Close Menu
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Regulation
    • Market Cap
    • Web 3
    • Scam
  • Blockchain
  • NFT
  • Metaverse
  • Analysis
  • Learn
  • Blog
  • Contact
    • Tech7685@gmail.com
What's Hot

Metaplanet now contains more bitcoin than El Salvador, focuses on 10k BTC by 2025

2025-05-13

Cardano (ADA) Dips: Temporary correction or start of deeper movement?

2025-05-13

Bitcoin near ATH, but still no extreme greed: green sign for Bull Run?

2025-05-13
Facebook X (Twitter) Instagram
  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • BitcoinPlatform.com
Facebook X (Twitter) Instagram
Free Cryptocurrency – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Regulation
    • Market Cap
    • Web 3
    • Scam
  • Blockchain

    Abu Dhabi launches a large project with Agile Dynamics for quantum -safe blockchain

    2025-05-13

    Zimbabwe is turning into blockchain to breathe new life into the trust of the carbon credit of carbon credit

    2025-05-12

    Atlaspad and Arichain unite to stimulate user-friendly and scalable web3 acceptance

    2025-05-12

    Why Wall Street Crypto will not embrace without privacy of zero knowledge

    2025-05-12

    R2 Testnet affects 10 million transactions with 200K+ users in weeks

    2025-05-12
  • NFT

    Trump’s Crypto -Dinner cost VIP -Aurter $ 4.8 million

    2025-05-12

    New details about Trump’s Memecoin leaks from the official website – this is what they intend

    2025-05-12

    NFT -turns 10.6% to $ 115 million, Doodles Rally 500%

    2025-05-11

    Drink-to-earn? A new sparkling water comes with an NFT and points

    2025-05-08

    Cobie says we will return if someone buys this $ 20 million NFT

    2025-05-08
  • Metaverse

    Shib: The Metaverse – Part of the expanding Shiba Inu ecosystem

    2025-01-03

    Experience to Earn: Everdome’s Metaverse Frontier

    2024-12-30

    Beyond Bots: Meta Motivo and the Dawn of Human Digital Life

    2024-12-13

    Exploring NetVRk: What’s Behind This AI-Powered Virtual Universe?

    2024-10-28

    Council of Europe emphasizes the impact of Metaverse on privacy and democracy

    2024-09-05
  • Analysis

    Cardano (ADA) Dips: Temporary correction or start of deeper movement?

    2025-05-13

    The market capitalization of PI Network jumps $ 7 billion like token skyrockets 110% in a week in the middle of market bending

    2025-05-12

    Coinbase head of the institutional strategy says that scarcity stimulates the overwhelming wave of demand from major players

    2025-05-12

    Can the resistance crush and re -design the rally?

    2025-05-12

    XRP performs better than the crypto market with 10% jump if open interest rises beyond $ 5 billion

    2025-05-12
  • Learn

    What Is Proof-of-Work (PoW)?

    2025-05-12

    What Is Proof-of-Authority (PoA)?

    2025-05-10

    What Is Proof-of-Stake (PoS)? A Beginner’s Guide

    2025-05-09

    What Is a Layer-1 (L1) Blockchain?

    2025-05-03

    What is a Layer-2 (L2) Blockchain Network Solution?

    2025-05-02
  • Blog
  • Contact
    • Tech7685@gmail.com
Free Cryptocurrency – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
Home»Analysis»Chainlink rises 10% on the weekly chart as the market sees correction
Analysis

Chainlink rises 10% on the weekly chart as the market sees correction

2023-09-25No Comments3 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email

The crypto market capitalization has fallen by more than 1% in the past 24 hours, causing losses across the market. Top coins like Bitcoin and Ethereum have taken the hit, losing 3% and 4% of their gains over the past week, respectively.

However, Chainlink (LINK) withstood prevailing bearish market forces during this attack, with a gain of 6.51% on the weekly chart. Moreover, the token has registered a price increase of 1.68% in the last 24 hours.

Amid the upswing, LINK has crossed the $7 price mark; Could it follow the prevailing bullish waves to reach new highs? Let’s find out.

ChainLink’s daily active address hits a two-month high

LINK’s price increase comes amid a significant increase in the number of active unique addresses on the network. Facts from leading on-chain analytics firm Santiment shows that Chainlink’s unique addresses exceeded 3,900 for the first time since July 21.

Furthermore, this increase indicates increased networking activity and engagement, reflecting increasing community interest and involvement. Furthermore, increasing the number of unique active addresses is often synonymous with increasing use and adoption of the network’s native token, LINK. And this was reflected in the increase in LINK’s market value over the past seven days.

In addition, a update regarding the adoption of Chainlink, it appears that four of the network services are integrated into six different chains. These chains include Arbitrum, Avax, BNB Chain, Etherem, Optimism and Polygon.

Again, these integrations further reflect broader use of the LINK token and greater participation in the Chainlink ecosystem. It shows that more people are adopting Chainlink, putting higher buying pressure on LINK, a plausible explanation for the continued price increase.

See also  The easing downward pressure on the crypto market could promote a better trading environment: Coinbase analysts
LINKUSD price chart
The price of LINK is currently hovering at $7.24 on the daily chart. | Source: LINKUSD price chart from TradingView.com

Chainlink (LINK) breaks through the $7 resistance; What’s next?

The daily LINKUSD graphic below suggests that LINK is gearing up to reach $8 as it overcomes critical barriers while buying pressure remains high.

After posting notable gains over the past eight days, LINK is trading above two key support levels, USD 5.72 and USD 6.595. The token’s price fluctuated between these key price levels from mid-August to September 18.

Meanwhile, LINK was all the while trading below two critical points, the 200-day and 50-day moving averages ($6,488 and $6,706), before a sharp spike pushed it above $6.8. It maintained the momentum in recent days, breaking the USD 7.00 barrier and now targeting the USD 7.8 resistance level.

LINK is now trading above the 50 and 200 day price levels, indicating strong bullish momentum in the market. If the continued buying frenzy continues, LINK could reclaim the yearly high of $8,898 recorded on November 7, 2022. And if purchasing power continues to increase, the token could even set a new record in the coming days.

Although LINK has regained more than 21% of last month’s gains during the ongoing rally, the token remains 9% off its year high, and the bulls need to increase momentum for the token to regain this level.

Featured image from Pixabay and chart from TradingView.com



Source link

Chainlink Chart Correction market Rises Sees weekly
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Cardano (ADA) Dips: Temporary correction or start of deeper movement?

2025-05-13

The market capitalization of PI Network jumps $ 7 billion like token skyrockets 110% in a week in the middle of market bending

2025-05-12

Coinbase head of the institutional strategy says that scarcity stimulates the overwhelming wave of demand from major players

2025-05-12

Can the resistance crush and re -design the rally?

2025-05-12
Add A Comment

Comments are closed.

Top Posts

Xandeum introduces Pnodes, a storage scale solution on Solana

2025-03-21

Bitcoin at a Crossroads: Bullish Momentum Meets Selling Pressure – Details

2024-09-15

Ubisoft Reveals Plans for ‘Captain Laserhawk’ Ethereum Game NFT Mint

2024-10-04
Editors Picks

Bulls are aiming big after recent surge above $0.5

2023-06-02

BTC stays on the fence despite this key crypto twist in traditional finance

2023-09-16

This is where Bitcoin and Solana will peak in the current market cycle, according to InvestAnswers

2024-12-29

Crypto trader behind $110,000,000 Mango Markets exploit convicted of fraud

2024-04-19
About
About

Our mission is to develop a community of people who try to make financially sound decisions. The website strives to educate individuals in making wise choices about Cryptocurrencies, Defi, NFT, Metaverse and more.

We're social. Connect with us:

Facebook X (Twitter) Instagram Pinterest YouTube
Top Insights

Metaplanet now contains more bitcoin than El Salvador, focuses on 10k BTC by 2025

Cardano (ADA) Dips: Temporary correction or start of deeper movement?

Bitcoin near ATH, but still no extreme greed: green sign for Bull Run?

Get Informed

Subscribe to Updates

Get the latest news and Update from Free.cc about Crypto, Metaverse, NFT and more.

  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • BitcoinPlatform.com
© 2025 Free.cc - All rights reserved. Contact: info@free.cc

Type above and press Enter to search. Press Esc to cancel.

  • bitcoinBitcoin(BTC)$102,710.37-2.29%
  • ethereumEthereum(ETH)$2,468.10-4.88%
  • tetherTether USDt(USDT)$1.000.00%
  • rippleXRP(XRP)$2.502.72%
  • binancecoinBNB(BNB)$650.09-2.21%
  • solanaSolana(SOL)$172.00-3.68%
  • usd-coinUSDC(USDC)$1.000.01%
  • dogecoinDogecoin(DOGE)$0.224468-9.91%
  • cardanoCardano(ADA)$0.79-5.28%
  • tronTRON(TRX)$0.263435-1.73%
  • suiSui(SUI)$3.96-6.73%
  • chainlinkChainlink(LINK)$16.46-7.52%
  • avalanche-2Avalanche(AVAX)$24.35-8.01%
  • stellarStellar(XLM)$0.305429-3.93%
  • shiba-inuShiba Inu(SHIB)$0.000015-9.32%
  • hedera-hashgraphHedera(HBAR)$0.207214-4.31%
  • hyperliquidHyperliquid(HYPE)$24.57-3.18%
  • the-open-networkToncoin(TON)$3.29-6.14%
  • piPi(PI)$1.13-27.31%
  • unus-sed-leoUNUS SED LEO(LEO)$8.603.10%
  • bitcoin-cashBitcoin Cash(BCH)$398.55-4.32%
  • polkadotPolkadot(DOT)$4.98-6.78%
  • litecoinLitecoin(LTC)$103.03-0.34%
  • moneroMonero(XMR)$339.84-2.36%
  • pepePepe(PEPE)$0.000014-7.70%
  • bitget-tokenBitget Token(BGB)$4.69-5.16%
  • daiDai(DAI)$1.000.02%
  • ethena-usdeEthena USDe(USDE)$1.000.06%
  • uniswapUniswap(UNI)$6.67-8.04%
  • bittensorBittensor(TAO)$457.76-5.09%
  • nearNEAR Protocol(NEAR)$3.06-7.51%
  • aptosAptos(APT)$5.68-7.44%
  • aaveAave(AAVE)$216.04-5.07%
  • okbOKB(OKB)$53.91-3.51%
  • ondo-financeOndo(ONDO)$1.00-8.58%
  • internet-computerInternet Computer(ICP)$5.59-7.94%
  • kaspaKaspa(KAS)$0.112907-12.93%
  • ethereum-classicEthereum Classic(ETC)$19.40-6.47%
  • gatechain-tokenGateToken(GT)$21.97-0.22%
  • mantleMantle(MNT)$0.79-3.77%
  • crypto-com-chainCronos(CRO)$0.098734-3.46%
  • render-tokenRender(RENDER)$5.04-7.53%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.248110-6.89%
  • vechainVeChain(VET)$0.030030-10.84%
  • official-trumpOFFICIAL TRUMP(TRUMP)$12.77-10.93%
  • ethenaEthena(ENA)$0.374268-12.94%
  • usd1World Liberty Financial USD(USD1)$1.000.08%
  • filecoinFilecoin(FIL)$3.03-7.59%
  • algorandAlgorand(ALGO)$0.233734-6.40%
  • celestiaCelestia(TIA)$3.16-5.42%
  • bitcoinBitcoin(BTC)$102,710.37-2.29%
  • ethereumEthereum(ETH)$2,468.10-4.88%
  • tetherTether USDt(USDT)$1.000.00%
  • rippleXRP(XRP)$2.502.72%
  • binancecoinBNB(BNB)$650.09-2.21%
  • solanaSolana(SOL)$172.00-3.68%
  • usd-coinUSDC(USDC)$1.000.01%
  • dogecoinDogecoin(DOGE)$0.224468-9.91%
  • cardanoCardano(ADA)$0.79-5.28%
  • tronTRON(TRX)$0.263435-1.73%
  • suiSui(SUI)$3.96-6.73%
  • chainlinkChainlink(LINK)$16.46-7.52%
  • avalanche-2Avalanche(AVAX)$24.35-8.01%
  • stellarStellar(XLM)$0.305429-3.93%
  • shiba-inuShiba Inu(SHIB)$0.000015-9.32%
  • hedera-hashgraphHedera(HBAR)$0.207214-4.31%
  • hyperliquidHyperliquid(HYPE)$24.57-3.18%
  • the-open-networkToncoin(TON)$3.29-6.14%
  • piPi(PI)$1.13-27.31%
  • unus-sed-leoUNUS SED LEO(LEO)$8.603.10%
  • bitcoin-cashBitcoin Cash(BCH)$398.55-4.32%
  • polkadotPolkadot(DOT)$4.98-6.78%
  • litecoinLitecoin(LTC)$103.03-0.34%
  • moneroMonero(XMR)$339.84-2.36%
  • pepePepe(PEPE)$0.000014-7.70%
  • bitget-tokenBitget Token(BGB)$4.69-5.16%
  • daiDai(DAI)$1.000.02%
  • ethena-usdeEthena USDe(USDE)$1.000.06%
  • uniswapUniswap(UNI)$6.67-8.04%
  • bittensorBittensor(TAO)$457.76-5.09%
  • nearNEAR Protocol(NEAR)$3.06-7.51%
  • aptosAptos(APT)$5.68-7.44%
  • aaveAave(AAVE)$216.04-5.07%
  • okbOKB(OKB)$53.91-3.51%
  • ondo-financeOndo(ONDO)$1.00-8.58%
  • internet-computerInternet Computer(ICP)$5.59-7.94%
  • kaspaKaspa(KAS)$0.112907-12.93%
  • ethereum-classicEthereum Classic(ETC)$19.40-6.47%
  • gatechain-tokenGateToken(GT)$21.97-0.22%
  • mantleMantle(MNT)$0.79-3.77%
  • crypto-com-chainCronos(CRO)$0.098734-3.46%
  • render-tokenRender(RENDER)$5.04-7.53%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.248110-6.89%
  • vechainVeChain(VET)$0.030030-10.84%
  • official-trumpOFFICIAL TRUMP(TRUMP)$12.77-10.93%
  • ethenaEthena(ENA)$0.374268-12.94%
  • usd1World Liberty Financial USD(USD1)$1.000.08%
  • filecoinFilecoin(FIL)$3.03-7.59%
  • algorandAlgorand(ALGO)$0.233734-6.40%
  • celestiaCelestia(TIA)$3.16-5.42%