- A Chainlink-Wal has just triggered a link sale.
- Uncertainty grabs it, but optimism still predominates.
The decentralized Oracle network Chainlink (Link) is under sales pressure in the middle of a massive whale dump. There are discussions about future price development, but investors are still optimistic about short -term prospects.
Chainlink Dump of 357,000 Link token
Onchain Lens, a popular crypto tracking platform, discovered a massive chainlink sale by an unknown whale. The platform gave the transaction details in one Tweet known, it says that the owner sold 356,665 link for USDC 4.59 million. The WAL investor sold the coins at an average price of $ 12.88.
The Onchain data showed “0xc6f7f” as a selling wallet. Despite the enormous sale, according to Onchain Lens, the Wal investor still holds 7,693 link tokens worth $ 101,533. By sticking to these coins, the whale probably hopes for a best case scenario in which the price of general volatility recovers.
As a rule, such massive sales indicate a loss of trust in the profit potential of a financial value. Many dealers and investors tend to pursue the strategies of this whale. Therefore, a large sale can trigger a broader sales trend that turns the mood of Hausse to Baisse.
However, it should be noted that the sales could be attributed to a panic mood that prevails on the market. In view of the tense macroeconomic location, retailers and investors are very careful in risk -taking.
Surprisingly, the Wal investor sold the coins when the current market experienced a slight relaxation. Dealers and investors speculate whether the link price can soon reach $ 45, since the coin has increased by over 1 % despite the sale.
At the time of the creation of this article, the link course was $ 13.25 and increased by 1.58 %in the last 24 hours. Link reached its low on Wednesday at $ 12.82 and its high at $ 13.47.
The increase in the Link Prize is in line with a broader market recovery. Bitcoin (BTC), the leading coin, is again in the green area and is currently trading with an increase of 1.05 % at $ 83,328.
Analysts are optimistic for link
Despite the massive sale, several top crypto analysts forecast a positive result for link. In one X-Posting the market analyst “Bitcoin Buddha” said that it is optimistic that Link will reach a new all -time high in the current cycle.
“Link seems to recover after testing support near $ 12,” says Bitcoin Buddha.
As CNF reportedother analysts predict a possible increase towards $ 22 or higher in the coming months. In the meantime, Chainlink’s long/short ratio shows that buyers control the market, which further supports the optimistic views.
The technical indicators also signal upward potential. The relative strength index (RSI) shows signs of starch and forms higher deep stalls, while the course follows a rising support line. In the past, this type of divergence has signaled a possible trend reversal.
The importance of chainlink in the Real-World Asset (RWA) industry could also help increase the acceptance of Link, which could lead to higher prices. Like us last week reportedChainlink led the list of RWA systems with most social media mentions.
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