Chainlink

<ul> 
 <li><strong>Chainlink has experienced a substantial 15% price surge in the past 24 hours.</strong></li> 
 <li><strong>Dormant wallets awaken, contributing to the 5.38 billion Age Consumed spike.</strong></li> 
</ul> 
<p>Chainlink, an Oracle service provider shown a remarkable display of strength over recent days. Over the last 24 hours, the LINK price has surged by 15%, reaching $17.93, with a market cap of $10.8 billion. This surge follows a week of impressive gains, where LINK has outshone every major altcoin, boasting a 30% increase.</p> 
<p>Notably, this upward trajectory is accompanied by significant on-chain activities, according to an analysis by <a href="https://twitter.com/santimentfeed">Santiment</a>, a prominent on-chain data provider. The data reveals that previously dormant wallets have sprung to life, contributing to the highest Age Consumed spike for Chainlink, measuring 5.38 billion. </p> 
<p>Furthermore, the analysis indicates that the Chainlink network witnessed minor liquidations of wallets, a phenomenon often associated with Fear, Uncertainty, and Doubt (FUD). While liquidations can increase price volatility, paradoxically, they may lead to further price rises as investors seize market opportunities.</p> 
<h3 class="wp-block-heading" id="h-what-s-the-next-stop-for-link">What’s the Next Stop For LINK?</h3> 
<p>Looking ahead, the price movements of <a href="https://thenewscrypto.com/chainlink-link-price-prediction/">LINK</a> present a bullish outlook. The 9-day exponential moving average (EMA) currently positions itself below the trading price at $15.87. The daily Relative Strength Index (RSI) stands at 68.92, nearing the overbought condition.&nbsp;</p> 
<div class="wp-block-image"> 
 <figure class="aligncenter">
  <img decoding="async" src="https://lh7-us.googleusercontent.com/iWMVEraRvzWZNDN-78CbQ4cq69c8QSQmqp9bogWSAQ6YiTwuCQ3XSFta391sZZrfL3Zz0nJ3N1BsreySzhA1QEXuTXXV0FmxRoDO_3i657E1DoYRvs8IfFA-j8GZXOQedEQ5Apg-kHXdnFLRfVCovZ4" alt="">
  <figcaption class="wp-element-caption">
   LINK Price Chart , Source: TradingView
  </figcaption>
 </figure>
</div> 
<p>If the bulls continue to dominate, the price may surge further to $20 and $23.4. Conversely, if bears take control, a pullback to $14.6 and $13.4 could be anticipated.</p>

Chainlink Price Hits 2-Year High: What’s Next for LINK Bulls?

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