Chainlink Price Lags Under $9: Large Binance Inflows Suggest Further Sell-Sid...
The Chainlink price has failed to show any signs of bullish recovery since falling below the $10 level in early February. While these struggles have been spread across the general cryptocurrency market, there has rarely been any indication of optimism for LINK, as the altcoin sits nearly 70% adrift of its cycle high of $25. The latest on-chain data suggests that the Chainlink price could be gearing up for another round of bearish pressure in the coming weeks. $126M In LINK Tokens Move To Binance In A Single Day In a recent post on the X platform, pseudonymous on-chain analyst Darkfost....
Related News
With the Bitcoin price evidently in a bear cycle, there were not a lot of positives to take from the market’s performance in the past month. According to a recent on-chain observation, March seems set to be a continuation of the worrying trend, as a relevant metric paints a bearish picture for the world’s leading cryptocurrency. Whale Activity Rouses Expectations Of Sell Pressure In a recent Quicktake post on the CryptoQuant platform, analyst Arab Chain revealed a critical change in Bitcoin’s whale behavior, as reflected on the Binance Whale To Exchange Flow. This metric....
On-chain data shows Binance observed Bitcoin inflows of almost $200 million a couple of days back as BTC saw its plunge below $27,000. Binance Has Recently Received Large Bitcoin Deposits As pointed out by analyst James V. Straten in a post on X, inflows have recently occurred on the cryptocurrency exchange Binance. The relevant indicator […]
Chainlink (LINK) started a strong rally after a major correction towards the $9.80 level. The price is up over 20% and it is likely to continue higher above the $12.50 resistance. Chainlink token price is surging and it recently broke the $12.00 resistance against the US dollar. The price is still trading well above $11.80 […]
Chainlink (LINK) started a fresh decline after it failed near a major hurdle at $11.00 against the US Dollar. It is down 10% and it could accelerate lower below $8.00. Chainlink token price topped near a major resistance at $11.00 against the US dollar. The price is now trading well below the $10.00 pivot level […]
Chainlink (LINK) started a fresh decline after it failed near a major hurdle at $11.00 against the US Dollar. It is down 10% and it could accelerate lower below $8.00. Chainlink token price topped near a major resistance at $11.00 against the US dollar. The price is now trading well below the $10.00 pivot level […]