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Cryptorank
MainNewsSantiment Re...

Santiment Reports LINK’s Abnormal Correlation With Price and Supply 


by CoinEdition
Santiment Reports LINK’s Abnormal Correlation With Price and Supply
  • “Unlike many other assets, its price often sees an initial lift when $LINK moves to exchanges.” : Santiment.
  • LINK reached its highest price of $7.30 on September 25.
  • Chainlink may reach the $8.5 resistance level despite it touching the upper Bollinger band.

Santiment, a market analytics tool tweeted that Chainlink (LINK) “Unlike many other assets, its price often sees an initial lift when $LINK moves to exchanges.” The price of Chainlink (LINK) has gone up by more than 23% in 2 weeks due to the exchange supply being transferred to cold wallets. On September 14, the LINK supply peaked at 17.2% making it the 2023 high while within 10 days, that 17.2% spike dropped to 16.4%.

Currently, the supply is at around 15% while the price of Chainlink rose by 9% during the last seven days.  The trading volume of LINK dropp…

The post Santiment Reports LINK’s Abnormal Correlation With Price and Supply  appeared first on Coin Edition.

Read the article at CoinEdition

Read More

Solana (SOL) Price Prediction for May 18: Can Bulls Reclaim $175 Amid Volatility?

Solana (SOL) Price Prediction for May 18: Can Bulls Reclaim $175 Amid Volatility?

The Solana price today is trading around $169.25 after a sharp correction from the $1...
Movement Labs and Mantra Scandal Are Shaking up Crypto Market-Making

Movement Labs and Mantra Scandal Are Shaking up Crypto Market-Making

Forced liquidations, hidden contracts, and backchannel deals are prompting a rethink ...
MainNewsSantiment Re...

Santiment Reports LINK’s Abnormal Correlation With Price and Supply 


by CoinEdition
Santiment Reports LINK’s Abnormal Correlation With Price and Supply
  • “Unlike many other assets, its price often sees an initial lift when $LINK moves to exchanges.” : Santiment.
  • LINK reached its highest price of $7.30 on September 25.
  • Chainlink may reach the $8.5 resistance level despite it touching the upper Bollinger band.

Santiment, a market analytics tool tweeted that Chainlink (LINK) “Unlike many other assets, its price often sees an initial lift when $LINK moves to exchanges.” The price of Chainlink (LINK) has gone up by more than 23% in 2 weeks due to the exchange supply being transferred to cold wallets. On September 14, the LINK supply peaked at 17.2% making it the 2023 high while within 10 days, that 17.2% spike dropped to 16.4%.

Currently, the supply is at around 15% while the price of Chainlink rose by 9% during the last seven days.  The trading volume of LINK dropp…

The post Santiment Reports LINK’s Abnormal Correlation With Price and Supply  appeared first on Coin Edition.

Read the article at CoinEdition

Read More

Solana (SOL) Price Prediction for May 18: Can Bulls Reclaim $175 Amid Volatility?

Solana (SOL) Price Prediction for May 18: Can Bulls Reclaim $175 Amid Volatility?

The Solana price today is trading around $169.25 after a sharp correction from the $1...
Movement Labs and Mantra Scandal Are Shaking up Crypto Market-Making

Movement Labs and Mantra Scandal Are Shaking up Crypto Market-Making

Forced liquidations, hidden contracts, and backchannel deals are prompting a rethink ...