Chainlink Nears Key $15.5 Demand Zone as Metrics Suggest Potential End to Profit-Taking Phase
The post Chainlink Nears Key $15.5 Demand Zone as Metrics Suggest Potential End to Profit-Taking Phase appeared on BitcoinEthereumNews.com. Chainlink is approaching a crucial $15.5 demand zone where selling pressure may ease, potentially halting the recent 17.2% retracement from $19.5. On-chain data indicates profit-taking is slowing, but a rebound is not guaranteed yet. On-chain metrics such as Dormant Circulation and MVRV ratio signal that the selling wave might be ending. Expert analysis from COINOTAG highlights $15.5 as a key support level reinforced by the 50-day moving average and volume profile data. ‘, ‘
The post Chainlink Nears Key $15.5 Demand Zone as Metrics Suggest Potential End to Profit-Taking Phase appeared on BitcoinEthereumNews.com.
Chainlink is approaching a crucial $15.5 demand zone where selling pressure may ease, potentially halting the recent 17.2% retracement from $19.5. On-chain data indicates profit-taking is slowing, but a rebound is not guaranteed yet. On-chain metrics such as Dormant Circulation and MVRV ratio signal that the selling wave might be ending. Expert analysis from COINOTAG highlights $15.5 as a key support level reinforced by the 50-day moving average and volume profile data. ‘, ‘
What's Your Reaction?
