Targeting $9! Attention The Best Altcoin In Its Field!

Long-term LINK Coin investors do not seem willing to sell.
In the short term, the $8.6 resistance can be targeted again.
Closes below $7 may lead to a test of $6.5 support for LINK.
Bitcoin (BTC) continues its sideways trend and most altcoins have moved away from key resistance areas. BTC closes at the time of writing at $29,200 and below the $29,700 support suggest more declines are likely soon. So, what are the expectations for Chainlink (LINK), the crypto project that monopolized in the oracle field?
Targeting $9! Attention The Best Altcoin In Its Field!
Summary
Long-term LINK Coin investors do not seem willing to sell.
In the short term, the $8.6 resistance can be targeted again.
Closes below $7 may lead to a test of $6.5 support for LINK.
Impact on the market: Positive
14:5028 July 2023
Fatih UçarAuthor: Fatih Uçar
Bitcoin (BTC) continues its sideways trend and most altcoins have moved away from key resistance areas. BTC closes at the time of writing at $29,200 and below the $29,700 support suggest more declines are likely soon. So, what are the expectations for Chainlink (LINK), the crypto project that monopolized in the oracle field?
Content Guide
Chainlink (LINK)
LINK Coin Review
Chainlink (LINK)
Chainlink (LINK) price continues to close below the critical $8 resistance after falling sharply 12% last week. Chainlink (LINK) price has increased 30% so far in July 2023. Despite the slight pullback last week, long-term investors held firm as they positioned for more gains. On-chain data shows that bulls can take full advantage to force a new 2023 price peak.
Despite gaining 30% monthly so far, Chainlink seems to expect more in the long run. Age Consumed data compiled by Santiment shows a significant decline in the number of long-term investors selling LINK tokens. This confirms the bullish expectation of long-term investors.
Chainlink's 2023 price peak is currently at $8.60, achieved on April 19. On-chain indicators suggest that the bulls may take action for more bullishness in the coming weeks. On the other hand, 9 dollars is the ideal target for now. In the $8.6 region, which is expected to be challenging as resistance, 3,800 investors bought 2.34 million LINK. The sales made by this group may trigger a short-term pullback on the first try.
If existing investors' Age Consumed data continues with the current trend, we may see that holders are less willing to sell. So what is expected in a negative scenario? If the price dips below $7, a deeper bottom could be marked towards the $6.5 support.
Chainlink (LINK) helps most of the popular smart contracts especially with price feeds. The team, which wants to maintain this market dominance in the field of tokenized assets, has taken very important steps. In this regard, the team works in partnership with many institutions, including Swift, and they want to get the maximum share from the market that will reach trillion dollars in the future.
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