Why Chainlink Price Faces More Pain Amid Overvaluation Risks

Aug 29, 2024 · On-chain metrics like high NVT ratio and dropping daily active addresses, suggest Chainlink price may be overvalued and experiencing weakening market sentiment.

48%
OFF

Why Chainlink Price Faces More Pain Amid Overvaluation Risks

2 weeks from now

Chainlink price is in a precarious position as price action got rejected at the $12.50 mark. Now, LINK risks dropping 48% if the market conditions do not change because the recent price …

ixfi.com

48%
OFF

Why Chainlink Price Faces More Pain Amid Overvaluation Risks

2 weeks from now

Aug 29, 2024 · Chainlink price is in a precarious position as price action got rejected at the $12.50 mark. Now, LINK risks dropping 48% if the market conditions do not change because the …

boompucket.com

18%
OFF

Will Chainlink’s 18% Drop Extend Due To Overvaluation?

2 weeks from now

Sep 6, 2024 · Given the current market conditions, the continued overvaluation of Chainlink, and its decreasing RSI, it is likely that the price will see further declines. An asset that becomes …

beincrypto.com

35%
OFF

Why Chainlink (LINK) Price Could Be Set To Slip Below $10

2 weeks from now

Sep 2, 2024 · Chainlink struggles as price-DAA divergence hits -56.35%, signaling weak network activity and bearish momentum. LINK could face resistance around $10.73, potentially …

beincrypto.com

48%
OFF

Why Chainlink Price Faces More Pain Amid Overvaluation Risks

2 weeks from now

Aug 29, 2024 · Chainlink price is in a precarious position as price action got rejected at the $12.50 mark. Now, LINK risks dropping 48% if the market conditions do not change because the …

cryptonews.net

20%
OFF

3 Reasons Why Chainlink Price Can Rally Another 20% By New Year's

2 weeks from now

Dec 3, 2023 · LINK's price is nearing an ascending triangle breakout scenario in December 2023, with bullish on-chain indicators strengthening its upside case.

cointelegraph.com

48%
OFF

Why Chainlink Price Faces More Pain Amid Overvaluation Risks

2 weeks from now

Aug 29, 2024 · Chainlink price is in a precarious position as price action got rejected at the $12.50 mark. Now, LINK risks dropping 48% if the market conditions do not change because the …

coinmarketcap.com

40%
OFF

Chainlink Price's 40% Surge Could Be Undone By Investor Activity

2 weeks from now

Aug 23, 2024 · Chainlink's recent price increase may be at risk due to ongoing accumulation leading to potential overbuying.

beincrypto.com

25%
OFF

3 Major Reasons Why Chainlink (LINK) Could Fall By 25% - NewsBTC

2 weeks from now

Naturally, the upswing has also pushed the price of LINK, Chainlink’s in-house token, higher; it was recently up by more than 17,000 percent since launch. But despite Chainlink’s growth as …

newsbtc.com

6%
OFF

LINK Price : Top Reasons Behind Chainlink Price Impressive Rally

2 weeks from now

Feb 2, 2024 · We discuss the catalyst behind Chainlink's impressive 16.6% price surge, the NVT Signal's cautionary note and potential pullback dynamics.

coingape.com

FAQs about Why Chainlink Price Faces More Pain Amid Overvaluation Risks Coupon?

Will chainlink (link) price rise further?

Chainlink ( LINK) price has rebounded by over 240% from its yearly low of around $4.70 in June 2023. It may rise further still in the coming days and weeks, according to a slew of on-chain and technical indicators, as discussed below. LINK's price has been consolidating inside what appears to be an ascending triangle pattern since November 2023. ...

Why did Chainlink sell off so much?

There are two potential explanations for the massive sell-off of Chainlink (LINK) tokens. Its technicals showed that it was overbought, and some analysts believe large investors are now realizing their gains after the surge. There is also a report from Trustnodes that about $40 million in LINK tokens were offloaded by Chainlink developers. ...

Is chainlink (link) price nearing an ascending triangle breakout scenario?

LINK's price is nearing an ascending triangle breakout scenario in December with bullish on-chain indicators strengthening the upside case. Chainlink ( LINK) price has rebounded by over 240% from its yearly low of around $4.70 in June 2023. ...

Why is link's price consolidating inside an ascending triangle pattern?

LINK's price has been consolidating inside what appears to be an ascending triangle pattern since November 2023. Ascending triangles are bullish continuation patterns when formed during an uptrend. They resolve when the price breaks above the upper trendline and rises by as much as the maximum distance between the upper and lower trendlines. ...

Is chainlink's rally on the cards?

Chainlink investors, akin to other altcoin holders, have been riding high on the altcoin season. However, given the state of the market presently, there is a chance that these crypto market participants might end up being disappointed, as a huge rally may not be on the cards right now. ...

Will chainlink rally 20% in December 2023?

More clues about Chainlink's potential 20% rally in December 2023 come from data tracking LINK supply across crypto exchanges (the red wave in the chart below). As of Dec. 3, crypto exchanges held about 150.39 million LINK tokens, the lowest since February 2020. ...