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Chainlink whales purchased over four million LINKs in ten days. Ali, a well-known cryptocurrency expert, confirmed that approximately 4 million LINKs have been purchased by Chainlink whales in the last ten days. He claims that the total cost of the transaction has reached $24 million.
#Chainlink whales have purchased over 4 million $LINK in just the last 10 days, totaling a staggering $24 million! pic.twitter.com/izwgndcMWM
— Ali (@ali_charts) September 9, 2023
Check out X to see what Crypto analysts have to say about LINK.
As inferred from Ali’s post, there was a noticeable increase in LINK value currently. Although, most market participants are dubious about how long the upcoming rally will persist, a short-term rally is still very likely.
Watch this to discover more. Read below to learn the LINK/USD market status
Chainlink Key Levels To Watch – September 10
According to the MA Cross, the market’s direction is currently bearish. RSI (Relative Strength Index) also reveals that LINKUSD is approaching an oversold state as it crosses the 50.0 level. The ongoing decline began as the price crashed from the $8.400 demand zone.
The market’s trading range since June 2023 has been between $4.930 and $8.440 price levels. As the market approaches the oversold state, the selling momentum decreases. It implies that a reversal will likely occur once an oversold level is reached.
Chainlink Key Levels
Resistance Levels: $7.230, $8.40, and $9.650
Support Levels: $6.020, $5.510 $4.930
Total Market Capitalization: $1.04T
Chainlink Market Capitalization: $3.23B
Chainlink Volume: $0.12B
Market Rank: #21
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