Chainlink jumps 95% and flashes bearish TD Sequential signal
- —LINK rose nearly 95% from $7 to a high of $13.77
- —The number of $1 million+ transactions fell from 59 to 10 over two weeks
- —1.75 million LINK was sent to exchanges, with balances rising to 271 million
- —LINK trades at $11.43, up 1.54% in 24 hours and 5% over the week
Why it matters: Rising exchange balances and falling whale activity increase the risk of a LINK correction after its nearly twofold rally.
Source: ZyCrypto