Satoshi

Solana

Million

Read

Chainlink

<p>Noted crypto analyst <a href="https://twitter.com/ali_charts/status/1732759642478883165" target="_blank" rel="noopener noreferrer nofollow">Ali shared that Chainlink (LINK)</a> has traded above a key support zone recently. Specifically, Ali reported that over 17,000 addresses bought 47 million LINK tokens between $14.4 and $14.8. He explained that this level of accumulation indicates crucial support.</p>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="377" src="https://captainaltcoin.com/wp-content/uploads/2023/12/image-166-1024x377.png" alt="" class="wp-image-393464" srcset="https://captainaltcoin.com/wp-content/uploads/2023/12/image-166-1024x377.png 1024w, https://captainaltcoin.com/wp-content/uploads/2023/12/image-166-300x110.png 300w, https://captainaltcoin.com/wp-content/uploads/2023/12/image-166-767x282.png 767w, https://captainaltcoin.com/wp-content/uploads/2023/12/image-166-1536x565.png 1536w, https://captainaltcoin.com/wp-content/uploads/2023/12/image-166-2048x753.png 2048w, https://captainaltcoin.com/wp-content/uploads/2023/12/image-166-408x150.png 408w, https://captainaltcoin.com/wp-content/uploads/2023/12/image-166-100x37.png 100w, https://captainaltcoin.com/wp-content/uploads/2023/12/image-166-952x350.png 952w, https://captainaltcoin.com/wp-content/uploads/2023/12/image-166-788x289.png 788w, https://captainaltcoin.com/wp-content/uploads/2023/12/image-166.png 900w" sizes="(max-width: 1024px) 100vw, 1024px">
</figure>
<h2 class="wp-block-heading" id="investor-sentiment-growing-cautiously-optimistic">Investor Sentiment Growing Cautiously Optimistic</h2>
<p>While this support level may be enough to hold and trigger a price rebound from current levels, Ali warned that investors must remain cautious. According to him, “Any signs of weakness could encourage investors to sell some of their LINK holdings to avoid incurring losses.”</p>
<p>Essentially, if prices violate the support zone decisively, the floodgates could open for more selling as speculators rush for the exits. So while investor sentiment seems to be growing cautiously optimistic given the increased accumulation, experts like Ali advise exercising caution until clear confirmation of a trend change emerges.</p>
<p>Read also:</p>
<ul>
 <li><a href="https://captainaltcoin.com/bitcoin-btc-skyrocketed-the-last-three-times-this-bullish-signal-appeared/" target="_blank" rel="noopener noreferrer nofollow">Bitcoin (BTC) Skyrocketed The Last Three Times This Bullish Signal Appeared</a></li>
 <li><a href="https://captainaltcoin.com/solana-loses-uptrend-analyst-warns-failure-to-hold-support-could-result-in-sol-falling-to-this-price/" target="_blank" rel="noopener noreferrer nofollow">Solana Loses Uptrend; Analyst Warns Failure to Hold Support Could Result in SOL Falling to This Price</a></li>
 <li><a href="https://captainaltcoin.com/end-of-year-crypto-boom-mantle-filecoin-and-rebel-satoshi-poised-for-growth/" target="_blank" rel="noopener noreferrer nofollow">End-of-Year Crypto Boom: Mantle, Filecoin, and Rebel Satoshi Poised for Growth</a></li>
</ul>
<p>For now, LINK continues holding above the key $14-15 support zone identified by Ali. Whether bulls can maintain these levels and catalyze a rebound remains to be seen. But with 17,000 addresses buying the dip here, the crypto does seem to have substantive backing on its side for the first time in months.</p>
<div class="bigofferblock margincenter mb30 pt20 pl20 pr20 " style="">
 <div class="col_wrap_two mb0">
  <div class="offerbox_big_wrap flowhidden">
   <div class="image position-relative text-center col_item mobileblockdisplay img-maxh-350 img-width-auto"><a class="re_track_btn" href="https://captainaltcoin.com/go/etoro/" target="_blank" rel="noopener noreferrer nofollow"> <img decoding="async" class="lazyload" data-skip-lazy="" data-src="https://captainaltcoin.com/wp-content/uploads/thumbs_dir/etoro-ca-1-oyc386si1bdrmhrff7xex5ngu4zikfy3ei6bk0rbb6.png" width="500" alt="We recommend eToro" src="https://captainaltcoin.com/wp-content/themes/rehub-theme/images/default/blank.gif"> </a>
   </div>
   <div class="product-summary col_item mobileblockdisplay">
    <h3 class="product_title entry-title font150 lineheight25 mb30" id="a-class-re_track_btn-href-https-captainaltcoin-com-go-etoro-target-_blank-rel-noopener-noreferrer-nofollow-span-we-recommend-etoro-span-a"><a class="re_track_btn" href="https://captainaltcoin.com/go/etoro/" target="_blank" rel="noopener noreferrer nofollow"> <span>We recommend eToro</span> </a></h3>
    <div class="rev_disclaimer font70 greencolor lineheight15 mb20"><strong>74% of retail CFD accounts lose money.</strong>
    </div>
    <div class="buttons_col mb25 rh_big_btn_inline">
     <div class="priced_block clearfix">
      <div><a class="re_track_btn btn_offer_block" href="https://captainaltcoin.com/go/etoro/" target="_blank" rel="noopener noreferrer nofollow"> Visit eToro Now </a>
      </div>
     </div>
    </div>
    <div class="bigofferdesc"><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Active user community and social features like news feeds, chats for specific coins available for trading. <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Wide range of assets: cryptocurrencies alongside other investment products such as stocks and ETFs. <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Copy trading: allows users to copy thetrades of leading traders, for free. <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>User-friendly: eToro’s web-based platform and mobile app are user-friendly and easy to navigate. <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>eToro offers staking for certain popular cryptocurrencies like ETH, ADA, XTZ etc.
    </div>
   </div>
  </div>
 </div>
</div>
<p>The post <a href="https://captainaltcoin.com/chainlink-could-be-ready-for-a-rebound-from-here-as-17k-addresses-buy-47-million-link-at-crucial-support/" rel="noopener noreferrer nofollow">Chainlink Could Finally Rebound from Here as 17K Addresses Buy 47 Million LINK at Crucial Support</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Chainlink Could Finally Rebound from Here as 17K Addresses Buy 47 Million LINK at Crucial Support

Table of Contents

CaptainAltcoin

Other articles published on Dec 7, 2023

Binance enhances web3 wallet with Bitcoin, other crypto integrations

Binance Bows Down, Embraces Crypto Surveillance and Regulation in Historic Deal

Ethereum supply deflating: exploring ROE’s tokenomics

UAE Tech Researchers Roll Out Lightweight Blockchain for Carbon Trading

Top 3 Altcoins You Need To Keep An Eye On For Major Gains

Republican Presidential Debate Centers On Crypto Policies

Join our free newsletter for daily crypto updates!