Santiment has been recording the accumulation of LINK by whales for the fifth week.
Theses from their analytics:
-#Chainlinkis having a breakout day ahead of markets as whales accumulate and social dominance rises.
- Largest social discussion market share#LINKsince October 21, 2023 (7-month high).
- Highest number of wallets containing 100K or more LINK since October 30, 2023 (6-month maximum).
From the latest news on the project - DTCC (Depository Trust & Clearing Corporation is engaged in clearing transactions on NASDAQ) together with Chainlink announced the launch of the “Smart NAV” pilot project. The goal of the project: to open access to historical NAV (net asset value) data through any private/public blockchain. This should make it easier to tokenize assets. Once again we are talking about the RWA sector, which promises to be explosive in this bull market.
We haven't looked at#LINKfor a long time, since February. Volume and trend levels have been slightly reworked. The price has corrected thoroughly since March, finding support at the 0.5 Fibonacci level, but removing liquidity behind the January 3 level. Also, after several squeezes, the price was able to consolidate above the EMA 50 of the weekly TF (currently $13,598).
Yesterday and today's growth (just on the news about DTCC) canceled the prospect of a “Death Cross” on the daily TF, the 50 and 200 day EMAs have been broken and the price is still above them (around $15-15.1) or at least above the 50 EMA of the weekly TF - the priority is definitely a reversal after the spring correction, growth and renewal of the current cycle high.
We have everything we wanted from LINK 😄. Let us remind you that we bought this asset on June 12, 2023 at a rate of $5.119, next to the current cycle level of $4.765. Investment#spot_dealwith a long (since 2022) tracking of the optimal entry point. Current “paper profit”: +214.75%. We continue to hold until the moment that we evaluate as the peak of the cycle. The goal is to at least update the ATH. Fundamentally, it is one of the coolest assets of the crypto market.
