Chainlink (LINK) appears to possess great potentials in the market after the recent on-chain data displaying the existence of an approximate 68,540 addresses that have cumulatively purchased around 406 million LINK tokens between the range of $6.3 and $7. The immeasurable interest has implied a considerable robustness wall that could potentially keep the asset firmly in place and prevent any major declines.

Since February, LINK appeared to sail on an uphill trajectory and conquer previous resistance levels. Nonetheless, the asset encountered an unexpected dip at $7.6 and fell by 6%. Even though the Lows affected by the drop, the overall indications and outlook of Chainlink seemed to remain maintain its confidence.

Another impetus that could be responsible for LINK's perpetual expansion is the prospect of a golden cross looming at the corner. This bullish signal emerges when a short-term moving average crosses above a long-term average, which are usually the 50-day and 200-day moving averages. This intersection underlines an observable change in trends from bearish to bullish, consequently causing an influx of more investors and ascending prices.

When all the factors are measured together, it is not farfetched to anticipate that Chainlink is inclined to be one of the most successful assets in the near-term and rampant future. Currently, LINK has a worth of $7.2 and it is advancing, having gained 0.4% of its value in the past 24 hours.



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