altFINS

Millions

Flash

Chainlink

Spectra

<p>According to <a href="https://twitter.com/santimentfeed/status/1746790708688916693" target="_blank" rel="noopener noreferrer nofollow">Santiment</a>, Chainlink (LINK) hit a 2-week high of around $15.80 over the weekend as on-chain indicators turned overwhelmingly positive. The percentage of circulating supply on exchanges has now dropped below 15% for the first time since 2018.</p>
<p>Additionally, the number of addresses holding a non-zero LINK balance stands just 6% away from its all-time high, signaling strong accumulation by long-term focused investors.</p>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="661" src="https://captainaltcoin.com/wp-content/uploads/2024/01/image-432-1024x661.png" alt="" class="wp-image-421225" srcset="https://captainaltcoin.com/wp-content/uploads/2024/01/image-432-1024x661.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/01/image-432-300x194.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/01/image-432-767x495.png 767w, https://captainaltcoin.com/wp-content/uploads/2024/01/image-432-1536x992.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/01/image-432-2048x1322.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/01/image-432-232x150.png 232w, https://captainaltcoin.com/wp-content/uploads/2024/01/image-432-100x65.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/01/image-432-542x350.png 542w, https://captainaltcoin.com/wp-content/uploads/2024/01/image-432-788x508.png 788w, https://captainaltcoin.com/wp-content/uploads/2024/01/image-432.png 680w" sizes="(max-width: 1024px) 100vw, 1024px">
</figure>
<p><em>Source: <strong><a class="thirstylink" rel="noopener noreferrer nofollow" target="_blank" title="Santiment" href="https://captainaltcoin.com/go/santiment/" data-shortcode="true">Santiment – Start using it today</a></strong></em></p>
<p>Trader Upside Down Crypto Data <a href="https://twitter.com/upsidedowndata/status/1746748048695247171" target="_blank" rel="noopener noreferrer nofollow">notes</a> that despite recent range-bound action, nearly 80% of LINK holders currently sit in profit. This suggests minimal sell-side pressure exists around current prices. Traders appear content to hold through consolidation to target much higher prices.</p>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="573" src="https://captainaltcoin.com/wp-content/uploads/2024/01/image-433-1024x573.png" alt="" class="wp-image-421233" srcset="https://captainaltcoin.com/wp-content/uploads/2024/01/image-433-1024x573.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/01/image-433-300x168.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/01/image-433-768x430.png 768w, https://captainaltcoin.com/wp-content/uploads/2024/01/image-433-1536x860.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/01/image-433-2048x1147.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/01/image-433-268x150.png 268w, https://captainaltcoin.com/wp-content/uploads/2024/01/image-433-100x56.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/01/image-433-625x350.png 625w, https://captainaltcoin.com/wp-content/uploads/2024/01/image-433-788x441.png 788w, https://captainaltcoin.com/wp-content/uploads/2024/01/image-433.png 1920w" sizes="(max-width: 1024px) 100vw, 1024px">
</figure>
<p><em>Source: </em><strong><a class="thirstylink" rel="noopener noreferrer nofollow" target="_blank" title="altFINS" href="https://captainaltcoin.com/go/altfins/" data-shortcode="true"><em>altFINS – Start using it today</em></a></strong></p>
<div class="wp-block-rehub-colortitlebox rh-colortitlebox" style="text-align:left;border-radius:5px;box-shadow:0 10px 10px #00000007;background-color:#fafafa;color:">
 <div class="rh-colortitle-inbox" style="background-color:var(--rehub-main-color);color:#fbfbfb;border-radius:5px 5px 0 0"><i class="rhicon rhi-bolt-regular rh-colortitlebox-icon" style="color:"></i>
  <div class="rh-colortitle-inbox-label">
   Transform Hundreds Into Millions With the Magic of Memecoins – think $BONK, but bigger! <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f92b.png" alt="🤫" class="wp-smiley" style="height: 1em; max-height: 1em;">
  </div>
 </div>
 <div class="rh-colortitlebox-text">
  <style scoped>.rh-toggler-open{height:auto !important}
.rh-toggler-open .rh-tgl-show, .rh-toggler-open .rh-tgl-grad{display:none !important}
.rh-toggler-open .rh-tgl-hide{display:block !important}
.rh-tgl-show, .rh-tgl-hide{cursor:pointer}
.rh-contenttoggler *{box-sizing: border-box !important}
.rh-toggler-wrapper{overflow: hidden;transition: all 0.5s ease; padding-bottom: 35px; margin-bottom:30px;box-sizing: content-box !important;position: relative;}
.rh-toggler-wrapper p:last-of-type {margin-bottom: 0;}</style>
  <div class="wp-block-rehub-contenttoggler rh-contenttoggler" data-height="100px">
   <div class="rh-toggler-wrapper" style="height:100px">
    <p>The key? Getting in early, especially during the IDO phase. <strong><a href="https://captainaltcoin.com/go/ll_inside/" target="_blank" rel="noopener noreferrer nofollow">Get in on NuggetRush</a></strong> now! This innovative memecoin blends play-to-earn gaming with real-world gold mining. Join soon to take advantage of the<strong><a href="https://captainaltcoin.com/go/ll_inside/" target="_blank" rel="noopener noreferrer nofollow"> current ICO prices</a></strong>!</p> <span class="rh-tgl-trigger" style="text-align:center;position:absolute;z-index:2;bottom:0;left:0;width:100%;color:"><span class="rh-tgl-show" style="display:block">Show more +</span><span class="rh-tgl-hide" style="display:none">Show less –</span></span><span class="rh-tgl-grad" style="background-image:linear-gradient(to bottom,rgba(255,255,255,0) 0,#ffffff 100%);display:block;position:absolute;height:100px;bottom:0;left:0;z-index:1;width:100%"></span>
   </div>
  </div>
 </div>
</div>
<p>According to altFINS, LINK remains in a long-term uptrend following its pullback. With bullish momentum signals re-emerging as LINK pushes back above the key $14.50 level after retesting support at $11.80:</p>
<ul>
 <li><strong>Pattern:</strong> Pullback in a broader uptrend</li>
 <li><strong>Next Target:</strong>&nbsp;$17</li>
 <li><strong>Stop Loss:</strong>&nbsp;$13.60</li>
 <li><strong>Trend:</strong>&nbsp;Short, Long-term Uptrend</li>
 <li><strong>Momentum:</strong>&nbsp;Turning Bullish</li>
</ul>
<p>With both fundamentals and technicals aligning constructively for LINK as it builds out its critical role as the leading decentralized blockchain oracle solution, the opportunity appears ripe for exposure over the medium to long term.</p>
<p>You may also be interested in:</p>
<ul>
 <li><a href="https://captainaltcoin.com/here-are-updated-ethereum-etfs-deadlines/" target="_blank" rel="noopener noreferrer nofollow">Here Are Updated Ethereum ETFs Deadlines</a></li>
 <li><a href="https://captainaltcoin.com/why-is-celestias-tia-up-today-technicals-suggest-a-retracement-to-these-levels-is-imminent/" target="_blank" rel="noopener noreferrer nofollow">Why Is Celestia’s TIA Up Today? Technicals Suggest a Retracement to These Levels Is Imminent</a></li>
 <li><a href="https://captainaltcoin.com/cardano-ada-going-down-vc-spectra-surges-ahead-drawing-closer-to-the-0-025-target-with-a-surge-in-trading-volume/" target="_blank" rel="noopener noreferrer nofollow">Cardano (ADA) Going Down,&nbsp; VC Spectra Surges Ahead, Drawing Closer to the $0.025 Target with a Surge in Trading Volume</a></li>
</ul>
<div class="bigofferblock margincenter mb30 pt20 pl20 pr20 " style="">
 <div class="col_wrap_two mb0">
  <div class="offerbox_big_wrap flowhidden">
   <div class="image position-relative text-center col_item mobileblockdisplay img-maxh-350 img-width-auto"><a class="re_track_btn" href="https://captainaltcoin.com/go/ll_bottom/" target="_blank" rel="noopener noreferrer nofollow"> <img decoding="async" class="lazyload" data-skip-lazy="" data-src="https://captainaltcoin.com/wp-content/uploads/thumbs_dir/Copy-of-P2P-Review-17-qi3pqhl3pi3mlojv8nq0upz5rcb68rblc7kuvhcaou.png" width="500" alt="Check NuggetRush ($NUGX)" 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-ll_bottom-target-_blank-rel-noopener-noreferrer-nofollow-span-check-nuggetrush-nugx-span-a"><a class="re_track_btn" href="https://captainaltcoin.com/go/ll_bottom/" target="_blank" rel="noopener noreferrer nofollow"> <span>Check NuggetRush ($NUGX)</span> </a></h3>
    <div class="rev_disclaimer font70 greencolor lineheight15 mb20">
     Sponsored: Invest Responsibly, Do Your Own Research.
    </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/ll_bottom/" target="_blank" rel="noopener noreferrer nofollow"> Buy NUGX Today </a>
      </div>
     </div>
    </div>
    <div class="bigofferdesc"><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Being in its <strong>ICO stage</strong>, NuggetRush offers a prime opportunity for early investors to get in at potentially lower prices <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>A unique <strong>play-to-earn</strong> gaming platform in the memecoin market <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>The platform combines artisanal and <strong>gold mining</strong> with cryptocurrencies in an unusual gaming context, offering a distinctive and immersive experience <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Fosters a strong <strong>community </strong>by encouraging physical meetups among members <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i><strong>NFT</strong> Integration with Prominent Characters
    </div>
   </div>
  </div>
 </div>
</div>
<p>The post <a href="https://captainaltcoin.com/on-chain-metrics-flash-bullish-for-chainlink-analyst-shares-next-target-for-link/" rel="noopener noreferrer nofollow">On-Chain Metrics Flash Bullish for Chainlink, Analyst Shares Next Target For LINK</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

On-Chain Metrics Flash Bullish for Chainlink, Analyst Shares Next Target For LINK

Table of Contents

CaptainAltcoin

Other articles published on Jan 15, 2024

Weekly Cryptocurrency Analysis: Altcoins Return To Their Expected Price Level

Vision for World Economic Forum 2024: Building Trust through Transparency and Innovation

While Bitcoin Experienced Record Entry Following Spot ETF Approval, Which Altcoins Did Institutio...

Ripple’s (XRP) Struggle Amidst Market Downturn

Spot bitcoin ETF approval triggers surge and shift in Korean crypto exchange performances

Can DOGE Alternative Match TOSHI’s 64,640% Growth?

Join our free newsletter for daily crypto updates!