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Chainlink (LINK) Sets Its Eyes on Another Jump: Is $20 Possible?

Published 02/03/2024, 07:59 PM
Updated 02/03/2024, 08:15 PM
Chainlink (LINK) Sets Its Eyes on Another Jump: Is $20 Possible?

  • LINK may be set to hit another high but the price might fall for before the hike.

  • The token might drop to $14.78 where the $0.618 Fib level was.

  • Open Interest increased, suggesting possible strength for the price to hit $20.

Chainlink’s (LINK) price might be ready for another climb as another round of its non-circulating supply hits the market, Lookonchain disclosed. According to the on-chain tracking platform, 15.95 million LINK was sent into Binance.

This transaction is something Chainlink does every three months, and a total of 95.95 million tokens have been sent since August 2022. Lookonchain also noted that each time this transfer happens, LINK’s price usually increases.

At press time, LINK’s price was $17.73, representing a 25.59% increase in the last seven days. Furthermore, a …

The post Chainlink (LINK) Sets Its Eyes on Another Jump: Is $20 Possible? appeared first on Coin Edition.

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