Add as a preferred source on GoogleChainlink (LINK) Recovers Above $13 as Large-Wallet Share Rises
LINK rebounded from $12.09 to about $13.34, while wallets holding 1 million to 100 million tokens increased their share of circulating supply to 65.6%.
Chainlink (LINK) recovered above $13 on Monday after falling to $12.09 last week, while wallets holding 1 million to 100 million LINK increased their share of circulating supply.
LINK traded at about $13.34 on Monday, Oct. 12, after reaching $12.09 on Thursday, Oct. 8. The token is associated with Chainlink, an oracle network that provides data services to blockchain applications.
Wallets holding between 1 million and 100 million LINK accounted for 65.6% of circulating supply on Monday, up from 65.38% on Oct. 1.
Technical reference levels place LINK’s 50-period exponential moving average at $13.32 and near-term trendline resistance at about $13.50. A move above that resistance would support the technical setup described in the analysis.
Additional reference levels include $13.93, $15.77 and $16.77 on the upside, along with $12.95, $12.30 and $12.09 on the downside. These levels describe technical scenarios rather than confirmed price targets.
Enna Lee
ReporterEnna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.