Chainlink's LINK token surged 14.7% this week, breaking above $8.90 resistance and reaching $9.60 before settling near $9.43. A large holder moved nearly 1 million LINK tokens to Coinbase after accumulating 2.41 million LINK, signaling potential selling pressure. Open interest in LINK futures rose to about $690 million, indicating leverage-driven buying. Chainlink is also set to participate in a White House meeting on August 19 with other crypto firms, which may influence market sentiment. LINK is currently testing a multi-year descending trendline around $9.50-$10.00, with strong support at $7.50-$8.00, suggesting a possible trend reversal if it breaks higher. Additionally, Chainlink announced support for tokenized U.S. stocks on the Hyperliquid platform, expanding its blockchain use cases.
Bitcoin traded near $63,460 on August 17, up 0.7% daily but down 2.3% over the week, facing resistance around $65,000–$66,000 and support at $60,000. The broader crypto market showed mixed results, with Hyperliquid's HYPE and Chainlink's LINK outperf...
Chainlink (LINK) surged 15% over the past week, breaking through the $9.04 resistance to reach $9.56, supported by a 123% spike in trading volume and a 16% rise in derivatives open interest. Large transactions hit a five-month high, with major holder...
Chainlink (LINK) surged 14.7% this week, breaking above $9.60 after defending higher lows and expanding volume. A large whale's recent deposit of nearly 1 million LINK to Coinbase raises potential selling pressure, testing the breakout's strength. Me...
Bitcoin dropped from over $65,000 to just above $63,200 last week, influenced by Strategy's sale of 1,690 BTC. This decline led to a broader market pullback, with major altcoins like ADA and XRP also falling significantly. However, some tokens like C...
A major Chainlink investor broke a 30-day buying streak by transferring $9.2 million worth of LINK tokens to Coinbase, raising concerns about a potential sell-off. The whale had previously accumulated 2.41 million LINK by withdrawing from Binance wal...
