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Chainlink (LINK) Social Surge Spurs Bullish Sentiment

Azeez Mustapha


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Chainlink (LINK) sees a surge in social activity, fueling bullish sentiment among investors. Recent data from Lunar Crush indicates a surge in Chainlink’s (LINK) social activity, suggesting increasing investor interest. With over 138.7 million recent interactions, Chainlink surpasses three other cryptocurrencies combined. Santiment’s insights reveal sustained interest despite minor fluctuations.

On April 22, Chainlink’s social volume peaked at 5,200, representing over 25% of total crypto discussions. This coincides with Chainlink’s consistent value growth, trading at $15.38 last week. Analysts speculate this rise in social activity may foreshadow a bullish trend in Chainlink’s price, highlighting its growing influence in the crypto market.

Chainlink (LINK) Social Surge Spurs Bullish Sentiment The order flow of Chainlink on the daily chart is bearish. However, a reversal has begun as prices reacted to an FVG (Fair Value Gap) in the discount zone.
A further rally from the discount zone is expected to cause a market structure shift to the upside. According to the SMA (Simple Moving Average), the direction of the market is now bullish.

Resistance Levels: $16.260, $17.680, $22.880 
Support Levels: $11.970, $9.700, $5.740

Total Market Capitalization: $2.45T 
Chainlink Market Capitalization: $8.98B
Chainlink Volume: $293M
Market Rank: #16

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Azeez Mustapha

Azeez Mustapha is a trading professional, currency analyst, signals strategist, and funds manager with over ten years of experience within the financial field. As a blogger and finance author, he helps investors understand complex financial concepts, improve their investing skills, and learn how to manage their money.

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