The Chainlink ($LINK ) price has seen its highest level since January 2022 in the last seven days at 36.55 percent.
The increase in question came with the rise of Ethereum and the decline in Bitcoin dominance. However, this may be just the beginning. According to the analyzes, LINK's rise is not yet standing and it is predicted that higher values may be seen in the coming weeks.
FOMO has not started for #LINK yet
LINK, which has attracted attention with its recent rise, is currently trading at $ 25. This important turning point seems to have been reached with the buying pressure from Chainlink whales.
According to Santiment systems, individual retirement is not yet part of this rally. This shows that LINK still has room for further growth. One of the indicators proving this is Weighted Sentiment (Weighted Sentiment). Weighted Sentiment measures the perception of a cryptocurrency in the general market.
When the data in question is negative, it indicates that the average comments of the asset are in decline. Positive indicates that the vast majority of comments are fluctuating.
Today, Chainlink's Weighted Sentiment is in the negative zone. This means that individual defectors have not yet experienced "Fear of Missing Out" (FOMO). Historically, when the price increases and the perception drops, the cryptocurrency has usually not yet reached.
Holders' confidence is increasing
A remarkable picture has emerged in the analysis of Chainlink's Token Holding Period (Coin Holding Period). Most LINK holders are reluctant to sell their tokens. failures, a decrease in the holding period indicates increased sales and more tokens are exchanged.
However, this metric is increasing in LINK. It shows that it is showing increasing confidence during this period. The fact that holders prefer to hold their tokens instead of selling them indicates the peak of an uptrend. If this is perceived positively, the momentum momentum may accelerate even more.
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