CandleFocus Chainlink’s NVT Ratio Dropping — Has LINK Found the Bottom Now?
2025-02-15
Author: Content Editor
The network value to transaction (NVT) ratio of Chainlink has decreased by 34% in the last 24 hours, indicating a significant increase in transaction volume relative to its market cap. Despite this, the price of Chainlink remains relatively stagnant at around $18. This decrease in the NVT ratio suggests that Chainlink's price is being actively utilized more than it currently reflects, potentially indicating that the network is undervalued. This could lead to a correction in the price and a potential bullish trend reversal if the market recognizes the value. The price of Chainlink is currently testing a descending trendline that previously acted as resistance, suggesting a potential shift from resistance to support. If Chainlink can maintain support at these levels, it could catalyze a recovery phase and drive prices higher. On the other hand, failure to hold these gains could see the price retreat to lower support levels. The liquidation heatmaps also indicate a potential shift in market sentiment towards stability, with significant short liquidations occurring at prices around $19.14, potentially signaling a reversal or stabilization of prices. Overall, these factors suggest that Chainlink's price may be bottoming out and could potentially see a recovery.
Related News
Strategy defies market trends as STRK and Bitcoin holdings surge How did Argentina’s president Javier Milei pull off the largest crypto rug pull in history? Meme Coin Surge: FLOKI Gains 0.5%, Faces Key Resistance Mansa AI Joins Efforts with Bitgert to Reshape the Future of AI-Powered Blockchain Solutions Solana Price Holds Above $190, Eyes $225 and $260 Why Solana is Leading the DeFi Pack on LunarCrush Today Standards for zero-knowledge proofs will matter in 2025 Weak Momentum Pressures Bitcoin, $94,500 Last Defense Before Deeper Drop Bitcoin Price Consolidates: Will BTC Hold $97,500 Support? Today’s Crypto Market: BTC Holds at $97K, LIBRA Meme Coin Crash, JUV, NRN, HOPR Lead Top Performers Scammer impersonates Bermuda premier, promotes fake token Major XRP Ledger (XRPL) Amendment Activated on Mainnet: Details Hex Trust buys Byte Trading: Will institutional investors bite? Here’s How Much DOGE You Need to Become a Millionaire If Dogecoin Price Hits $0.50, $1.00, or $2.00 COTI Falling Wedge Reversal:Can It Hit $0.10 After a 14% Surge? Voltix AI Partners with Solpen to Accelerate AI-Powered DePIN Adoption on Solana Here’s The List Of Altcoins That Have Gained The Most Interest From Whales In The Last One Week Gold-backed Tokens Underperform While Wall Street Calls for Dip Buying in Precious Metal INTO and ChainAware.ai Unite to Enhance Web3 Engagement and Security Federal Judge halts SEC case against Bitcoin miner Geosyn Wrapped AVAX Sees Increased Wallet Accumulation Amid Bybit Card Cashback Adoption OpenSea revamp: Can OS2 set the stage for a potential comeback? Dogwifhat (WIF) Breaks Out: Is a 200% Rally Possible? Crypto Market Reaches $3.24T Cap with $102.7B 24-hour Trading Volume El Salvador Dispatch: How Bitcoin Taught a Nation to Dream Bitcoin Price Analysis: How Likely is for BTC to Break Above $100K This Week? Ethereum News: NYSE Proposes Staking Rule and Pectra Launches on Sepolia while ETH Price Defends Key Zone Elon Musk and Dogecoin: How the Billionaire Became the 'Dogefather' Trump’s trade war: Tariffs, recession risks, and crypto volatility | Opinion Bitdeer's Bitcoin Holdings Rise to 833 BTC Strategy Could Be Eligible for S&P 500 Inclusion in June if Bitcoin Closes Q1 Above $96K Cardano Founder Reveals How Meta, Google, & Apple Can Replace L1 Networks XRP Price Analysis: Bulls Eye $3.40 as Momentum Builds ADA’s Ascending Triangle Signals 40% Upside – Can It Hit $1.50? $1.04 Billion Bitcoin Stun Crypto Exchanges, What's Happening? Why web3 needs to think like Amazon Election Highs to Trump Bets: Polymarket’s High-Stakes Ride Remains 1,200% Above Past Years Analyst Predicts Cardano Price To Hit $20, Here’s Why Chainlink’s NVT Ratio Dropping — Has LINK Found the Bottom Now? Binance Founder Breaks Silence On Libra Crash: “Token Economics Matter” Ethereum Dominates Corporate Blockchain Adoption With NFTs, Tokenized Assets: Galaxy Report 58,303,050 SHIB Burned as Shiba Inu Registers Impressive Weekly Gains NFT sales suffer, Pudgy Penguins plunge: Here’s the latest Bitcoin price at risk? Outlook is bearish as MVRV, fear and greed index fall 600,000,000,000,000 SHIB Blocks Shiba Inu Price From Quadrupling Crypto.com XRP Contracts To Launch in 24 Hours, Will It Send Price to... Has the crypto market lost its way as ‘true economic fundamentals’ give way to meme coin casino? KIP Protocol reveals involvement in Javier Milei-endorsed Libra Veteran Analyst il Capo Shares The Most Likely Scenario He Expects In Altcoins In The Coming Days As Dogecoin Faces Bearish Threat, Investors Rush to ChowWow Presale Real-World Assets (RWA) Coins Market Cap Surges 144% In Three Months XRP in Custodial DeFi? Community Has Better Solution 1.57 Billion XRP Open Interest, Price Gains Fresh Boost Top 5 Altcoins To Watch For The 3rd Week Of February Cardano price could surge after Globant deal, Hoskinson VIP meeting Ripple's Website: No Mention of CBDCs Sparks XRP Community Debate Ethereum Price Analysis: Is ETH in Danger of Falling Below $2,500 Soon? Solana ETF to Be Next, Pantera Capital Points Out 3 reasons why Polkadot price may stage an XRP-like surge Bitcoin's giant 'megaphone pattern' sets $270K-300K BTC price target GT Protocol to Bolster Cloud Gaming in Collaboration with DeepLink Global Here’s why altcoin Mantra just hit a new all-time high Ethereum (ETH) Pectra Testnet Activation Date Confirmed: Details 43,231,268 Dogecoin Liquidation Stuns DOGE Short Traders Harmony (ONE) Maintains $0.350457 Target as Breakout Holds Intent-based solutions can fix DeFi liquidity Ethereum’s Fate is on the Line: Analytics Firm Reveals Must-Hold Price Levels and Resistance Bitcoin Forms Rounding Bottom – Expert Sees Push To $100K Next Week SHIB Price Prediction for February 15 Cardano (ADA) Founder Charles Hoskinson Makes Big Bullish Statements and Bitcoin Price Prediction XRP Skyrockets 17%: Can It Rebound to $3? Key Levels to Watch These Altcoins Soar as Bitcoin (BTC) Holds Steady Above $97K (Weekend Watch) Solana mirrors Ethereum’s 2024 breakout — Is $340 next for SOL? Mantle Joins Chainlink SCALE to Supercharge DeFi With Live Data Feeds COTI Unveils USDC On V2: Paving The Way For Future Stablecoin Partnerships Solana Price Analysis: SOL Reversal to $300 is Imminent Nigerian authorities and Binance executive clash over bribery allegations Trader Says Real-World Asset (RWA) Tokens Looking Better Than Most of the Crypto Market – Here Are His Top Picks Oil Price Drop Sparks Bitcoin Surge: Is $109K the Next Target? Everstake CEO Sergey Vasylchuk on Staking, Institutional Trust, and the Future of Blockchain Governance 253,000,000,000 Shiba Inu (SHIB) Stuns World's Biggest Crypto Exchange NuNet Introduces NuNet Appliance, Breaking Barriers in Decentralized Computing Patient Whale waited for this Altcoin: Sold Today for a Profit of $76 Million – Price Rises Despite the Sale Binance Implements Critical Transparency Update for All Tokens Push Chain Revolutionizes Cross-Chain Accessibility in Partnership with Scroll Over 600K new tokens launched in January, sparking liquidity fears Bitcoin Price Surges Amid International Governmental Adoption - Can It Break $100K? Cardano Lace Wallet Ends PGP Encryption Challenge, Here’s Unexpected Outcome Big Tech’s biggest nightmare? Decentralized AI | Opinion Bullish Flag Spotted on XLM Chart — Price Targets $1.80 Biggest XRP Hater Predicts 883% Price Surge to $24, XRP Army Reacts US Senate Finance Committee investigating Pantera Capital founder for federal tax law violations New Reports from Wall Street Giants Signaling Entry into the Cryptocurrency Industry – Here are the Details Why Is XRP Price Skyrocketing So Fast In The Last 24 Hours? Ripple Printer Hardly Mints RLUSD This Week While Trading Volume Up 35.66% Expert sets XRP's price path to $12.50 Mapping the next targets for Shiba Inu’s price on the charts Analyst Justin Bennett Unveils Challenge Facing Bitcoin Bulls, Says One Factor To Determine BTC Direction DOGE Price Prediction for February 15 Shiba Inu (SHIB) Whales Go Offline: Details Binance Founder CZ Highlights Fed Chair Jerome Powell’s Shifting Bitcoin Stance Changing the Balance: Nasdaq Makes Serious Cryptocurrency Call to SEC Bitrue Hints at Big Things Ahead for XRP: “A Lot Going On” Georgia Plans Bitcoin Investments for State Treasury Funds How to develop a successful AI agent in the crypto world Blockaid: protection of the $5.7 trillion stablecoin economy Ancient Bitcoin Whale Comes Back With $30 Million in BTC After 11 Years' Sleep Lido DAO price forecast: LDO target points to a 115% surge Bitcoin and Altcoins Primed To Go ‘Completely Wild With Irrational Valuations,’ Says Trader – But There’s a Catch U.S. government prioritizes creating a framework for stablecoins, not Strategic Bitcoin reserve. Why? Japanese Energy Firm Remixpoint Has Purchased XRP and Dogecoin Worth $3.9M for Its Reserve Ripple Announces Rebranding of Its Website, Here Are Key Changes President Trump’s Crypto Czar Teases Big Announcement Coming Soon! Dogecoin Price Forecast: Polymarket Traders Bet 22% Chance of New DOGE All-Time High as SEC Hints at ETF Approval Weekend Crypto Watch: ADA, TRUMP, SOL, and PNUT – Price Predictions & Market Moves Can Ethereum Price Hit $10K As Investors Speculate on Solana’s Implosion? Trader Who Profited $13M from TRUMP, MELANIA, and HARRYBOLZ Secures $4.56M Profit Trading LIBRA Floki Price Gearing Up For Massive Rally; Analysts Hint At Looming Breakout Blockchain.com Exchange Hired Former Goldman Sachs Head to Boost Expansion Through IPO Bitcoin network activity hits 12-month lows as transactions drop 55% from peak Trump Media Authorized Investment in Crypto Assets Argentine President-backed LIBRA token tanks 85% as team reportedly dumps $87 million Coinbase CEO predicts 10% of global GDP to be on crypto rails by 2030 Top 3 AI Coins Of The Second Week Of February 2025 Bitcoin Retail Wallets Drop to 5-Month Low as Whales Scoop Up $3.8B in BTC APT Price Prediction: Will This Buy Signal Push Aptos Past $7? XRP to $100: American Basketball Analyst Says There Will Be Signs Argentina’s president withdraws support for LIBRA token, admits to skipping due diligence Allbridge Unveils Seamless Transactions by Integrating with Sui ADA’s Surge Signals Opportunity: 3 Coins to Watch Floki Inu price prediction 2025-2031: Can FLOKI surpass previous ATH? Multiple Network Partners With AIA Chain To Revolutionize On-Chain Transactions With 100K+ TPS And Advanced AI Solutions Top 5 RWA Altcoins Poised for 100x Gains This Cycle Analyst Says Toncoin (TON) May Be Primed for Major Recovery—Here’s Why Analyst Reveals How The XRP Price Will Hit New ATH Of $5 Here’s How Much Shiba Inu You Need to Become a Millionaire If SHIB Hits $0.0004, $0.006 or $0.03 3 New Cryptos Launched This Week to Keep an Eye On Google insists it will maintain AI lead over China’s DeepSeek Solana Price Finally Breaking Out But Faces Pumpfun’s Cash Out TD Sequential Signals Buy — Can dogwifhat Reclaim $1.50? 569,012 Americans Exposed As Massive Data Breach Reveals Names, Financial Account Numbers, Credit and Debit Card Numbers, Security Codes, PINs and More
