Chainlink Token Sees Increased Whale Accumulation
- Whale Accumulation Growth: According to Santiment's on-chain analytics, the number of wallets holding at least 100,000 LINK has increased to 805, marking an 8.2% rise over the past seven weeks, with each wallet holding approximately $958,000 worth of LINK, indicating sustained interest from large investors.
- Stable Market Price: Although LINK surged to $11 in early May, it has stabilized around $9.56, showing higher lows despite facing critical resistance, which reflects market confidence in its long-term value.
- Accelerated Institutional Adoption: Chainlink oracles launched on the AWS Marketplace on May 25, enabling seamless access to data services, with institutions like Fidelity International and DTCC leveraging Chainlink for asset management, showcasing tangible applications across various sectors.
- Technical Analysis Outlook: LINK's price is supported between $9.40 and $9.50, and if it breaks through the $9.92 resistance level, it could open new targets in the $10.80 to $11 range, indicating market expectations for future growth.
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Technical Analysis for TOKEN
Technical Sentiment Analysis for TokenFi (TOKEN). As of , TokenFi (TOKEN) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 4 technical signals, shows that 1 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for TOKEN 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, TOKEN 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 $-.
TokenFi (TOKEN) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.00115 | 0.00182 | 0.0023 | 0.00297 | 0.00346 | 0.00413 | 0.00461 |
| Fibonacci | 0.00182 | 0.00226 | 0.00253 | 0.00297 | 0.00341 | 0.00369 | 0.00413 |
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