BITPRISMIA
Chainlink is trading at crucial demand levels after days of consolidation below the $20 mark, struggling to reclaim momentum amid broader market uncertainty. The entire crypto market has faced heightened volatility and instability following weeks of selling pressure. Investors remain on edge after F...
Despite the bearish conditions of the market, LINK addresses holding between 1,000 and 10 million LINK tokens have been accumulating. This indicated a shift toward the long-term potential of LINK.
Although Chainlink was climbing up the popularity chart as per a latest update, LINK struggled to keep the bulls invested as its indicators and metrics painting a slightly concerning picture for the altcoin.
Chainlink was on cloud 9 given its dazzling performance of the last few days. However, with its RSI in the oversold region and long/short ratio making a favorable move in the direction of the shorts, what lies ahead for LINK remains to be seen.