Chainlink

Gains

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/chainlink-investors-see-unexpected-gains" data-wpel-link="internal" rel="noopener noreferrer nofollow">Chainlink Investors See Unexpected Gains</a><br></p>
<p style="text-align: justify"><a href="https://en.bitcoinhaber.net/chainlink-whales-increase-link-holdings-on-chain-data-shows" data-wpel-link="internal" rel="noopener noreferrer nofollow">Chainlink</a>‘s recent surge in price has provided valuable insights into investor behavior. While some holders were quick to capitalize on the increase, others were not as fortunate. Regardless of individual outcomes, on-chain <a href="https://newslinker.co/how-does-artificial-intelligence-work/" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="exclude">data reveals</a> that LINK has reached levels not seen in months, marking a significant milestone for the token. On July 21, LINK’s price hit $15 for the first time in over a month.</p>
<h2 id="network-insights-from-realized-profit-loss-data">Network Insights from Realized Profit/Loss Data</h2>
<p style="text-align: justify">Following this price hike, Santiment data shows the network’s Realized Profit/Loss rose to 106.55 million. This metric indicates whether <a href="https://finance.coin-turk.com/" rel="noopener noreferrer nofollow" target="_blank" data-wpel-link="exclude">investors</a> are selling at a profit or loss. The dramatic shift to 106.88 million in the positive zone suggests many investors benefited from the price jump. However, the increased selling pressure has since caused the price to settle at $14.36, leading to a current Realized Profit/Loss of -13,000, indicating that losses are now more prevalent.</p>
<h2 id="can-link-maintain-its-upward-trend">Can LINK Maintain Its Upward Trend?</h2>
<p style="text-align: justify">The drop in realized profits could actually bode well for LINK’s future price movements. Reduced selling pressure often allows prices to stabilize or climb again. Additionally, an increase in new and active addresses on the network supports potential growth. Recent data from IntoTheBlock shows both metrics have grown over the past week.</p>
<h2 id="investor-takeaways">Investor Takeaways</h2>
<ul>
 <li>Chainlink’s price recently touched $15 for the first time in over a month.</li>
 <li>Realized Profit/Loss data indicates a surge in investor profits during the price increase.</li>
 <li>Technical analysis suggests further potential price rises if selling pressure continues to decrease.</li>
 <li>Growing new and active addresses signal increased adoption and interaction with the Chainlink network.</li>
</ul>
<p style="text-align: justify">From a technical standpoint, LINK’s price could see further gains after breaking out of a falling wedge pattern, typically a bullish indicator. The falling wedge, formed by two descending trend lines, often leads to a reversal and break of the upper resistance. Currently, LINK has broken the $14.15 resistance level, with a positive MACD supporting further upward momentum. If this trend continues, LINK could reach $15.10 and possibly test $16.06. However, sustained losses among holders could see the price drop to $14.13.</p>
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on BH NEWS: </span> <a href="https://en.bitcoinhaber.net/chainlink-investors-see-unexpected-gains" data-wpel-link="internal" rel="noopener noreferrer nofollow">Chainlink Investors See Unexpected Gains</a></h5>

Chainlink Investors See Unexpected Gains

Daftar Isi

BH NEWS

Artikel lain yang dipublikasikan pada 23 Jul 2024

English Football Club, Real Bedford FC, Acquires $4.5 Million in Bitcoin (BTC)

Pixelverse Celebrates 38M Players Milestone with NFT Airdrop

BlockFi Sells FTX Claims at Significant Premium

SEC Approves Ethereum ETFs, Opening Door to Mainstream Crypto Investments

WazirX Launches $23M Bounty Program to Recover Stolen Crypto Assets in Cyberattack

$MEMEFI’s Airdrop And Listings Are Coming Soon

Bergabunglah dengan buletin gratis kami untuk pembaruan kripto harian!