LINK Surge and Token Movements Spark Investor Enthusiasm
Login
Free Crypto Signals Join Our Telegram

LINK Surge and Token Movements Spark Investor Enthusiasm

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


LINK Surge and Token Movements Spark Investor Enthusiasm Chainlink’s surge and token movements spark investor enthusiasm. Chainlink recently experienced a notable upswing, marked by a 17% surge in the LINK token’s value. This momentum coincides with a strategic withdrawal of 19 million LINK tokens from non-circulating supplies, amounting to $341 million. This deliberate reduction signals a scarcity strategy, sparking heightened investor interest.
 


The market’s total supply of 412.5 million LINK tokens, valued at $7.35 billion and distributed across 24 contracts, lays the foundation for increased scarcity dynamics. Despite encountering resistance at $20, the orchestrated token movements may bolster bullish sentiments. This strategic maneuver positions Chainlink favorably for potential market gain. Investors are closely monitoring these crypto signals for potential opportunities.

Key Chainlink Levels To Watch – February 4 
LINK Surge and Token Movements Spark Investor Enthusiasm

The formation of the swing high at $17.680 led to a massive decline into the $12.540 demand zone. Following the sell-side liquidity grab into the $12.540 demand zone, LINKUSD resumed its bullish trend.
 
According to the Moving Average, the market environment is bullish. However, a short retracement to the mitigation block is highly probable, as the RSI (Relative Strength Index) indicates that the market is overbought.

Support Levels: $12.540, $8.260, $5.740 
Resistance Levels: $18.870, $21.260, $23.910

Total Market Capitalization: $1.64T
Chainlink Market Capitalization: $10.7B
Chainlink Volume: $590M
Market Rank: #11

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