• About
  • FAQ
  • Landing Page
  • Buy JNews
Newsletter
Crypto News
Advertisement
  • Home
    • Home – Layout 1
    • Home – Layout 2
    • Home – Layout 3
  • Bitcoin
  • Ethereum
  • Regulation
  • Market
  • Blockchain
  • Business
  • Guide
  • Contact Us
No Result
View All Result
  • Home
    • Home – Layout 1
    • Home – Layout 2
    • Home – Layout 3
  • Bitcoin
  • Ethereum
  • Regulation
  • Market
  • Blockchain
  • Business
  • Guide
  • Contact Us
No Result
View All Result
Crypto News
No Result
View All Result

ChainLink Addresses Holding 1,000+ LINK Increase by 445 in 1 Month

by
December 5, 2020
in Uncategorized
0
ChainLink Addresses Holding 1,000+ LINK Increase by 445 in 1 Month
189
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter

ChainLink Addresses Holding 1,000+ LINK Increase by 445 in 1 Month 10

Quick take:

Related articles

Spanish Crypto Exchange 2gether Won’t Reimburse All Stolen Funds From the 2020 Hack

Spanish Crypto Exchange 2gether Won’t Reimburse All Stolen Funds From the 2020 Hack

January 27, 2021
3 Things Bitcoin Traders Should Watch in FOMC’s First Meeting of 2021

3 Things Bitcoin Traders Should Watch in FOMC’s First Meeting of 2021

January 27, 2021
  • The number ChainLink addresses holding 1k or more LINK has increased by 445 in one month
  • Such accumulation by whales is usually a precursor to a price increment for any digital asset
  • LINK is consolidating at the $13 price area after a brief drop to $12.50
  • $12 is still a strong support zone for ChainLink
  • The 50-day moving average could provide an area for a bounce towards $14

The number of ChainLink addresses holding 1,000 LINK or more has seen an increment of 445 in the past one month. This is according to data from the team at Santiment feed who also pointed out that such accumulation by LINK whales could be a precursor to a price increment in the days to follow.

The team at Santiment shared their analysis via the following statement and accompanying chart demonstrating an increment in LINK whales.

The amount of high-end #Chainlink investors continue to grow, according to our ‘Holder Distributions’ data. There are 445 more addresses holding 1,000 or more $LINK (currently at least $13,950), compared to last month. The behavior of whale holders tends to be among the best leading price indicators on @santimentfeed, and the rise is encouraging following the drop in whale addresses in late October (coinciding with $LINK‘s drop).

ChainLink Addresses Holding 1,000+ LINK Increase by 445 in 1 Month 8

ChainLink Consolidates at $13 After a Drop to $12.50

In terms of price action, ChainLink is in a downtrend after posting a local peak of $16.43 on the 24th of November. At the time of writing, LINK is trading at $13.20 after dropping to the $12.50 price level late yesterday. The $12 price area continues to be a strong level of support for ChainLink.

ChainLink Addresses Holding 1,000+ LINK Increase by 445 in 1 Month 9

From the daily LINK/USDT chart above, the following can be observed.

  • Trade volume is reducing and in the red thus confirming a downtrend
  • MACD is bearish above the baseline
  • The daily MFI and RSI are at 60 and 45 respectively. These two indicators are also confirming that LINK is in a correction
  • Chainlink’s 50-day moving average is providing support at its current price
  • The 100-day moving average coincides with the earlier mentioned $12 support level
  • If the above two moving averages fail, ChainLink could very well be on a path towards the 200-day moving average around the $10 psychological support area

Summing it up, ChainLink is in the midst of correction that could see LINK retesting $12 or even $10 in the days to follow. However, the 50-day moving average offers adequate support at LINK’s current levels and could provide an avenue for a bounce to $14 in the short term.

As with all analyses of altcoins such as LINK, investors and traders are reminded to have an eye out for any sudden movements by Bitcoin that might cause ChainLink to dip further.

Share76Tweet47

Related Posts

Spanish Crypto Exchange 2gether Won’t Reimburse All Stolen Funds From the 2020 Hack

Spanish Crypto Exchange 2gether Won’t Reimburse All Stolen Funds From the 2020 Hack

by
January 27, 2021
0

Spanish cryptocurrency exchange 2gether has announced that it won’t compensate users for the full amount of bitcoin (BTC) and ether...

3 Things Bitcoin Traders Should Watch in FOMC’s First Meeting of 2021

3 Things Bitcoin Traders Should Watch in FOMC’s First Meeting of 2021

by
January 27, 2021
0

Bitcoin extended its pullback from its weekly high of $32,960 on Wednesday as the market’s focus shifted on the Federal...

Bitcoin Bull Peter McCormack Slams Bank of England Andrew Bailey’s Narratives About Bitcoin

Bitcoin Bull Peter McCormack Slams Bank of England Andrew Bailey’s Narratives About Bitcoin

by
January 27, 2021
0

Bitcoin bull Peter McCormack has slammed the narratives of Andrew Bailey, the Governor of the Bank of England (BOE) regarding...

100,000 Bitcoin Options Scheduled to Expire in Two-Days Time, Indicating a Potential Price Plummet to $28,000

100,000 Bitcoin Options Scheduled to Expire in Two-Days Time, Indicating a Potential Price Plummet to $28,000

by
January 27, 2021
0

Data reveals that 100,000 BTC options are scheduled to expire on crypto exchange Deribit in two days, potentially driving Bitcoin...

Scams are driving South African authorities to regulate crypto trading

Scams are driving South African authorities to regulate crypto trading

by
January 27, 2021
0

The Financial Sector Conduct Authority is demanding tighter regulatory control over cryptocurrency. South African regulators are seeking to exercise more...

Load More
  • Trending
  • Comments
  • Latest
Privacy Coins Monero, Dash, and Zcash to be Delisted on Bittrex, Dash Unhappy with Decision

Privacy Coins Monero, Dash, and Zcash to be Delisted on Bittrex, Dash Unhappy with Decision

January 4, 2021

New Mining Centers Increase North American Market

December 6, 2020

3 Factors That Made Bitcoin Become so Valuable Last Year

December 6, 2020
SushiSwap’s SUSHI Surges 20% Again After Ethereum Price Correction

SushiSwap’s SUSHI Surges 20% Again After Ethereum Price Correction

December 6, 2020
Spanish Crypto Exchange 2gether Won’t Reimburse All Stolen Funds From the 2020 Hack

Spanish Crypto Exchange 2gether Won’t Reimburse All Stolen Funds From the 2020 Hack

0

China Is Reportedly Moving To Clamp Down On Bitcoin Miners

0

Inside the Chinese Bitcoin Mine That’s Grossing $1.5M a Month

0

All You Need to Know About This Whole SegWit vs. SegWit2x Thing

0
Spanish Crypto Exchange 2gether Won’t Reimburse All Stolen Funds From the 2020 Hack

Spanish Crypto Exchange 2gether Won’t Reimburse All Stolen Funds From the 2020 Hack

January 27, 2021
3 Things Bitcoin Traders Should Watch in FOMC’s First Meeting of 2021

3 Things Bitcoin Traders Should Watch in FOMC’s First Meeting of 2021

January 27, 2021
Bitcoin Bull Peter McCormack Slams Bank of England Andrew Bailey’s Narratives About Bitcoin

Bitcoin Bull Peter McCormack Slams Bank of England Andrew Bailey’s Narratives About Bitcoin

January 27, 2021
100,000 Bitcoin Options Scheduled to Expire in Two-Days Time, Indicating a Potential Price Plummet to $28,000

100,000 Bitcoin Options Scheduled to Expire in Two-Days Time, Indicating a Potential Price Plummet to $28,000

January 27, 2021
Crypto News

We bring you the best Premium WordPress Themes that perfect for news, magazine, personal blog, etc. Check our landing page for details.

Categories tes

  • Abra
  • Altcoin News
  • altcoins
  • Altseason
  • Binance
  • Binance (BNB) News
  • Binance Coin (BNB)
  • Binance Ecosystem
  • Binance Smart Chain
  • bitcoin
  • Bitcoin
  • Bitcoin (BTC) Adoption
  • Bitcoin (BTC) General News
  • Bitcoin (BTC) News
  • Bitcoin (BTC) Predictions
  • Bitcoin Cash (BCH)
  • Bitcoin Cash (BCH) General News
  • Bitcoin dominance
  • Bitcoin Miners
  • bitcoin network
  • Bitcoin price
  • Bitstamp
  • Bittrex
  • Blockchain
  • Blockchain News
  • bloomberg
  • Brad Garlinghouse
  • Business
  • Cameron Winklevoss
  • ChainLink
  • ChainLink (LINK)
  • Chainlink (LINK) News
  • Chainlink Price Prediction
  • Changpeng Zhao
  • charlie lee
  • CME Ethereum Futures
  • CME Group
  • coinbase
  • Coinmarketcap
  • cryptocurrency
  • Dash (DASH)
  • DeFi
  • DeFi Pulse
  • Deribit
  • Electric Coin Company
  • ETH 2.0
  • ETH2.0
  • Ethereum
  • Ethereum (ETH)
  • Ethereum (ETH) News
  • Ethereum 2.0
  • Ethereum Classic (ETC)
  • Ethereum Futures
  • Ethereum Network
  • ethereum price
  • Ethereum price analysis
  • Ethereum Staking
  • Ethereum Upgrade
  • Ethereum Upgrades
  • Flare Networks
  • Flare Networks Snapshot
  • Gemini
  • google
  • Grayscale
  • Grayscale Bitcoin Trust (GBTC)
  • Guide
  • Guides
  • Institutional Investors
  • justin sun
  • JustSwap
  • LINK Marines
  • Litecoin
  • Litecoin (LTC)
  • Litecoin (LTC) News
  • Litecoin Development
  • litecoin foundation
  • Litecoin MimbleWimble
  • Market
  • MicroStrategy
  • MimbleWimble
  • Mining
  • Monero (XMR)
  • News
  • NFT
  • NFTs
  • Non-Fungible Tokens
  • Other
  • Pantera Capital
  • Poloniex
  • Prices
  • Regulation
  • ripple
  • Ripple
  • Scams and Hacks
  • sec
  • Securities and Exchange Commission
  • Spark Token (FLR)
  • Spark Token Airdrop
  • Spark Tokens (FLR)
  • Tether (USDT)
  • Tron (TRX)
  • TRON (TRX) News
  • Tron Foundation
  • Twitter
  • Tyler Winklevoss
  • Wallets and Exchanges
  • Weiss Ratings
  • Wrapped Bitcoin (WBTC)
  • XRP
  • XRP News
  • XRP Price Prediction
  • Yearn Finance (YFI)
  • Zcash (ZEC)
  • ZCash Halving
  • Zeus Capital
  • Zilliqa (ZIL)
  • Zilliqa (ZIL) News
  • Zilliqa Staking

Tags

Altcoin Bitcoin drops Bitcoin Wallet Cointelegraph Cryptocurrency ICO Investment Lending Market Stories Mining Bitcoin

Newsletter

[mc4wp_form]

  • About
  • FAQ
  • Support Forum
  • Landing Page
  • Buy JNews
  • Contact Us

© 2017 JNews - Crafted with love by Jegtheme.

No Result
View All Result
  • Contact Us
  • Homepages
  • Business
  • Guide

© 2018 JNews by Jegtheme.