Chainlink just went on a wild 95% pump from around $7 up to that $13.77 high in only two months but rn it feels like the hype might be fading a lil bit. 🖤
Three Red Flags Popping Up ⚠️
Ali Martinez spotted a fresh sell signal on the TD Sequential for LINK’s weekly chart after the big surge and that could mean some profit taking is coming. 💀 Large holders are pulling back too with those big over $1 million txs dropping from 59 down to just 10 on September 7th. 📉
At the same time exchange deposits hit 1.75 million LINK and total balances climbed from 269.25 million to about 271 million which adds to the cooldown vibe after all that strength. 🌑 The combo screams caution for the short term lmao.
Still the bigger picture stays solid once LINK closed above the $10.77 higher timeframe mark it keeps that bullish fire alive as long as it holds with targets at $50 and $100 still in sight. 🔗
Michaël van de Poppe thinks LINK won’t stall much and expects a push toward $14.50-15 next. 🚀
Industry Moves Adding Spice 💎
LINK got added to Charles Schwab’s crypto trading alongside Solana and Avalanche so eligible clients can grab it direct now. 🌸 Schwab started with just Bitcoin and Ethereum back in May and this expands things.
Wyoming is also using Chainlink for real time on chain reserve checks on their Frontier Stable Token after shifting it to CCIP in August. 🕷️ It mixes independent checks with auto monitoring for better visibility.
Check the tweet here: https://x.com/alicharts/status/2096967635678203907
And this one too: https://x.com/CryptoPatel/status/2096969236459426264
Just another echo from the void by iconofsin.eth 💖
