Chainlink bullrun emerging?
Supply in stock markets reaches lowest point in 4 years
LINK's fortunes changed over the weekend as it experienced a mini breakout and rose to $15.82 for the first time since April 6, 2022. This positive momentum was boosted by the fact that LINK's supply on exchanges dipped below 15% for the first time in about four years, as shown in Santiment's most recent analysis. This is the lowest level since Feb. 5, 2020, and indicates a decline in the propensity to sell, indicating that investors are optimistic about the potential for further gains.
LINK's fortunes changed over the weekend as it experienced a mini breakout and rose to $15.82 for the first time since April 6, 2022. This positive momentum was boosted by the fact that LINK's supply on exchanges dipped below 15% for the first time in about four years, as shown in Santiment's most recent analysis. This is the lowest level since Feb. 5, 2020, and indicates a decline in the propensity to sell, indicating that investors are optimistic about the potential for further gains.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.