Analysis of LINK over the past 24 hours: Impressive Growth! ๐
Recent Price Movements
$LINK is trading at $23.58, slightly down from the previous hour
In the past 24 hours, the price has increased by about 6%, fluctuating between $23.23-$24.37
Trading volume is very strong, especially during the hour of 23:00 on August 13th with over 6.3 million USD
Highlights ๐ฐ
LINK has impressively increased by 46% in the past 7 days, outperforming many other coins that are moving sideways
A "whale" transferred 290,000 LINK (approximately 7.08 million USD) from Binance after 2 years of silence - a notable move!
On the Upbit exchange, LINK has increased by 10.08% with trading volume reaching 100.5 billion won, indicating strong buying pressure
Technical Analysis ๐
The price is showing signs of accumulation after a strong increase, with support around the $23.4-$23.5 range
Although there have been a few hours of slight adjustment, the upward trend is still being maintained
High trading volume demonstrates significant interest from investors
Notable Point ๐ก
There are rumors about the possibility that LINK could increase by an additional 30% if the current trend continues, especially as the Chainlink Oracle network is expected to expand
