Chainlink (LINK) Sees Renewed Interest as Trading Activity Rises
Login

Chainlink (LINK) Sees Renewed Interest as Trading Activity Rises

Estimated Reading Time: 3 minutes
Article Rating:
Based on 1 vote
Login to rate this article.

Azeez Mustapha

Updated:

Chainlink (LINK) sees renewed interest as trading activity rises. Chainlink is attracting fresh attention from investors as its trading activity increases. Recent sessions have shown a roughly 12% increase in volume, with figures nearing $590 million. This surge implies that traders are actively buying at lower price points, which could lay the foundation for a future price rebound. Confidence in Chainlink’s pioneering technology is growing, particularly as it finds applications in a variety of projects.

An important catalyst behind this renewed enthusiasm is the significant acquisition of LINK by Trump’s World Liberty Financial initiative. This move has bolstered the token’s reputation among market participants. Moreover, chatter about a possible Chainlink ETF, along with progress in expanding its Cross-Chain Interoperability Protocol, has added to the optimistic market sentiment. Some experts suggest that if the bullish trend persists and the overall crypto market experiences a recovery, LINK might eventually reach a target of around $50.

Key Chainlink Levels To Watch – February 10

COINBASE:LINKUSD Chart Image by amiraoluwaseyifunmiLINKUSD has recently bounced off a support level near $16.30 and is now trying to reclaim the 9-period Simple Moving Average, which currently sits at about $19.80. If the buying pressure continues, the next resistance to overcome is around $26.00, with further resistance expected near $31.00. Additionally, an upward shift in the Stochastic Oscillator—after leaving oversold territory—lends further credence to a possible continuation of the bullish trend.

LINK Key Levels

Resistance Levels: $26.00, $31.00, $34.00
Support Levels: $16.30, $12.70, $8.10
.
LINK METRICS

Total Market Capitalization: $3.18T
Chainlink Market Capitalization: $11.95B
Chainlink Volume: $321.39B
Market Rank: #11

.
Make money without lifting your fingers:
Start using a world-class auto trading solution
  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
9.8
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
9
  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$250 Min Deposit
9.8
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$50 Min Deposit
9
  • Fund Moneta Markets account with a minimum of $250
  • Opt in using the form to claim your 50% deposit bonus
$250 Min Deposit
9

Learn to Trade

Never Miss A Trade Again

step 1
Signal Notification

Real-time signal notifications whenever a signal is opened, closes or Updated

step 2
Get Alerts

Immediate alerts to your email and mobile phone.

step 3
Entry Price Levels

Entry price level for every signal Just choose one of our Top Brokers in the list above to get all this free.

Share with other traders!

telegram
Telegram
forex
Forex
crypto
Crypto
algo
Algo
news
News