Ethereum

Satoshi

Internet Computer

RebelSatoshi

Chainlink

<p>We are off to a great start for crypto this week. As Bitcoin and Ethereum are now above $62k and $3.3k, the overall sentiment in the market is positive.</p>
<p>One of the altcoins that’s “waking up” is Chainlink’s LINK with a 5% pump today. <a href="https://coinmarketcap.com/currencies/chainlink/" target="_blank" rel="noopener noreferrer nofollow">The LINK price</a> is now close to $14.</p>
<p>However, that’s not the biggest news when it comes to Chainlink.</p>
<h2 class="wp-block-heading" id="whale-institution-goes-on-a-massive-buying-spree">Whale/Institution Goes on a Massive Buying Spree</h2>
<p>LookOnChain reported yesterday that a mysterious whale or institution accumulated 12.75 million LINK, which is equivalent to $167 million.</p>
<p>They did this with 93 different wallets in the last 3 weeks as they withdrew all of these funds from <a class="thirstylink" rel="noopener noreferrer nofollow" target="_blank" title="Binance" href="https://captainaltcoin.com/go/binance/" data-shortcode="true">Binance</a>.</p>
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr">It seems that a mysterious whale/institution is accumulating <a href="https://twitter.com/search?q=%24LINK&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$LINK</a>!<br><br>We noticed 93 fresh wallets withdrawing 12.75M <a href="https://twitter.com/search?q=%24LINK&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$LINK</a>($167M) from <a href="https://twitter.com/hashtag/Binance?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#Binance</a> since June 24!<a href="https://t.co/SkqA1r0F1N" target="_blank" rel="noopener noreferrer nofollow">https://t.co/SkqA1r0F1N</a> <a href="https://t.co/AJR4fT36VG" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/AJR4fT36VG</a></p>— Lookonchain (@lookonchain) <a href="https://twitter.com/lookonchain/status/1812401921300520995?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">July 14, 2024</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
 </div>
</figure>
<p>Whale accumulation of this magnitude is important for Chainlink holders and potential investors. It demonstrates strong belief in the project’s potential and could be a sign of bigger price movements on the horizon.</p>
<p>When large players make such substantial investments, it often indicates confidence in the asset’s future value and utility. This accumulation might also reduce the available supply in the market, potentially leading to increased demand and price appreciation.</p>
<p><em><strong>Read also: <a href="https://captainaltcoin.com/heres-why-internet-computer-icp-price-is-pumping/" target="_blank" rel="noopener noreferrer nofollow">Here’s Why Internet Computer (ICP) Price is Pumping</a></strong></em></p>
<h2 class="wp-block-heading" id="link-price-forecast-and-analysis">LINK Price Forecast and Analysis</h2>
<p>I took a look at the LINK/USD price chart. There’s not much different to see there compared to most top altcoins right now; the price is in a downtrend as it’s trading well below its yearly high of around $20. This price was hit in March.</p>
<p>Precisely, LINK has been trading in a descending triangle pattern, as marked with purple lines on the chart below:</p>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="411" src="https://captainaltcoin.com/wp-content/uploads/2024/07/image-528-1024x411.png" alt="" class="wp-image-526316" srcset="https://captainaltcoin.com/wp-content/uploads/2024/07/image-528-1024x411.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/07/image-528-300x121.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/07/image-528-767x308.png 767w, https://captainaltcoin.com/wp-content/uploads/2024/07/image-528-1536x617.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/07/image-528-2048x823.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/07/image-528-373x150.png 373w, https://captainaltcoin.com/wp-content/uploads/2024/07/image-528-100x40.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/07/image-528-871x350.png 871w, https://captainaltcoin.com/wp-content/uploads/2024/07/image-528-788x316.png 788w, https://captainaltcoin.com/wp-content/uploads/2024/07/image-528.png 1772w" sizes="(max-width: 1024px) 100vw, 1024px">
 <figcaption class="wp-element-caption">
  Source: <a class="thirstylink" rel="noopener noreferrer nofollow" target="_blank" title="Tradingview" href="https://captainaltcoin.com/go/tradingview-3/" data-shortcode="true">TradingView</a>
 </figcaption>
</figure>
<p>One worrying sign for LINK is also that it’s now trading below its 200-day moving average. This just shows that the first part of 2024 was not particularly successful for LINK. The 200-day MA is now $16.2, and LINK needs to flip this resistance level into support to “catch” that broader uptrend.</p>
<p>Generally, when the price is trading above the 200-day MA, it’s in an uptrend.</p>
<p>RSI on a daily chart is 62, which means the LINK price still has room for growth before it enters an overbought area.</p>
<p>MACD lines send different signals though, as the MACD line is now below the MACD signal line, which is generally a bearish sign.</p>
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="196" src="https://captainaltcoin.com/wp-content/uploads/2024/07/image-529-1024x196.png" alt="" class="wp-image-526325" style="width: 100%;height:auto" srcset="https://captainaltcoin.com/wp-content/uploads/2024/07/image-529-1024x196.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/07/image-529-300x57.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/07/image-529-768x147.png 768w, https://captainaltcoin.com/wp-content/uploads/2024/07/image-529-1536x294.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/07/image-529-2048x392.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/07/image-529-784x150.png 784w, https://captainaltcoin.com/wp-content/uploads/2024/07/image-529-100x19.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/07/image-529-1828x350.png 1828w, https://captainaltcoin.com/wp-content/uploads/2024/07/image-529-788x150.png 788w, https://captainaltcoin.com/wp-content/uploads/2024/07/image-529.png 1165w" sizes="(max-width: 1024px) 100vw, 1024px">
 <figcaption class="wp-element-caption">
  Source: <a href="https://dexscreener.com/ethereum/0xa6cc3c2531fdaa6ae1a3ca84c2855806728693e8" target="_blank" rel="noopener noreferrer nofollow">DexScreener</a>
 </figcaption>
</figure>
<p>While the overall trend for LINK remains bearish, the recent whale accumulation could potentially shift the momentum.</p>
<p>The modest pump in the last 24 hours might be an early indication of this change. If LINK can maintain its current momentum and break above the descending triangle pattern, we could see a more significant upward move.</p>
<p>However, it’s crucial to note that the market sentiment and Bitcoin’s performance will likely play a role in LINK’s price action.</p>
<p>Traders should keep an eye on the $16.2 level (200-day MA) as a key resistance to overcome before any bigger pumps.</p>
<p><em><strong>Captain just hit his first 100x among a lot 2-5xs. Want to be a part of a profitable community?<br>Get all our future calls by joining our <a href="https://t.me/captainaltcoincom" target="_blank" rel="noopener noreferrer nofollow">FREE Telegram group.</a></strong></em></p>
<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/REBEL-SATOSHI-RECQ-MEME-COIN-qndahijqjwle5mml7gg8my30uqig0eo11vxmtat25a.png" width="500" alt="Check $RECQ Meme Coin" 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-recq-meme-coin-span-a"><a class="re_track_btn" href="https://captainaltcoin.com/go/ll_bottom/" target="_blank" rel="noopener noreferrer nofollow"> <span>Check $RECQ Meme Coin</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 RECQ Today </a>
      </div>
     </div>
    </div>
    <div class="bigofferdesc"><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Serves as the base currency for all transactions within the Rebel Satoshi platform <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>ICO stage, offering tokens at a discounted price <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Facilitates a smooth and efficient economy within the arcade, supporting both arcade and in-game transactions. <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Grants access to a diverse range of gaming experiences in the Rebel Satoshi Arcade, <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Contributes to a decentralized, community-driven RebelSatoshi platform that integrates gaming with elements of revolution, freedom, and unity, appealing to users who value such principles.
    </div>
   </div>
  </div>
 </div>
</div>
<p>The post <a href="https://captainaltcoin.com/mysterious-whale-massively-accumulates-chainlink-will-link-price-pump/" rel="noopener noreferrer nofollow">Mysterious Whale Massively Accumulates Chainlink – Will LINK Price Pump?</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Mysterious Whale Massively Accumulates Chainlink – Will LINK Price Pump?

目錄

CaptainAltcoin

在 2024年7月15日發表的其他文章

Technological Advancements in Bitgert: How It Stacks Up Against Solana

Latest Presale Insights for July 2024

BlockDAG Price Poised to Surge by 40%; Polygon Price Surge as Ethereum Classic Struggles

Bitrue Places Security at the Forefront of User Experience

How BlockDAG X1 Miner App Stole the Spotlight from Shiba Inu and Dogecoin in the Crypto Market

King Doge (KINGDOGE) Solana Memecoin Will Be the Next Viral Memecoin As It Prepares to Surge 16,000%

訂閱免費電子報，每天收取加密貨幣最新動態！