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Chainlink (LINK) Shows Overbought Signals Following 40% Price Increase Beincrypto 23 авг 2024

Chainlink (LINK) Shows Overbought Signals Following 40% Price Increase 🔄

Chainlink’s (LINK) recovery has been excellent, aiming to recover losses from late July. However, the intense bullishness might pose a risk.

Large wallet holders have significantly contributed to recent price increases, with whales adding over 3.4 million LINK, indicating renewed confidence among investors.

The substantial inflows suggest major market players are taking positions based on the coin’s upward momentum.

However, the Relative Strength Index (RSI) indicates that LINK is approaching the overbought zone, signaling potential price correction risks.

LINK needs to breach the $12.00 resistance level to continue its uptrend, but the RSI suggests that an attempt could fail, leading to price consolidation.

Yet, if the bullish momentum continues, LINK's price could push beyond $13.00, invalidating the bearish outlook and improving investor profits.

Булак: beincrypto.com ↗

Окшош макалалар (84)

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Chainlink (LINK) Price Held Back Despite Falling Selling Pressure
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Here’s this analyst’s case for LINK’s price ‘bottoming out’ to rally soon
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Will Chainlink Price Revisit $15 As Sonic Labs Integrates CCIP?
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Why Chainlink Price Faces More Pain Amid Overvaluation Risks
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Chainlink Price Set to Break 3-Month Downtrend: How High Can LINK Go?
Chainlink (LINK) Eyes $12 Support, but Risky Indicator Emerges Beincrypto 27 авг 2024
Chainlink (LINK) Eyes $12 Support, but Risky Indicator Emerges
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Why Chainlink Won’t Break $14 Anytime Soon
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Chainlink (LINK) Price Remains Under the Radar Following Latest CCIP Integration
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Chainlink (LINK) Price Attempt to Breakout Hindered by Major Obstacles
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3 Reasons Chainlink (LINK) Price Could Fall to Single Digits
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Chainlink’s Bearish Trends Intensify: 2 Key Indicators Signal Further Declines
Chainlink (LINK) Price’s 37% Rally Delayed Until Key Indicator Exhibits a Squeeze Beincrypto 03 сен 2024
Chainlink (LINK) Price’s 37% Rally Delayed Until Key Indicator Exhibits a Squeeze
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Chainlink Price Recovery: Is There Potential for a Climb to $20?
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3 Alarming Red Flags Signal Chainlink (LINK) Price Decline
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Chainlink’s $22 potential: Why this analyst sees big gains for LINK
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Crypto Analyst Calls Chainlink An Opportunity of Lifetime: Here Is Why
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LINK Poised for 13% Decline, Here’s What’s Happening
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Chainlink (LINK) Price Prediction: Key Indicators Hints at $12 Rebound
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Chainlink (LINK) Eyes 50% Surge as Bullish Momentum Builds
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Chainlink eyes breakout: Social dominance surges amid reversal signs
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Is LINK’s price reversal in sight? Historical UDPI levels mean…
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Chainlink shows bullish signs – Will LINK face a major rally soon?
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Chainlink Eyes 21% Rally as Selling Fear Falls to 16-Month Lows
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Why Chainlink price could soar 20% – Bullish breakout spotted!
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​​Chainlink Price Plunges 13% A Week: Will the Bearish Trend Continue?
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Chainlink Price Poised for Breakout, Eyeing 50% Surge: Will Market Sentiment Hold?
‘Smart money’ flocks to Chainlink — Is $20 within reach for LINK now? Ambcrypto 01 окт 2024
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Analyst: Chainlink Price on The Brink of 50% Jump with Investor Support Beincrypto 4 күн мурун
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Chainlink (LINK) Traders See Gains as Daily Profit Ratio Surges
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A 21% Rally in Chainlink Price Could Push $1.35B Investors Into Profit 
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Chainlink breaks key levels: Is a bull run on the horizon?
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Chainlink Price Fails To Hit $12! LINK To Retest $10 Before Reversal?
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The Sleeping Giant Wakes Up: Chainlink (LINK) Price Eyes for a 20% Rise After the Latest Rebound
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Chainlink (LINK) Price Up 10%, Yet These Factors Predict a Pullback
Chainlink (LINK) Bears Tighten Grip Despite Bullish Signals Beincrypto 04 сен 2024
Chainlink (LINK) Bears Tighten Grip Despite Bullish Signals
Chainlink (LINK) Tests Critical Support as Bulls Lose Momentum Beincrypto 28 авг 2024
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Chainlink Investors Brace for Potential Price Drop Bitcoinhaber 27 авг 2024
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Chainlink Price Analysis: Is LINK Up for a 40% Surge Next?
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Chainlink Shows Significant Recovery and Investor Optimism
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