Chainlink Nears $13.20 as New LINK Addresses Lag Behind 24% Rally
- —LINK traded near $13.36 on October 7, down 4.28% on the day
- —Average daily new LINK addresses hit 1,249 over four weeks versus 1,225 previously, under 2% growth
- —Immediate support sits at $13.10-$13.30, with lower zones at $12.40-$12.65 and $11.60-$11.85
- —LINK needs to reclaim $13.75-$14.00 to ease pressure on the short-term structure
Why it matters: Weak address growth during the rally raises doubts about the rebound's durability, and holding $13.10-$13.30 will shape the next move.
Source: Coindoo