Chainlink (LINK) is gaining significant attention in the crypto space. According to Santiment, its social dominance hit 1.24 on September 7. This is the highest level recorded since December 2023. Social dominance measures the share of online discussions an asset holds against the top 100 cryptocurrencies.
Chainlink ( $LINK ) Social Dominance Spikes To Its Highest Level Since December📈🚀
— TheNewsCrypto (@The_NewsCrypto) September 11, 2024
To know more👇https://t.co/hmsDCAJOxX#Chainlink @chainlink pic.twitter.com/KSEYKQCCVl
The surge indicates a growing interest in LINK among investors and the wider crypto community. Increased discussions often reflect heightened demand or positive sentiment toward an asset. As Chainlink becomes more prominent in crypto conversations, it could signal a potential upward trend for its price. With a strong network and expanding real-world use cases, LINK is well-positioned for future growth.
Key Chainlink Levels To Watch – September 11
The LINKUSD chart shows a break from the descending trendline looms, suggesting a potential reversal in the downtrend. Support around $9.700 has been tested multiple times, providing a strong base for further upward movement.
The next resistance to watch is at $12.540, with a potential rise toward $13.000 if momentum continues. The stochastic oscillator shows a bullish crossover, indicating increasing buying pressure.
Chainlink Key Levels
Resistance Levels: $12.540, $16.260, $19.190
Support Levels: $9.700, $8.260, $6.000
LINK Metrics
Total Market Capitalization: $1.99T
Chainlink Market Capitalization: $6.30B
Chainlink Volume: $191.54M
Market Rank: #15
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