Chainlink (LINK) Realized Gains Spike as Token Breaks Out of Falling Wedge
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Chainlink's (LINK) recent price increase to $15 gave insights into holder behavior, resulting in mixed outcomes. Santiment data showed a significant rise in realized profits to 106.55 million, followed by selling pressure that caused the price to drop to $14.36. The network's realized profit/loss shifted to -13,000, indicating dominant losses. However, the decline in realized profits could be positive, stabilizing or boosting LINK's price. Increased adoption and interaction with the network suggest potential growth. Technically, LINK broke out of a falling wedge, and positive readings from the Moving Average Convergence Divergence (MACD) indicate an uptrend. If realized losses persist, prices could drop to $14.13, but otherwise, LINK might test $15.10 and $16.06.
Source: beincrypto.com ↗
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