The Chanlink Momentum is attaining, where the purse quietly expands their holdings, adding more than 0.5% of the token for a week.
Summary
- Link 13% in 24h, trading near $ 18.89 with strong volume increase.
- Whale added 0.67% support in August, supported by the major network upgrade.
- If the resistance breaks, the technology takes the bull’s side with $ 20+ vision.
The channel was trading at $ 18.89 at the press time, up to 13% in the last 24 hours, increased its seven-day profit by 12% and its 30-day growth increased to 36%. The tokens have traded between $ 15.48 and $ 19.16 compared to the previous week, with an increase in market activity.
In the last 24 hours, the spot trading volume of the link rose 300% to $ 1.37 billion. Coinglass data also increased for derivative activation, with an increase in open interest by 24.7% and the futures quantity increased by 252% to 252%.
Increasing open interest with high trading volume -often suggests that traders are in large value swings, but only closing examination positions.
Chanlink full accumulation and recent catalysts
The on-chain data of Santlex shows a significant increase in holdings among the major link investors. The wallet between 100,000 and 1 million links increased by 4.2% in August, so far this month the additional support has accumulated 0.67% of the total support. This purchase coincides with several major network development.
On August 4, with the launch of data stream for American stock and exchange-traded funds, Chanlink created Ital-World Essate Markets to access real-time, low-oppression data. This initiative has already attracted adoption from protocols such as GMX (GMX) and Cupino Finance.
On August. 7, the team unveiled the Chenlink Reserve, an on-chain link resigned to support long-term glory and provoke node operators. On the same day, Chainlink’s cross-chain interoperability protocol was used to join the Brazilian Drex CBDC pilot to join a business test test Alonco Banko Inter, Microsoft, Endhaft with foreign central banks. 7comm.
Chainlink technical analysis
Technical indicators usually show a positive attitude. From 10-day to 200-day period, all major moving average purchases, indicating concrete underlying trend support. The relative power index is at 61, suggesting that the property may still have space for the world, which reaches overbott situations.
Both terrible oscillator and speed indicate that the pressure is still present. In a rapid scnario, the next resistance is like being in $ 20.50 – $ 21 range, which has reached a constant whale accumulation and a break above $ 19.16.
Failure to maintain over the mid-bollinger band around $ 18 may have a re-result of the support area between $ 17.20 and $ 17.50, especially if traders open the positions in derivatives.