Is Chainlink Poised for a Sell Off After Reaching New ATH?
Data from Santiment indicates that the power behind Chainlink’s rally to new ATHs may be dwindling. Chainlink rallied another 4% today, maintaining its place as the fifth largest crypto asset by market cap — but are investors starting to become skittish? According to on-chain analytics resource Santiment, Chainlink (LINK) investors may be “becoming increasingly uncertain in its prolonged rally.” Santiment reported that though there weren’t “many bearish indicators or signs of an impending top” for LINK as of last week, that may no longer be the case. The number of LINK deposits into crypto exchanges reached an all-time high (ATH) of 8.2 million, the same day the token reached an ATH price of roughly $15.
Coin Telegraph - 14th Aug 04:08