Maaari bang Maabot ng $20 ang Presyo ng Chainlink (LINK) bilang Onboard ng mga Bagong User?
Chainlink (LINK) price hit a new 2023 peak of $16 on Nov. 9, before the bears forced a 10% reversal below $14.5. Vital on-chain metrics are flashing green signals for an instant rebound. Chainlinks price rally retraced from its yearly peak of $16 on Nov. 9. Is it the end of the LINK price rally or a buying opportunity? Majority of LINK Holders are Targeting More Profits LINK price declined 10% to a daily low of $14.40 following market-wide liquidations on Thursday. However, recent on-chain movements suggest that most LINK holders are still positioned for a prolonged price rally. According to the CryptoQuant chart below, investors held a total of 149.9 million LINK in exchange-hosted wallets. As of Nov. 10, the figure has dropped to 148.5 million LINK. In essence, investors have reduced their LINK exchange deposits by 1.4 million tokens this week, cooling concerns of a large-scale sell-off. Chainlink (LINK) Exchange Reserves. Source: CryptoQuant Exchange reserves track the real-time changes in the number of tokens deposited across crypto exchanges and trading platforms. A decline in exchange reserves typically means a reduction in supply across exchange spot market supply. At the currency price of $14.50, the 1.4 million LINK exchange outflow means that $20 million