Chainlink (LINK) Shows Potential for Continued Growth Amid Bullish Momentum and Increased Whale Accumulation
Main Idea
Chainlink (LINK) has experienced significant growth, with a 34% price surge in a week, breaking key resistance levels and attracting strong investor interest.
Key Points
1. LINK price surged from around $16 to over $23 in seven days, with a 6.51% increase in the last 24 hours.
2. Trading volume rose by 6.07%, reaching $1.51 billion, indicating heightened investor activity.
3. Whale accumulation increased by 868% in August, contributing to bullish sentiment.
4. The Relative Strength Index (RSI) at 65.71 suggests LINK has room for further growth before becoming overbought.
5. Chainlink's role as a decentralized oracle network enhances its utility, particularly for Ethereum-based applications.
Description
Chainlink (LINK) has surged by 34% in the last week, breaking key resistance levels and attracting significant investor interest. LINK price climbed from around $16 to over $23 in just
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