【$LINK may fall】
Three indicators are showing that Link may fall:
1. Risks on the chain and technical indicators:
While LINK has the potential to reach $12, current on-chain indicators and technical signals suggest price may face challenges and growth may be slower than expected.
2. Sharpe ratio decreases:
LINK's Sharpe ratio fell from highs to 0.25, indicating a lower risk-to-reward profile currently. A lower Sharpe ratio means that the volatility of investment returns increases, potential returns may not be enough to compensate for the risks, and short-term investment risks are greater.
3. Reduced network activity:
The number of active addresses, zero balance addresses, and new addresses has decreased significantly, indicating a decrease in user engagement. This is typically a bearish signal, showing that fewer market participants are using the Chainlink network, potentially affecting price.
operate:
LINK’s recent price action shows resistance at $10.74, with the CMF (Chaikin Fund Flow) failing to break above zero, suggesting the rally may be weak.
If CMF continues to move lower, LINK price could fall back to $9.47 or even $8.08.
Conversely, if the market enters a strong bullish phase, LINK could rise to $12.33.