Binance News: Chainlink (LINK) Shows Signs of Imminent Breakout Amid Positive Market Sentiment

Chainlink (LINK) Breakout on the Horizon as Market Sentiment Turns Bullish

Chainlink (LINK) is up 2.34%, trading at $14.03 despite a 67% drop in trading volume. On-chain statistics show $216M of LINK being sent to Binance, historically followed by price surges. One major resistance point is $15, and overcoming it can initiate a massive bullish breakthrough. The overall market is in a bullish phase, with Bitcoin’s surge propelling altcoins to recover.

LUNC Price Bottoms as Terra LUNA Classic Crosses 406b Token Burn Milestone

The Terra Luna Classic (LUNC) token has found strong support at $0.00005385 after crashing by over 90% from its all-time high. The coin may be on the cusp of a bullish breakout as it hits a 406 billion token burn milestone. Over 280 million tokens were incinerated in the last seven days, with most of these burns from Terraform Labs ordered by a U.S. bankruptcy court. Binance has also been active in burning LUNC tokens.