Chainlink

<ul><li>Significant LINK deposits on Binance, per Lookonchain, spark interest in Chainlink&#39;s next move.</li><li>Chainlink faces resistance at $8.3, hindering its macro uptrend.</li><li>On-chain challenges and declining buy bias pose hurdles for Chainlink&#39;s price surge.</li></ul>In a surprising turn of events, three significant wallets have deposited a total of $422,129 worth of<a href="https://cryptotale.org/chainlink-highlights-developments-ahead-of-potential-correction-for-link/" rel="noopener noreferrer nofollow"> Chainlink</a> (LINK) tokens, equivalent to $3.08 million, into the Binance exchange today. As market analyst Lookonchain has invoked the community&#39;s attention to the massive influx, it sparked renewed interest in the cryptocurrency, as traders and enthusiasts eagerly await Chainlink&#39;s next move.<img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/38ae4c956f054bffa09fc52ef09dd78e.png" />Chainlink, which recently broke free from its macro downtrend, appeared poised for an uptrend a few weeks ago. However, the road to a sustained upward trajectory is proving to be a challenging one for this decentralized oracle network.Currently, LINK is facing resistance at the macro range high, signaling potential hurdles on its path to a full-fledged uptrend. The critical $8.3 threshold has consistently acted as a formidable resistance level, repeatedly thwarting LINK&#39;s attempts to surge beyond it. Last week, Chainlink made another ambitious push to breach this barrier but was unsuccessful, leaving it in a consolidation phase around $7.3.Read full article at<a href="https://cryptotale.org/chainlinks-battle-with-8-3-resistance-on-the-path-to-uptrend/" rel="noopener noreferrer nofollow"> CryptoTale.</a>

Chainlink's Battle with $8.3 Resistance on the Path to Uptrend

CryptoTale

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