveals that as long as Chainlink maintains its position above this support level, a strong bullish sentiment prevails. This sentiment is further reinforced by the absence of significant resistance barriers on the immediate horizon. LINK is trading at $7.45, at the time of reporting, with more than a 4% increase in the last 7 days.</p>  
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 <p><img decoding="async" class="aligncenter size-full wp-image-156475" src="data:image/svg+xml,%3Csvg%20xmlns='//www.w3.org/2000/svg'%20viewBox='0%200%201034%20524'%3E%3C/svg%3E" alt="LINK Chart" width="1034" height="524" data-lazy-src="https://cdn.thebittimes.com/images/2023/08/12/b546583777be14e273c61721f6928d50.webp"> 
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 <p>Notably, prominent LINK whales have been actively increasing their holdings. Over the past two weeks alone, these whales have acquired around 13 million $LINK, totaling approximately $91 million.</p> 
 <p>While this accumulation pattern is promising for LINK holders, traders anticipating a breakout might need to exercise patience. Recent on-chain data indicates a decline in network activity over the past three weeks, including a decrease in the number of large transactions.</p>  
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 <p>However, experts highlight that a sudden spike in large transactions could potentially signal an impending breakout. As the crypto landscape continues to evolve, Chain<a rel="noopener noreferrer nofollow" title="LINK" href="https://thebittimes.com/tag/link.html">LINK</a> remains resolute in its position. Current on<a rel="noopener noreferrer nofollow" title="-chain" href="https://thebittimes.com/tag/chain.html">-chain</a> metrics mirror the absence of significant resistance barriers, fostering a favorable atmosphere for both investors and traders.</p> 
 <p>Also Read: CFTC Charges Florida, Louisiana And Arkansas Residents For Crypto Fraud</p> 
 <h2 id="chainlink-s-ccip-tech-may-have-a-role-to-play">Chainlink’s CCIP Tech May Have a Role To Play</h2> 
 <p>To develop a decentralized credit score system, Lendvest has stated that it will incorporate Chain<a rel="noopener noreferrer nofollow" title="LINK" href="https://thebittimes.com/tag/link.html">LINK</a>’s cross<a rel="noopener noreferrer nofollow" title="-chain" href="https://thebittimes.com/tag/chain.html">-chain</a> interoperability protocol (CCIP). To “maintain the highest standard of security and reliability,” Lendvest, a data marketplace for DeFi borrowing and lending information, will launch its credit score system in partnership with Chain<a rel="noopener noreferrer nofollow" title="LINK" href="https://thebittimes.com/tag/link.html">LINK</a> due to Chain<a rel="noopener noreferrer nofollow" title="LINK" href="https://thebittimes.com/tag/link.html">LINK</a>’s demonstrated track record of delivering secure Oracle solutions. And these developments have a good role to play in whales flocking toward the <a rel="noopener noreferrer nofollow" title="LINK" href="https://thebittimes.com/tag/link.html">LINK</a> token.</p> 
 <p>Also Read: Dogecoin, Shiba Inu, ApeCoin, PEPE Finally Decoupling From Bitcoin?</p> 
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Chainlink (LINK) On-chain Data Signals Bull Run Ahead

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