Rally

Show

Resistance

Chainlink

<p>Chainlink’s native LINK token continues to power to new recovery peaks, now trading around $19. According to multiple expert perspectives, the momentum surge may presage a steep continuation towards ambitious upside targets.</p> 
<h2 class="wp-block-heading" id="strong-supply-wall-must-get-cleared-strong"><strong>Supply Wall Must Get Cleared</strong></h2> 
<p>Crypto trader <strong>Ali</strong> <a href="https://twitter.com/ali_charts/status/1754484677098832076" target="_blank" rel="noreferrer noopener nofollow">highlights </a>major supply resistance between $19.40 and $20.03 from over 5,330 addresses holding 8.59 million LINK. Breaking this barrier opens up upsides towards $26.87 (38% increase).</p> 
<figure class="wp-block-image size-large">
 <img loading="lazy" decoding="async" width="1024" height="375" src="https://captainaltcoin.com/wp-content/uploads/2024/02/image-203-1024x375.png" alt="" class="wp-image-433124" srcset="https://captainaltcoin.com/wp-content/uploads/2024/02/image-203-1024x375.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-203-300x110.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-203-765x280.png 765w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-203-1536x562.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-203-2048x749.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-203-410x150.png 410w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-203-100x37.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-203-957x350.png 957w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-203-788x288.png 788w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-203.png 1200w" sizes="(max-width: 1024px) 100vw, 1024px">
</figure> 
<p>Analyst <strong>Rekt Capital</strong> <a href="https://twitter.com/rektcapital/status/1754559388830822651" target="_blank" rel="noreferrer noopener nofollow">asserts </a>LINK is successfully breaking out of its consolidation range. Any short-term dips are likely to be bought for continued upside rather than reversing the confirmed breakout.</p> 
<figure class="wp-block-image size-large">
 <img loading="lazy" decoding="async" width="1024" height="710" src="https://captainaltcoin.com/wp-content/uploads/2024/02/image-202-1024x710.png" alt="" class="wp-image-433116" srcset="https://captainaltcoin.com/wp-content/uploads/2024/02/image-202-1024x710.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-202-300x208.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-202-767x532.png 767w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-202-1536x1065.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-202-2048x1421.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-202-216x150.png 216w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-202-100x69.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-202-505x350.png 505w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-202-788x546.png 788w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-202.png 679w" sizes="(max-width: 1024px) 100vw, 1024px">
</figure> 
<h2 class="wp-block-heading" id="strong-low-risk-rally-favors-sustainability-strong"><strong>Low-Risk Rally Favors Sustainability</strong></h2> 
<p><strong>Upside-Down Crypto Data</strong> <a href="https://twitter.com/upsidedowndata/status/1754576921642332259" target="_blank" rel="noreferrer noopener nofollow">notes</a> that the rally emerged from relatively low risk levels historically. These conditions tend to spur sustained legs higher, especially when surging to new YTD highs.</p> 
<p>Trader <strong>CryptoHotep</strong> <a href="https://twitter.com/CryptoHotep/status/1754715066845250005" target="_blank" rel="noreferrer noopener nofollow">sees </a>$19.50 proving support for LINK’s next “leg up” on any pullbacks. But $17.50 and levels below remain crucial to avoid negating bullish momentum.</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">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"> 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> 
<h2 class="wp-block-heading" id="strong-institutions-stealthily-accumulating-strong"><strong>Institutions Stealthily Accumulating</strong></h2> 
<p>According to <strong><a href="https://twitter.com/lookonchain/status/1754713627259818258" target="_blank" rel="noreferrer noopener nofollow">Lookonchain</a></strong>, a mysterious whale/institution is accumulating LINK, with over $42 million withdrawn from Binance lately into newly created wallets. This signals significant conviction around current prices. A total of 47 fresh wallets withdrew 2,237,504 LINK.</p> 
<figure class="wp-block-image size-large">
 <img loading="lazy" decoding="async" width="1024" height="692" src="https://captainaltcoin.com/wp-content/uploads/2024/02/image-206-1024x692.png" alt="" class="wp-image-433148" srcset="https://captainaltcoin.com/wp-content/uploads/2024/02/image-206-1024x692.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-206-300x203.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-206-767x518.png 767w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-206-1536x1038.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-206-2048x1384.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-206-222x150.png 222w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-206-100x68.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-206-518x350.png 518w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-206-788x532.png 788w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-206.png 1486w" sizes="(max-width: 1024px) 100vw, 1024px">
</figure> 
<p>So in essence, LINK appears perfectly positioned technically and fundamentally for additional parabolic upside. The surging adoption of its cross-chain oracles matches elegantly with historical analysis favoring sharp rallies after low-risk breakouts.</p> 
<p>Yet LINK must still overcome short-term limitations around the supply wall. While risks endure amid the tentative environment, LINK continues to assert itself as an outlier bucking bearish trends, making it an extremely attractive opportunity around current bargain levels.</p> 
<p>You may also be interested in:</p> 
<ul> 
 <li><a href="https://captainaltcoin.com/why-is-arcblock-price-up-by-140-analyst-warns-abt-investors-of-this-metric/" target="_blank" rel="noreferrer noopener">Why is Arcblock Price Up By 140%? Analyst Warns ABT Investors Of This Metric</a></li> 
 <li><a href="https://captainaltcoin.com/why-ronins-price-tumbled-after-a-major-exchanges-listing-mix-up-will-the-ron-listing-lead-to-a-rebound/" target="_blank" rel="noreferrer noopener">Why Ronin’s Price Tumbled After a Major Exchange’s Listing Mix-Up: Will the RON Listing Lead to a Rebound?</a></li> 
 <li><a href="https://captainaltcoin.com/presale-grows-and-grows-ripple-xrp-bnb-bnb-holders-continue-the-bull-run-in-pushd-pushd-presale-as-2024-shows-big-rewards/" target="_blank" rel="noreferrer noopener">Presale grows and grows – Ripple (XRP) &amp; BNB (BNB) holders continue the bull run in Pushd (PUSHD) presale as 2024 shows big rewards</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="nofollow sponsored"> <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-nofollow-sponsored-span-check-nuggetrush-nugx-span-a"> <a class="re_track_btn" href="https://captainaltcoin.com/go/ll_bottom/" target="_blank" rel="nofollow sponsored"> <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="nofollow sponsored"> 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/chainlink-faces-stiff-resistance-between-these-two-key-levels-on-chain-analyst-identifies-47-wallets-accumulating-link/">Chainlink Faces Stiff Resistance Between These Two Key Levels, On-Chain Analyst Identifies 47 Wallets Accumulating LINK</a> appeared first on <a href="https://captainaltcoin.com">CaptainAltcoin</a>.</p>

Chainlink Faces Stiff Resistance Between These Two Key Levels, On-Chain Analyst Identifies 47 Wallets Accumulating LINK

목차

CaptainAltcoin

2024년 2월 6일에 게재된 다른 기사

The growing importance of privacy amongst customers and how businesses should cater to it

Solana Faces First Network Outage in 346 Days

Crypto Prices Today: Bitcoin, Ethereum, Pepe Coin Recover As Solana & BNB Dip

Cryptopia Community Asks: Daily Token Airdrop from Frontier Ships

Meta Announces Expanded Policy for Labeling AI-Generated Images

Why Investors are Moving Money into Kelexo (KLXO) Presale, Tether, and Polkadot

무료 뉴스레터에 가입하여 매일 최신 암호화폐 소식을 받아보세요!