Chainlink

<ul><li>Amidst a strong bearish trend, Chainlink&#39;s potential for upward movement hinges on a critical demand zone.</li><li>Over 23.5 million LINK held by 11,470 wallets intensifies the significance of the $13.80-$14.20 range.</li><li>Traders navigating short positions must be vigilant for possible bearish excesses and strategic entry points.</li></ul>In the ever-evolving landscape of cryptocurrency, <a href="https://coinmarketcap.com/currencies/chainlink/" rel="noopener noreferrer nofollow">Chainlink (LINK)</a> has recently made headlines as it navigates a crucial phase within a key demand zone. As highlighted by crypto analyst Ali_charts, the market sentiment indicates that Chainlink currently ranges between $13.80 and $14.20, with a notable 23.5 million LINK held by 11,470 wallets in this zone.In a recent tweet, Ali_charts delved into Chainlink&#39;s pivotal demand zone, citing 11,470 wallets and potential for new yearly highs:<img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/2e56e15497dd41edabd58bb749d1fe0f.png" />Despite the prevailing bearish trend in the CHAINLINK - LINK/USDT pair, traders closely monitor the potential for a positive breakout. The tweet indicates that LINK has a clear path ahead with strong support, creating a chance for it to reach new yearly highs if it stays in the mentioned demand zone.Read full article at <a href="https://cryptotale.org/chainlink-finds-key-support-in-demand-zone-amidst-bearish-trend/" rel="noopener noreferrer nofollow">CryptoTale.</a>

Chainlink Finds Key Support in Demand Zone Amidst Bearish Trend

CryptoTale

Other articles published on Nov 22, 2023

Ripple’s ISDA Membership: Catalyst for XRP’s $100 Surge?

$GFOX Swiftly Passes $150,000, While Shiba Inu Cozies Up to AI but Price Still Drops

SOL Worth $10+M Moved to Binance: Is a Sell-off Brewing?

Differences Between Virtual Currency and Digital Currency

Is Binance Crashing After the Recent Incident? Matrixport and New CEO Richard Teng Speak Out

The rise and fall of Binance’s CZ

Join our free newsletter for daily crypto updates!