Chainlink Wallets Holding 100K LINK Reach All-Time High
- Whale Address Growth: The number of addresses holding at least 100,000 LINK has reached 805, reflecting confidence from large market participants, with a total value of approximately $958,000, indicating a long-term holding strategy despite mixed overall market sentiment.
- Rapid Accumulation Trend: Over the past seven weeks, this whale-tier address cohort has expanded by 8.2%, marking the fastest accumulation pace since tracking began, suggesting that the growth is primarily driven by long-term investments rather than short-term speculation.
- On-Chain Activity and Price Relationship: While the growth in whale addresses indicates bullish sentiment among market participants, on-chain accumulation does not guarantee immediate price appreciation, as historical data shows that whale accumulation often precedes sideways price action before influencing market repricing.
- Future Market Observation: Analysts will monitor whether the count of 100K+ LINK addresses continues to rise; sustained growth would reinforce expectations of Chainlink's services becoming more embedded in the market, while a sudden drop could raise questions about the sustainability of this trend.
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Technical Analysis for DEFI
Technical Sentiment Analysis for DeFi (DEFI). As of , DeFi (DEFI) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 5 technical signals, shows that 3 indicators are flashing buy, while 2 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for DEFI 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, DEFI 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 $-.
DeFi (DEFI) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.0000759 | 0.000115 | 0.00016 | 0.000199 | 0.000244 | 0.000283 | 0.000329 |
| Fibonacci | 0.000115 | 0.000147 | 0.000167 | 0.000199 | 0.000231 | 0.000251 | 0.000283 |
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