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Home»ALTCOIN NEWS»Chainlink: Why the link can rise soon despite the 3% DIP
ALTCOIN NEWS

Chainlink: Why the link can rise soon despite the 3% DIP

By Crypto FlexsApril 22, 20253 Mins Read
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Chainlink: Why the link can rise soon despite the 3% DIP
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  • The decline in the chain link has not been broken.
  • Fall exchange reserves and leaks of exchanges indicated the trend of accumulation.

ChainLink (link) climbed 21.6%from April 9 to April 21 and saw a 3.9%drop in price over the last 24 hours.

This seemed to suggest that the recent dip could be short -term, but tokens have steadily fell in 2025.

Source: cryptoquant

Exchange Reserve Metric has shown that chain links have been flowing more and more since July 2024. This was a sign of the strength of the accumulation.

The holders who move the tokens from the centralized exchange usually refer to the movement to the refrigerator. The influx of connections to exchange reflects the increase in sales pressure.

After a sharp spike on March 14, the reserves fell once again and reached the lowest level since June 2022. Should investors use this as a sign for purchasing more chain links?

What do you support chainlink bulls?

Chain Link Active Address

Source: INTOTHEBLOCK

According to INTOTHEBLOCK’s data, the 7 -day new address change is +40.97%and the activity address has increased 18.46%. During this period, prices rose 6.88%. Together, it reflects optimistic pictures.

As network activity increased, more adoption and demand for links increased, resulting in an increase in prices.

But if you reduce it, you can see that the network activity is much lower than the level reached in November and December.

Therefore, investors should not be too rich due to a sudden rise in sudden activities, but they must wait for continuous adoption to indicate the increase in utility.

Chain Link Net Flow

Source: cryptoquant

In recent reports, it was emphasized that 46.1%of the chain link supply was controlled by whales. Over the past 10 months, Exchange Netflow Metric has seen sudden and sharp links into exchange.

Most recently, it came out on March 14 when 15.7 million chain links tokens were sent to the exchange. The purpose is to sell or use it as a collateral in a futures transaction with a coin.

After this inflow, Netflow Metric reflected the link movement in the exchange. But on the other day, there was a tremendous inflow, but the leak was rarely large.

This can be a signal that whales sell their shares and erode long -term strength.

Chain Link 1 Day Trading View

Source: Link/USDT of TradingView

In the future, the chain link must surpass $ 14- $ 14.5 resistance area before the rally looks good. $ 15.55 is a key resistance of a day.

Brake out beyond this level shows a strong rescue and offers a chance to buy a swing trader.

Daum: Ether Lee: 1.83m a week new user -Jeonju of price recovery?

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