Can Chainlink Price Rebound as Binance Outflows Continue for 18 Days?
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Chainlink (LINK) has lost 20.8 % since the beginning of October, despite a drop in reserves on crypto platforms. Binance records 18 consecutive days of net token releases, while the reserves followed by CryptoQuant have fallen to 124.2 million LINKs. Usually considered favourable to an increase, this movement does not produce any lasting rebound. The American Chainlink ETFs also show signs of slowing down. The Crypto article: Chainlink dives whi…
Can Chainlink Price Rebound as Binance Outflows Continue for 18 Days?
The post Can Chainlink Price Rebound as Binance Outflows Continue for 18 Days? appeared first on Coinpedia Fintech News Chainlink price is approaching a critical support zone as persistent exchange outflows offer a potential counterpoint to its recent decline. LINK has retreated from its October peak near $16 and is trading around $11.40, leaving buyers under pressure. Meanwhile, exchange-flow data shows an extended streak of net withdrawals fro…
Chainlink (LINK) was delisted from Binance for 18 consecutive days, but it lost 20.8% in October; net flow in US spot LINK ETFs remained zero for 8 sessions.
LINK quoted in USD $11.83 and recorded an informed advance of 4.53%, although that variation did not match the calculation against the previous shutdown of USD $11.73. A GoldZip announcement about the planned integration of XGZ with CCIP is a plausible catalyst, not confirmed as cause of the movement. Volume remains below its average and indicators remain divided.
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