Chainlink (LINK) Shows Resilience Amidst Massive Token Transfer
Login
Free Crypto Signals Join Our Telegram

Chainlink (LINK) Shows Resilience Amidst Massive Token Transfer

Estimated Reading Time: 2 minutes
Article Rating:
Based on 1 vote
Login to rate this article.

Azeez Mustapha

Updated:

Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you are unlikely to be protected if something goes wrong. Take 2 minutes to learn more


Chainlink (LINK) shows resilience amidst massive token transfers as trading volume surges. In a recent development, Whale Alert, a leading blockchain transaction monitoring platform, has reported a substantial movement of LINK tokens. A staggering 3.7 million LINK tokens, valued at over $53 million, were transferred between undisclosed wallets, sparking speculation within the crypto community.

Analysts are assessing the implications for the LINK ecosystem, especially amid concerns of a potential sell-off that could impact prices. Despite these uncertainties, LINK has demonstrated resilience, with minimal immediate market impact. Notably, Chainlink’s trading activity has experienced a notable surge, with a 27.62% increase in the 24-hour trading volume, reaching $319,020,709, indicating growing interest in the token.

Key Chainlink Levels To Watch – May 7 

Chainlink (LINK) Shows Resilience Amidst Massive Token TransferThe market has been declining alongside a diagonal resistance since mid-March 2024. The price crashed following the formation of a head-and-shoulders pattern at the premium zone.
 
Owing to the buying pressure in the FVG (Fair Value Gap) at the discount zone, the market’s environment is about to change. An invalidation of the $16.040 high will lead to a structure shift to the upside.

Resistance Levels: $16.260, $20.740, $22.880 
Support Levels: $12.540, $9.700, $7.110

Total Market Capitalization: $2.34T
Chainlink Market Capitalization: $8.50B
Chainlink Volume: $293M
Market Rank: #16

You can purchase Lucky Block here.  Buy LBLOCK

Note: Learn2.trade is not a financial advisor. Do your research before investing your funds in any financial asset, product, or event. We are not responsible for your investment results.

  • 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