The LINK token has seen a substantial increase in holdings from whales, who are significant holders of the cryptocurrency. Their rapid accumulation of over $6 million worth of LINK has resulted in increased demand for the token and subsequently led to a price surge.
Chainlink’s oracle network has been pivotal in providing secure and reliable data to various blockchain-based services and products. The CCIP’s (Cross-Chain Interoperability Protocol) ability to improve interoperability across diverse blockchains has been a game-changer, benefiting not just LINK but other oracle protocols as well.
Testing Synth Teleporters on @synthetix_io and cross-chain governance on @AaveAave was critical to the launch of #CCIP.
Dive into these use cases with Synthetix Core Contributor @klbyte, @bgdLabs Co-Founder @eboadom, and @ChainlinkLabs CBO @EidJohann 📺👇
— Chainlink (@chainlink) July 20, 2023
LINK’s impressive performance is supported by robust technical indicators, including efforts to overcome long-term resistance levels, a surge in trading volumes, and increased whale activity. These factors suggest the potential for a near-future breakout.
As Chainlink continues to evolve and expand, its influence on the cryptocurrency landscape grows, offering a glimpse into the future of blockchain interoperability and cross-chain applications with exciting opportunities ahead.
Key Chainlink Levels to Watch Out for – July 21
Chainlink has recently witnessed a bullish breakout from a bullish wedge pattern, indicating a potential uptrend. The Moving Averages with periods nine and twenty-one provide support, further reinforcing the ascent towards the high formed in April at 8.80.
Key Levels for LINK
- Demand Levels: 7.500, 6.500, 5.500
- Supply Levels: 8.800, 9.400, 10.609
Total Market Capitalization: $1.2T
Chainlink Market Capitalization: $4.3B
Chainlink Volume: $1.3B
Chainlink Rank: 20
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 or presented product or event. We are not responsible for your investing results.
- Broker
- Min Deposit
- Score
- Visit Broker
- Award-winning Cryptocurrency trading platform
- $100 minimum deposit,
- FCA & Cysec regulated
- 20% welcome bonus of upto $10,000
- Minimum deposit $100
- Verify your account before the bonus is credited
- Over 100 different financial products
- Invest from as little as $10
- Same-day withdrawal is possible
- Fund Moneta Markets account with a minimum of $250
- Opt in using the form to claim your 50% deposit bonus
Learn to Trade
Never Miss A Trade Again
Signal Notification
Real-time signal notifications whenever a signal is opened, closes or Updated
Get Alerts
Immediate alerts to your email and mobile phone.
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.
