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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

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SEC’s New Crypto Guidelines: How Chainlink Influenced the Future of Blockchain

SEC’s New Crypto Guidelines: How Chainlink Influenced the Future of Blockchain

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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

Bitcoin stalls near record highs amid derivative pressures but breakout potential remains

Bitcoin stalls near record highs amid derivative pressures but breakout potential remains

Bitcoin (BTC) continues to exhibit on-chain strength despite a prolonged period of pr...
SEC’s New Crypto Guidelines: How Chainlink Influenced the Future of Blockchain

SEC’s New Crypto Guidelines: How Chainlink Influenced the Future of Blockchain

The SEC released new guidelines on May 15 that might encourage institutions to invest...