Shiba

Future

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Chainlink

Gains

<ul> 
 <li>Chainlink gained over 12% in a day and 28% in the past week.</li> 
 <li>Analyst Ali Martinez predicts further gains, citing a $20 resistance level.</li> 
 <li>More than 75% of LINK holders own 62.9 million LINK valued at $1.12 billion.</li> 
</ul> 
<p>In a surprising turn of events amidst the generally subdued <a href="https://cryptonewsland.com/massive-liquidity-approaching-crypto/">crypto market</a> activity, Chainlink (LINK) has emerged as a standout performer, showcasing gains exceeding 12% in a single day and a remarkable 28% over the past week.&nbsp;</p> 
<p>Renowned market analyst Ali Martinez has drawn attention to Chainlink’s bullish trajectory, suggesting that there might be more gains on the horizon. Martinez points to a substantial resistance level at $20, supported by on-chain analytics revealing 5,330 addresses collectively holding 8.59 million LINK tokens.</p> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
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   <p lang="en" dir="ltr"><a href="https://twitter.com/hashtag/Chainlink?src=hash&amp;ref_src=twsrc%5Etfw">#Chainlink</a> appears primed for further gains! On-chain analytics reveal a significant resistance level at $20, where 5,330 addresses collectively hold approximately 8.59 million <a href="https://twitter.com/search?q=%24LINK&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$LINK</a>. <a href="https://t.co/cO1or7FRCd">pic.twitter.com/cO1or7FRCd</a></p>— Ali (@ali_charts) <a href="https://twitter.com/ali_charts/status/1753388960275992590?ref_src=twsrc%5Etfw">February 2, 2024</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
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<p>As of the latest update, LINK is currently trading at $17.90, with a notable 94.10% increase in trading volume compared to the previous day. Martinez’s analysis indicates a potential 11.74% increase in the coming hours or days, although surpassing the $20 threshold may pose a considerable challenge for the cryptocurrency.</p> 
<p>Delving into the dynamics of LINK holders, a significant majority, comprising over 75% of LINK holders own 62.9 million LINK valued at an impressive $1.12 billion. On the flip side, 22.69% of LINK wallets, holding 18.56 million tokens, find themselves “out of the money,” signaling losses for investors who bought the coin at higher market values.&nbsp;</p> 
<p>A smaller fraction, constituting 0.40%, neither incurred losses nor enjoyed profits with 325,830 LINK. As Chainlink continues to defy market trends, all eyes are on whether it can overcome the $20 resistance level and sustain its impressive momentum.</p> 
<h4 class="wp-block-heading" id="h-read-also">Read also:</h4> 
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 <li><a href="https://cryptonewsland.com/when-market-trends-favor-chainlink-predicting-its-next-big-move-towards-18/">When Market Trends Favor Chainlink: Predicting Its Next Big Move Towards $18</a></li>
 <li><a href="https://cryptonewsland.com/chainlink-link-price-analysis-aug-week-4-to-sept-week-2/">ChainLink (LINK) Price Analysis Aug Week 4 to Sept Week 2</a></li>
 <li><a href="https://cryptonewsland.com/what-the-2-1-million-liquidation-in-chainlink-means-for-links-future/">What the $2.1 Million Liquidation in Chainlink Means for LINK’s Future</a></li>
 <li><a href="https://cryptonewsland.com/shiba-inus-upswing-potential-top-analyst-forecasts-surge-to-0-011/">Shiba Inu’s Upswing Potential: Top Analyst Forecasts Surge to $0.011</a></li>
</ul> 
<p>The post <a href="https://cryptonewsland.com/top-analyst-predicts-chainlinks-continued-gains-after-12-surge/">Top Analyst Predicts Chainlink’s Continued Gains After 12% Surge</a> appeared first on <a href="https://cryptonewsland.com">Crypto News Land</a>.</p>

Top Analyst Predicts Chainlink’s Continued Gains After 12% Surge

Crypto News Land

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