Chainlink (LINK) Falls 53% Since August, Yet Major Investors Are Rapidly Accumulating
Chainlink's Price Struggles: Chainlink (LINK) has dropped over 53% from its August peak of $27, facing challenges in reaching the $14 mark, but is seeing renewed interest from large holders after a prolonged downturn.
Whale Activity on the Rise: Recent data shows a significant increase in whale activity on Binance, with a sharp rise in LINK outflows indicating accumulation, as whales transfer large volumes of LINK to external addresses.
Market Dynamics and Confidence: The return of Binance whales suggests a rebuilding sense of confidence in Chainlink, with historical patterns indicating that such accumulation may precede stabilization or recovery in the market.
Development Activity Ranking: Chainlink ranked third in notable development activity over the past 30 days, despite slipping in rank compared to the previous month, while other projects like MetaMask and Radworks saw upward movement.
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Technical Analysis for STRK
Technical Sentiment Analysis for Starknet (STRK) As of , Starknet (STRK) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 5 technical signals, shows that 2 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for STRK stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, STRK is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Starknet (STRK) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.0209 | 0.0309 | 0.0417 | 0.0517 | 0.0625 | 0.0725 | 0.0833 |
| Fibonacci | 0.0309 | 0.0389 | 0.0438 | 0.0517 | 0.0597 | 0.0646 | 0.0725 |
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