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Crypto Analytics Firm IntoTheBlock Updates Outlook on Chainlink After Strong Recovery

Crypto analytics firm IntoTheBlock has revised its outlook on Chainlink (LINK) following the blockchain oracle's strong recovery in just one month. With LINK's more than 50% surge since June, the least number of Chainlink holders are seeing losses this year. According to IntoTheBlock, LINK has more room to run with the next likely price resistance level at $10, a more than 22% increase from its current value. However, the firm warns that LINK may dip if some investors start taking profits. Additionally, IntoTheBlock highlights that Ethereum (ETH) has seen the largest recorded amount of ETH moved onto centralized exchanges (CEXs) in the last two months, which could indicate increased selling of the second largest digital asset by market cap.

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