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Chainlink's Price Action and Market Control: Can Bulls Push Beyond $6.8?

This article is not intended as financial advice and represents the opinion of the writer. The article discusses the recent market control exerted by sellers over Chainlink's LINK token, resulting in over 80% of LINK holders being at a loss.

However, there has been a short-term trend reversal with LINK crossing $6.6 at press time, following BTC's pump over the weekend. The article analyzes the potential for bulls to push beyond $6.8 and the impact of the Cumulative Volume Delta metric and open interest rates on LINK's future performance.

Chainlink Chainlink $17.44
+1.37%
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