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Chainlink LINK Holds Firm at $14.55 Despite Mixed On-Chain Signals
Chainlink LINK Holds Firm at $14.55 Despite Mixed On-Chain Signals
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Chainlink LINK News -
Chainlink’s LINK token continues to trade at $14.55, maintaining its consolidation within an ascending channel established since mid-April. This stability persists despite contradictory on-chain indicators: a significant 24.5 million LINK increase in non-exchange holdings since February contrasts with declining network activity.
Technical indicators show potential weakness as the RSI and MACD pull back from recent highs. The 50-day EMA at $14.53 now serves as crucial support—a breakdown below this level could negate the current upward trend. Traders are monitoring whether sustained exchange outflows can counterbalance slowing address growth to maintain bullish momentum.
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