Chainlink breaks $15 – 4 factors backing LINK’s push to $20
The post Chainlink breaks $15 – 4 factors backing LINK’s push to $20 appeared on BitcoinEthereumNews.com. Key Takeaways Chainlink’s breakout above $15 rides on strong taker buy volume, rising address activity, and a 71% long bias. Can bulls flip the $15.5–$16 liquidation zone before momentum starts to fade? Chainlink [LINK] has broken above the psychological $15 resistance, reigniting bullish momentum and setting the stage for a potential rally toward $20. Despite a minor -0.34% dip in the last 24 hours, the overall structure remains intact, with LINK trading at $15.32 at press time. The bullish push follows sustained accumulation pressure and on-chain revival, signaling that investor confidence is returning. With price action still trending within an ascending channel, the setup appears primed for higher targets if momentum persists across market layers. Source: X/Ali Are buyers truly in control? The Spot and Futures Taker Cumulative Volume Delta (90-day) both showed clear signs of Taker Buy Dominance. In plain terms, traders are aggressively hitting market buys, suggesting demand is overpowering supply at the execution level. Naturally, this isn’t just a speculative pop. The synchronized pressure across spot and derivatives markets adds strong confirmation that LINK’s surge is backed by genuine investor conviction. Source: CryptoQuant What’s fueling LINK’s rise? Chainlink’s on-chain metrics confirmed a broader resurgence in investor engagement. Active Addresses spiked 53.79% over the past week, while New Addresses rose by 9.21%. Even dormant accounts joined the fray, with Zero Balance Addresses jumping by a massive 90.93%. This collective rise in participation points to renewed network confidence, often seen during accumulation phases. As more wallets interact with LINK, the odds of strong community-driven demand increase, lending further credibility to the rally above $15. Source: IntoTheBlock Is the derivatives market aligned with the spot breakout? On Binance, the Long/Short (Accounts) ratio reached 2.45, with 71.03% of LINKUSDT accounts positioned long. Thus, the majority of traders anticipated further upside, consistent…
The post Chainlink breaks $15 – 4 factors backing LINK’s push to $20 appeared on BitcoinEthereumNews.com.
Key Takeaways Chainlink’s breakout above $15 rides on strong taker buy volume, rising address activity, and a 71% long bias. Can bulls flip the $15.5–$16 liquidation zone before momentum starts to fade? Chainlink [LINK] has broken above the psychological $15 resistance, reigniting bullish momentum and setting the stage for a potential rally toward $20. Despite a minor -0.34% dip in the last 24 hours, the overall structure remains intact, with LINK trading at $15.32 at press time. The bullish push follows sustained accumulation pressure and on-chain revival, signaling that investor confidence is returning. With price action still trending within an ascending channel, the setup appears primed for higher targets if momentum persists across market layers. Source: X/Ali Are buyers truly in control? The Spot and Futures Taker Cumulative Volume Delta (90-day) both showed clear signs of Taker Buy Dominance. In plain terms, traders are aggressively hitting market buys, suggesting demand is overpowering supply at the execution level. Naturally, this isn’t just a speculative pop. The synchronized pressure across spot and derivatives markets adds strong confirmation that LINK’s surge is backed by genuine investor conviction. Source: CryptoQuant What’s fueling LINK’s rise? Chainlink’s on-chain metrics confirmed a broader resurgence in investor engagement. Active Addresses spiked 53.79% over the past week, while New Addresses rose by 9.21%. Even dormant accounts joined the fray, with Zero Balance Addresses jumping by a massive 90.93%. This collective rise in participation points to renewed network confidence, often seen during accumulation phases. As more wallets interact with LINK, the odds of strong community-driven demand increase, lending further credibility to the rally above $15. Source: IntoTheBlock Is the derivatives market aligned with the spot breakout? On Binance, the Long/Short (Accounts) ratio reached 2.45, with 71.03% of LINKUSDT accounts positioned long. Thus, the majority of traders anticipated further upside, consistent…
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