- Chainlink was on the list of the top 10 purchased tokens among the 100 biggest Ethereum whales.
- A few metrics were bearish, but the market indicators suggested otherwise.
Chainlink [LINK] continued to increase its adoption with new partnerships, the latest being with Elure Labs. As per the official announcement on 13 January, Elure Labs has integrated Chainlink Price Feeds to help ensure that collateralization ratios were calculated based on tamper-proof market data.
Кредит берүү протоколу @eulerfinance интегралдык Link #Chainl Price Feeds to help ensure that collateralization ratios are calculated based on tamper-proof market data.
Watch the video to understand how the integration helped increase user confidence in the #DeFi platform 📺👇 https://t.co/BJ62vb5c8g
— Chainlink (@chainlink) January 26, 2023
Канча Бүгүнкү күндө 1,10,100 XNUMX XNUMX LINKs?
Apart from the new integration, LINK also remained one of the top choices for the whales. WhaleStats, a popular Twitter account that posts updates related to whale activity, revealed that LINK was on the list of the top 10 purchased tokens among the 100 biggest Ethereum whales on 26 January.
ДАЛ IN: $ LINK @chainlink азыр эң чоң 10 сатып алынган токендин ичинде #ETH акыркы 24 саатта киттер 🐳
Бизде да бар $ SHIB, $ MATIC, $ SNX & $BIT тизмеде 👀
Киттердин лидер тактасы: https://t.co/N5qqsCAH8j#Link #walestats #балкит #BBW pic.twitter.com/XyT1UXQdQW
— WhaleStats (крипто киттерге көз салуу) (@WhaleStats) January 26, 2023
LINK’s chart responded in favor of investors as its weekly chart was painted green. Its price increased by over 11% in the last seven days, and at the time of writing, the token was соода 7.16 миллиард доллардан ашык рыноктук капиталдаштыруу менен 3.6 долларга.
Көрсөткүчтөр эмнени сунуштайт
A few metrics remained in favor of LINK over the last week, while the rest supported a bearish outlook. CryptoQuant’s маалымат revealed that LINK’s exchange reserve was increasing, which indicated higher selling pressure. Similarly, the active addresses and transfer volume also registered a decline.
Сантименттин диаграммасына ылайык, LINK’s DyDx funding rate declined slightly over the past week, suggesting less demand in the futures market. However, the token’s development activity went up substantially.
Moreover, LINK’s popularity increased as its social volume remained high consistently.
Реалдуубу же жокпу, бул жерде LINK'тин BTCдеги базар капкагы шарттары
LINK investors can relax
Carrying forward the bullish stance noted above, LINK’s Exponential Moving Average (EMA) Ribbon revealed a buyer’s advantage in the market because the 20-day EMA was higher than the 55-day EMA.
The Relative Strength Index (RSI) was restive above the neutral mark, which was bullish. Moreover, despite the Chaikin Money Flow (CMF) registering a slight decline, it was still considerably above the neutral mark, further increasing the chances of a continued price surge.
Source: https://ambcrypto.com/chainlink-exploring-the-possibility-of-sustained-whale-interest-amidst-bull-rally/