🚀💎 Chainlink (#LINK ) makes a strong comeback, with robust bullish momentum!
LINK recently reclaimed $24, with whales quietly increasing their holdings, while exchange supply decreased by 9.8%📉, showing strong market demand for buying💰. The LINK/ETH ratio rebounded from a key support level, with FOMO sentiment evident and bulls full of confidence🔥.
In August, LINK's weekly increase reached 35.34%, far surpassing Ethereum's 21%, with a cumulative rise of 42% this month, nearly double that of ETH💥. The real highlight is the LINK/ETH ratio, which is close to the key monthly support level. Historical data shows that this support level triggered over 82% quarterly surges in LINK during the fourth quarter, far exceeding ETH's 28%.
In summary, this key support level will determine LINK's next move, with bulls still dominant and short-term opportunities abundant; investors should pay attention to the continuation of the trend🐶💎.
Source: TradingView (LINK/ETH)
📈💎 Chainlink (LINK) continues its bullish momentum, breaking through key support again!
It is worth noting that this strength is reflected across multiple time frames. The daily chart shows LINK rising 13%, outperforming ETH's 9%📊, even as ETH benefits from institutional inflows and supply tightness.
LINK's bullish structure is clearly continuing, but the key test lies at the $24 supply barrier💥. Recently, LINK successfully broke through this level, rising 2.82% intraday, and was the first to rebound to first-quarter levels, allowing holders from the end of the first quarter to mid-third quarter to return to net profit💰.
Next, everything will depend on market sentiment. According to AMBCrypto, the battle between fear and greed is likely to determine whether LINK can maintain its current bullish momentum🔥. Short-term bulls remain dominant, but paying attention to support levels and changes in sentiment is key🐶💎.
🚀🐳 FOMO is coming, and whales are leading Chainlink (LINK) to soar!
As of the time of writing, LINK has successfully reclaimed the $24 mark, marking the first time since February 2 that it has stabilized at this level📈. The biggest question in the market right now is: Is FOMO (fear of missing out) or greed (profit-taking) driving the market trend? Interestingly, holders are not in a hurry to sell, showing strong confidence in future market performance💎.
Despite breaking through the upper resistance level, the inflow of realized profits remains sluggish, leading to insufficient selling liquidity⚡. Meanwhile, whale activity has significantly increased, with on-chain transactions reaching 713 daily, showing that FOMO is driving this wave of increase🔥. Over the past eight weeks, exchange supply has decreased by 20.69 million LINK (-9.8%)📉, tightening liquidity, combined with a trend of concentrated buying, pushing the price up to $24.
Source: Santiment
Overall, Chainlink's structure remains strongly constructive, with ongoing accumulation providing support for further upward movement💰. FOMO-driven buying clearly exceeds profit-taking, with bullish momentum still dominant🐶. Short-term investors should pay attention to key support levels and changes in trading volume, acting in accordance with the trend while monitoring changes in market sentiment to flexibly adjust strategies📊✨.
LINK's current trend not only reflects the power of whales but also the combination of retail confidence and market sentiment—bullish atmosphere is strong, and further upward potential remains promising🚀💎.