Chainlink Shows Signs of Exhaustion as Whale Positions Contract and Momentum Wanes

Quick Summary:

After achieving a three-year high and an impressive 87% monthly gain, Chainlink’s market structure shows signs of strain as key metrics suggest waning momentum.

The BBTrend indicator provides additional context for understanding the current market phase.

The decline in addresses holding between 100,000 and 1,000,000 LINK tokens tells an important story about institutional confidence.

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Article Details

Author / Journalist: Vignesh k

Category: Crypto

Markets: United Arab Emirates

Topics: LINK Investing News Editors News Chainlink

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-19 @ 19:27:08 (16 hours ago)

News Timezone: GMT +0:00

News Source URL: thenewscrypto.com

Language: English

Article Length: 313 words

Reading Time: 2 minutes read

Sentences: 29 lines

Sentence Length: 11 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © TheNewsCrypto

News ID: 24560533

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About TheNewsCrypto

Main Topics: Crypto

Official Website: thenewscrypto.com

Update Frequency: 28 posts per day

Year Established: 2020

Headquarters: United Arab Emirates

News Last Updated: 13 hours ago

Coverage Areas: United Arab Emirates

Publication Timezone: GMT +0:00

Content Availability: Worldwide

News Language: English

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Website Security: Secure (HTTPS)

Publisher ID: #125

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