Chainlink (LINK)’s big move in a short period of time has investors worried.
Chainlink (LINK) continues to attract attention in the crypto market. In just 48 hours, nine new wallets withdrew a total of 362,380 LINK ($8.19 million) from Binance. This activity in the Chainlink Wheel shows that interest in LINK is growing.
At the time of writing, LIK is trading at $21.87 and is down 4.62% in the last 24 hours. BTC ve ETHDespite the negative course of price declines, investors seem optimistic about Chainlink.
Which levels will be decisive for LINK?
According to technical analysis, it shows that Chainlink is at a turning point. The popular altcoin, which rose to $32 in November, has fallen from that level and is currently trading around $21. If this support level holds, we could see the price move back towards $32. However, if it cannot maintain this level, LINK may test for a lower level.
In the last 24 hours, the number of Chainlink transactions increased by 0.76% and reached 10,000. This increase in transactions shows that the network is becoming more active. Network mobility is generally interpreted as a positive development.
Active addresses also increased by 0.83% in the last 24 hours, reaching 5,700. This increase indicates that the interactions in the chain link network are strengthening in accordance with the aggregation of the whales. An increase in active leaves usually indicates ecosystem growth and reinforces expectations of a boom.
This article does not contain investment advice or recommendations. Every investment and trading venture involves risk, and readers should do their own research when making decisions.
