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Altcoin

Chainlink Unlocks 19M LINK as Whale Makes Big Moves

by Ouess
written by Ouess

Chainlink has unlocked 19 million LINK tokens worth $269 million as part of its routine quarterly release. While this isn’t unusual, the latest unlock has sparked interest due to a high-profile trader’s recent actions on the Hyperliquid platform.

Where Did the Unlocked LINK Go?

Out of the 19 million LINK tokens, 14.875 million LINK ($212.9 million) were transferred to Binance, likely to boost liquidity, as most LINK trading volume occurs there.

The remaining 4.125 million LINK ($56.2 million) moved to a multi-signature wallet (0xD50), following Chainlink’s usual distribution strategy.

Key LINK Unlock Stats:

📌 Since August 2022, Chainlink has unlocked 176 million LINK ($2.43B current value).
📌 151.3 million LINK have been deposited to Binance at an average price of $11.41.
📌 Chainlink still holds 342.5 million LINK ($4.7B) in non-circulating supply contracts.

This ongoing strategy aims to maintain liquidity and support trading volume, reinforcing LINK’s role in the crypto ecosystem.

High-Profile Trader Shifts Focus to LINK

On-chain data from Lookonchain reveals that a well-known whale, dubbed “ETH 50x Big Guy,” has recently made bold moves in LINK trading.

Whale’s Trading Activity:

🔹 Opened a $31,000 long position on LINK with 10x leverage.
🔹 Executed trades on Hyperliquid and GMX.
🔹 Purchased 863,174 LINK ($12.1 million USDC).
🔹 Gradually swapped LINK into stablecoins just hours after opening the position.

This trader gained notoriety after a $4 million leveraged trade loss on Hyperliquid. Following this, the platform announced risk management updates to prevent similar large-scale liquidations.

Hyperliquid Tightens Trading Rules

To address risks from large leveraged trades, Hyperliquid will update margin requirements starting March 15.

🔸 Traders must maintain a 20% margin ratio on margin transfers.
🔸 Cross-margin trading will remain unaffected unless usage exceeds 5x after opening an isolated position.
🔸 The update aims to reduce market impact from large trades while still allowing up to 40x leverage.

LINK Price Rebounds Despite Market Volatility

Despite these major transactions, Chainlink’s price rose 4% in the last 24 hours, reaching $13.90. This recovery follows a 12% weekly decline and a 27% drop over the past month.

With whale activity, ongoing token burns, and market adjustments, LINK remains a closely watched asset in the crypto space.

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Altcoin

Shiba Inu and Chainlink: A Game-Changing Partnership

by Ouess
written by Ouess

Shibarium has adopted Chainlink’s Cross-Chain Interoperability Protocol (CCIP) and the Cross-Chain Token (CCT) standard. This integration allows Shiba Inu’s tokens—SHIB, LEASH, and BONE—to operate securely across 12 blockchains.

Unlocking New Potential for Shibarium

The partnership brings:

  • Secure Cross-Chain Transfers: Leveraging lock-and-mint and burn-and-mint mechanisms for seamless token movement.
  • Advanced Data Integration: Chainlink Data Streams provide real-time, high-frequency market data for efficient DeFi operations.

Developers can now build innovative cross-chain decentralized applications (dApps), paving the way for new use cases in DeFi and beyond.

What This Means for Shiba Inu’s Ecosystem

This collaboration is part of Shibarium’s ongoing upgrades. Recent enhancements include improved user privacy through advanced encryption and a potential fork via the Shibarium Bridge upgrade.

By integrating Chainlink’s solutions, Shibarium aims to:

  • Increase adoption of its tokens.
  • Drive innovation in decentralized finance.
  • Solidify its role as a leading blockchain ecosystem.

Chainlink’s Role in Blockchain Growth

Shiba Inu isn’t the only ecosystem benefiting from Chainlink’s technology. Major initiatives like Hedera, Coinbase’s Project Diamond, and Trump’s World Liberty Financial also leverage Chainlink for:

  • Enhanced data inputs.
  • Seamless asset transfers.
  • Scalable financial applications.

This trend highlights the growing importance of interoperability and secure data solutions in blockchain innovation.

SHIB Price Update

Despite the excitement around this partnership, SHIB’s price has dropped nearly 10%, now trading at $0.00002188. However, long-term prospects remain optimistic as the ecosystem continues to expand.

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Altcoin

Chainlink Price Dips as $30 Resistance Holds

by Ouess
written by Ouess

The native cryptocurrency of Chainlink (LINK) is under pressure, falling 2% during Tuesday’s market session. While Bitcoin continues to set new highs, LINK is facing challenges, with strong selling activity at the $30 mark limiting its growth.

Whale Activity Sparks Optimism

Despite the price pullback, on-chain data shows encouraging signals. A prominent crypto whale withdrew another 100,000 LINK, worth $2.95 million, from Binance earlier today. According to Lookonchain, this whale has accumulated 529,999 LINK tokens, valued at $15.5 million, over the past three days.

https://twitter.com/lookonchain/status/1868843017500807324?t=YXcykW_oJ1hyTR4BKW4XuA&s=19

Typically, such large-scale withdrawals indicate bullish sentiment. When whales move tokens off exchanges, they are often preparing for long-term holding or staking, reducing sell-side pressure in the market.

Fibonacci Levels Show Key Support Zones

Chainlink has faced aggressive selling above $30 since last weekend. This is evident in the rejection candles seen on the price chart. While Bitcoin’s rally above $100k has propelled most altcoins upward, LINK buyers are struggling to sustain a breakout beyond $30.

If the selling continues, LINK could drop 6% to test the $25.6 support level. This level aligns with the 23.6% Fibonacci retracement and the 20-day EMA, providing a potential bounce point for buyers.

Should support hold at $25.6, buyers may attempt to retake the $31 resistance, with a potential rally toward $36. This would represent a 30% growth opportunity. Additional key support lies at $25.7 and $22.2, corresponding to the 38.2% and 50% Fibonacci levels.

Outlook for Chainlink Buyers

While LINK’s recent price action shows signs of resistance, the ongoing accumulation by whales could signal a positive turn. If the coin finds support at key Fibonacci levels, it may regain upward momentum. For now, traders should monitor the $25.6 support zone and volume trends for signs of a potential breakout.

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Altcoin

Chainlink Price Surge: Is $30 the Next Target?

by Ouess
written by Ouess

Chainlink (LINK) has gained 36.55% over the past week, reaching $25, its highest value since January 2022. This sharp rise aligns with an ongoing altcoin rally, erasing months of market losses. Indicators suggest LINK could continue climbing in the coming weeks.

Bearish Sentiment Could Benefit Chainlink

Despite the rally, Chainlink’s Weighted Sentiment remains in the negative zone, according to data from Santiment. Weighted Sentiment reflects the market’s perception of an asset. A negative reading often means retail investors haven’t entered the market yet, leaving room for further growth.

Chainlink Weighted Sentiment. Source: Santiment

Santiment highlighted this dynamic on X , noting, “Markets move opposite to the crowd’s expectations. Retail disbelief could fuel LINK’s rally further.”

Rising Investor Confidence

Another bullish signal for LINK comes from its Coins Holding Time metric. This data shows most investors are holding their tokens longer, suggesting confidence in future gains. An increase in holding time often correlates with strong price momentum, as fewer tokens are sold.

Chainlink Coins Holding Time. Source: Santiment

Additionally, whales are playing a significant role. Rising buying pressure from large investors has helped drive LINK’s recent surge.

Chainlink Price Prediction: $30 Within Reach?

On-chain analysis shows strong support between $22 and $25, as per IntoTheBlock’s In/Out of Money Around Price (IOMAP) metric. This support could act as a springboard for LINK to target $30.

Currently, 79% of LINK holders are in profit, reflecting solid investor positioning. However, sustained buying momentum is crucial for further price gains.

If selling pressure grows, LINK risks dropping below the $20 mark. But for now, market dynamics favor a continued upward trajectory.

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Story

TRON Integrates Chainlink to Enhance DeFi Security

by Ouess
written by Ouess

TRON has announced a strategic partnership with Chainlink, adding Chainlink’s trusted data feeds to its DeFi infrastructure.

This collaboration represents a significant upgrade, designed to enhance the security and reliability of TRON’s decentralized finance (DeFi) offerings.

How Chainlink Data Feeds Benefit TRON DeFi

Chainlink’s data feeds are essential for delivering accurate, tamper-resistant price data to decentralized applications (dApps). TRON’s largest DeFi platforms, including JustLend and JustStable, now have access to secure off-chain data to support safe transactions and settlement of smart contract.

During the recent SmartCon 2024 event, Chainlink revealed that its Data Feeds protect tens of billions of dollars in total value locked (TVL) across DeFi protocols and have powered over $16 trillion in blockchain transactions. Justin Sun, TRON’s founder, shared his excitement, noting this move will support over $6.5 billion in TRON’s TVL.

New Oracle Solution Replaces WINkLink

This integration replaces TRON’s previous oracle, WINkLink, with Chainlink’s proven infrastructure. Known for its security and accuracy, Chainlink’s solution safeguards smart contracts from manipulation risks by delivering essential price data.

TRON joins other major blockchains adopting Chainlink’s oracles, enabling secure access to external data sources. The move aligns with TRON’s efforts to establish itself as a leading player in DeFi while focusing on innovation despite past challenges linked to regulatory scrutiny.

Chainlink’s SCALE Program Lowers Costs for Developers

Through Chainlink’s SCALE program, TRON aims to ease entry for developers by initially covering operational costs, including transaction fees for Chainlink oracles. This subsidy will remain until dApp usage is sufficient to cover these costs, reducing barriers for developers and promoting innovation within the TRON ecosystem.

Sam Elfarra, TRON DAO’s community spokesperson, emphasized the partnership’s value, saying it gives TRON developers access to “the industry-leading data oracle solution.” By partnering with Chainlink, TRON continues to bolster its DeFi infrastructure, reflecting its commitment to security and the decentralized future.

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Altcoin

Chainlink (LINK) Eyes $15 as Bullish Momentum Builds

by Ouess
written by Ouess

Chainlink (LINK), a prominent player in blockchain technology, is gaining momentum with bullish signs pointing to a possible breakout. Recently, LINK has formed an ascending triangle pattern, a setup known for its bullish implications.

This trend has investors and analysts eyeing the $15 mark as a critical target for further gains, hinting at a promising outlook.

Chainlink Price Target: Analysts Set $15 as Key Breakout Level

Crypto analysts recently highlighted Chainlink’s bullish setup, with LINK nearing a significant breakout point. The price action is moving within an ascending triangle pattern, indicating the potential for a sustained bullish run. If LINK breaks past its current resistance level, it could unlock further upside movement.

As LINK nears $12.10, the next target lies at $13, with $15 identified as a crucial breakout point. Success in crossing this resistance could confirm a lasting uptrend, adding strength to Chainlink’s growth potential.

Technical Indicators Reinforce Bullish Sentiment

The Moving Average Convergence Divergence (MACD) indicator points to further gains, as the MACD line has crossed above the signal line, a classic bullish sign. Positive green bars on the MACD histogram signal growing buying pressure, underscoring the potential for continued momentum.

Holder Profitability Signals Support for Further Gains

Chainlink’s recent performance highlights solid profitability among its holders, with nearly 60% of LINK holdings “In the Money.” This high profitability, combined with the ascending pattern, strengthens Chainlink’s case for a potential rally, especially if the $15 target is reached.

Source: IntoTheBlock

Chainlink’s upward trajectory shows promising signs, with both technical patterns and rising investor optimism suggesting room for sustained growth. A successful move past $15 could further solidify LINK’s bullish position in the market.

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Altcoin

Chainlink Faces Bearish Trends Amid Network Inactivity

by Ouess
written by Ouess

Chainlink (LINK) is facing significant bearish pressure as network inactivity continues to impact its price. Despite some bullish signals in the broader market, Chainlink struggles to gain momentum.

Chainlink’s Bearish Indicators

The recent decline in Chainlink’s price might continue due to a troubling Network Value to Transaction (NVT) ratio. The NVT ratio, which has reached its highest level in over four years, suggests that the network’s value is overstretched relative to its transaction volume. This condition often precedes price corrections, signaling potential difficulties ahead for LINK.

Chainlink NVT Ratio. Source: IntoTheBlock

Adding to these concerns is Chainlink’s Relative Strength Index (RSI), a key momentum indicator. Currently, the RSI is in negative territory, highlighting ongoing bearish momentum. While there are hints of bullish momentum building, LINK may struggle to break out until the RSI moves above the neutral line, signaling stronger buying pressure.

LINK Price Prediction: Recovery Remains Challenging

At its current price of $10.42, Chainlink is far from recovering its recent losses. With LINK at a ten-month low, the path to recovery seems uncertain. Consolidation below $11.00 appears to be the most likely scenario, with limited chances of a breakout. The altcoin could remain range-bound between $9.35 and $11.00.

However, if LINK manages to flip the $11.00 resistance into support, it might trigger an uptrend, potentially reaching $11.99. Breaking this level could invalidate the bearish outlook and open the door for further recovery.

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DeFi

Chainlink’s Digital Asset Sandbox Accelerates Web3 Adoption

by Ouess
written by Ouess

Chainlink Digital Asset Sandbox is revolutionizing how mainstream institutions pilot and explore digital assets. Launched on July 18, this turnkey solution helps legacy financial firms seamlessly enter the web3 space.

Accelerating Web3 Adoption

Chainlink’s Digital Asset Sandbox (DAS) is designed to enable financial institutions to launch tokenization pilots and proofs-of-concept within days. This platform accelerates digital asset innovation, allowing firms to experiment with the technology’s impact on their operations and business models.

Kevin Johnson from Euroclear highlights the DAS’s benefits, stating, “The Digital Asset Sandbox provides a safe environment for financial institutions and fintechs to experiment, learn, and build a strong business case for digital asset strategies.”

Cross-Chain Interoperability Protocol

Chainlink’s Cross-Chain Interoperability Protocol (CCIP) also plays a significant role in this ecosystem. CCIP enables asset and message transfers across multiple web3 networks. Since its permissionless rollout in April, the value of assets transferred via CCIP has skyrocketed from $5 million in mid-March to $177.8 million, as reported by Dune Analytics.

Conclusion

Chainlink’s Digital Asset Sandbox is a pivotal tool for mainstream institutions exploring web3. By providing a secure and versatile environment for tokenization and digital asset experimentation, DAS is set to drive significant advancements in the financial sector.

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Forecast

Chainlink (LINK) Price Analysis: Is $20 Next?

by Ouess
written by Ouess

The Chainlink (LINK) rate has actually been retracing given that November 11, when it got to a brand-new yearly high.

After the drop, LINK produced a higher short on November 22. Is this the start of an additional upward movement?
The technological analysis from the regular timeframe shows that the LINK rate broke out from a greater than 500-day horizontal resistance location in October.

The LINK price increase was swift, resulting in four succeeding bullish regular candle holders, finishing with a new yearly high of $16.60 2 weeks ago. This was a boost of 130% in 4 weeks.

LINK USDT weekly chart Source : tradingView

The favorable fad ended last week when LINK created the first bearish weekly candlestick given that the breakout.
Market traders make use of the RSI as an energy sign to identify overbought or oversold problems and to decide whether to collect or market an asset.

Analyses over 50 and an upward pattern suggest that bulls still have an advantage, whereas analyses listed below 50 recommend the contrary.

The RSI is increasing and over 50, both indicators of a positive fad. Nevertheless, the indication is additionally deep in overbought area.
Cryptocurrency investors and experts on X are favorable.
Mr.Ape believes the LINK price will boost due to both technological and fundamental reasons. He specified that:

Bitcoin Inside story noted that the liquidity is developing below the price rather than over it, which can militarize a higher motion.

Ultimately, Tony Bitcoin charted a descending wedge pattern, and he recommended the breakout above it will certainly activate a sharp higher motion.

It is additionally worth keeping in mind that the concern movement for Chainlink staking v0.2 will certainly get on November 28.

LINK Rate Forecast– Is $20 Following?
The daily timeframe technical evaluation gives a bullish outlook due to the Elliott Wave count and RSI readings.

Utilizing the Elliott Wave concept, technical analysts analyze lasting cost patterns and capitalist psychology that recur to figure out the direction of a trend.

A closer take a look at the count shows that LINK started a five-wave higher motion (black) in June. In it, wave three prolonged, having 2.61 times the length of wave one.

If the matter is appropriate, the LINK rate is in wave four, which is rehabilitative. Wave 4 typically takes the shape of a triangular, so LINK might consolidate above 0.382 Fib retracement assistance level at $12.50 (white) before starting one more higher movement.

The day-to-day RSI sustains this possibility, since it has created covert bullish aberration (eco-friendly line), an indication of pattern continuation.

LINK USDT Daily chart Source : tradingView

A possible target for the top of wave 5 is 33% above the current rate, at the long-term $19.50 resistance. An outbreak from the triangle pattern would certainly validate this.

In spite of this bullish LINK rate forecast, a decrease below the 0.382 Fib retracement assistance level at $12.50 can cause a 30% decrease to the 0.618 Fib assistance at $10.

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Forecast

Experts Predict a Rebound for Chainlink and a Rise for Fetch.ai: The Future of Cryptocurrency

by Ouess
written by Ouess

Experienced cryptocurrency analyst, The Flow Horse, suggests that the decentralized oracle network based upon Ethereum (ETH), Chainlink’s (LINK) significant decrease might lead to a substantial rebound. In addition, the analyst anticipates the rise of synthetic intelligence-based altcoin, Fetch.ai (FET), to continue.

The enigmatic cryptocurrency specialist, The Flow Horse, shared on their X social networks account that Chainlink’s LINK token shows up poised to resume its upward trajectory, having recently gave up the gains it had made earlier in the month.

In their analysis of LINK, the expert claimed, “I have gotten LINK once more and I intend to get even more. It has actually currently retraced by 22% and even if it reaches $12, I believe we will experience a strong rebound. All employment opportunities have actually been shut, yet the cost stays durable.”

Source : Trading View

The Flow Horse, a keen onlooker of the cryptocurrency market, has shared their objective to buy up Fetch.ai (FET) throughout durations of decrease, gave the altcoin remains to demonstrate a total upward trajectory. The expert emphasized their rate of interest in FET, mentioning its association with expert system as an one-of-a-kind and promising element that sets it apart from other cryptocurrencies.

Source : Trading View

Although the confidential cryptocurrency analyst anticipates an increase in LINK and FET, they warned that there is not nearly enough capital in the marketplace to sustain the long-lasting growth of all altcoins which lots of encouraging altcoins will eventually vanish. The Flow Horse expressed their ideas on this matter:

Something is clear, there is not enough resources out there to suffer the long-term increase of altcoins. Only different high-beta assets are being passively indexed, which can be achieved up until a certain ceiling is gotten to. In this procedure, you either pick altcoins that will certainly bring you earnings or you choose to deflate the buzz of some altcoins that will take way too much air. The option is yours.

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