Chainlink (LINK) Sets Its Eyes on Another Jump: Is $20 Possible?

• LINK may be set to hit another high but the price might fall for before the hike.
• The token might drop to $14.78 where the $0.618 Fib level was.
• Open Interest increased, suggesting possible strength for the price to hit $20.

Chainlink’s (LINK) price might be ready for another climb as another round of its non-circulating supply hits the market, Lookonchain disclosed. According to the on-chain tracking platform, 15.95 million LINK was sent into Binance.

This transaction is something Chainlink does every three months, and a total of 95.95 million tokens have been sent since August 2022. Lookonchain also noted that each time this transfer happens, LINK’s price usually increases.

LINK Got Overbought

At press time, LINK’s price was $17.73, representing a 25.59% increase in the last seven days. Furthermore, a …

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