Chainlink

<ul><li>Chainlink&#39;s MVRV 30D indicator, historically predictive, suggests a possible correction as it surpasses 20%.</li><li>An unexpected 21% rally led to significant liquidations, primarily affecting bearish short positions.</li><li>Investors are closely watching for a weekly candlestick close below $7.69 to confirm or invalidate the bullish trend.</li></ul><a href="https://cryptotale.org/?s&#61;Chainlink" rel="noopener noreferrer nofollow">Chainlink</a> (LINK), a cryptocurrency that has been on a remarkable run, is currently at a crossroads, and investors are holding their breath as they await the next move. Recent data from <a href="https://cryptotale.org/?s&#61;%40santimentfeed" rel="noopener noreferrer nofollow">&#64;santimentfeed</a> has sent shockwaves through the crypto community, indicating that the Chainlink MVRV 30D has surpassed 20% once again. Historically, this has been a signal for a steep correction, according to Ali, a crypto market and technical analyst, prompting many to wonder if the bullish trend will continue or if a significant downturn is on the horizon.<img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/ae71751877ba40d992d50cc7b315fd9b.png" />The 22nd of October witnessed a sudden and explosive 21% rally in Chainlink&#39;s price, catching many investors off guard. This unexpected surge has fueled speculation on the X platform, with numerous investors forecasting that it could mark the beginning of an uptrend. However, the surge came at a cost, with approximately $3.78 million worth of positions liquidated within a mere 12-hour window.Read full article <a href="https://cryptotale.org/will-chainlinks-weekend-rally-hold-or-trigger-a-sell-off/" rel="noopener noreferrer nofollow">at CryptoTale.</a>

Will Chainlink's Weekend Rally Hold or Trigger a Sell-Off?

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