Chainlink (LINK) Rallies 10% as Whale Holdings Soar and ETF Money Returns
- Price Surge: Chainlink (LINK) has rallied nearly 10% over the past week, currently trading around $10, indicating a strengthening buyer momentum after a prolonged six-month consolidation phase, which may drive further price increases.
- Capital Inflows Revive: On Wednesday, LINK spot ETFs attracted $532,900 in new capital, marking the first positive inflow in nearly two weeks, suggesting a recovery in investor confidence that could support subsequent price rises.
- Whale Accumulation: Over the past 30 days, large holders controlling between 100,000 and 10 million LINK tokens have increased their positions by 32.93 million coins, representing a 7.7% increase, indicating a bullish outlook among these key investors, which typically precedes price appreciation.
- Derivatives Market Activity: According to CoinGlass, LINK's futures Open Interest surged from $366 million on Sunday to $495 million by Thursday, reflecting fresh capital entering the market and further solidifying the foundation for price increases.
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Technical Analysis for MAJOR
Technical Sentiment Analysis for Major (MAJOR). As of , Major (MAJOR) is exhibiting a Buy technical sentiment. Our proprietary analysis, which aggregates 4 technical signals, shows that 3 indicators are flashing buy, while 1 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for MAJOR stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.
Support, Resistance & Moving Averages. From a structural perspective, MAJOR is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Major (MAJOR) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.0215 | 0.0391 | 0.0547 | 0.0724 | 0.088 | 0.106 | 0.121 |
| Fibonacci | 0.0391 | 0.0518 | 0.0597 | 0.0724 | 0.0851 | 0.0929 | 0.106 |
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