• About
  • FAQ
  • Contact Us
Newsletter
Crypto News
Advertisement
  • Home
    • Home – Layout 1
    • Home – Layout 2
    • Home – Layout 3
  • News
  • Market
  • Analysis
  • DeFi & NFTs
  • Guides
  • Tools
  • Flash
  • Insights
  • Subscribe
No Result
View All Result
  • Home
    • Home – Layout 1
    • Home – Layout 2
    • Home – Layout 3
  • News
  • Market
  • Analysis
  • DeFi & NFTs
  • Guides
  • Tools
  • Flash
  • Insights
  • Subscribe
No Result
View All Result
Crypto News
No Result
View All Result
Home News

Exchange Outflows Signal Bullish Momentum

admin by admin
May 21, 2025
in News
0
Exchange Outflows Signal Bullish Momentum
189
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter

Related articles

Democrats Threaten Lawsuits, Join Protests Ahead of Trump Memecoin Dinner

Democrats Threaten Lawsuits, Join Protests Ahead of Trump Memecoin Dinner

May 22, 2025
US tourist drugged by fake Uber driver and robbed of 3K BTC — Report

US tourist drugged by fake Uber driver and robbed of $123K BTC — Report

May 22, 2025

Chainlink’s price action demonstrates remarkable resilience amid mixed global economic conditions.

The token has established a well-defined rising channel pattern, with technical indicators supporting continued bullish momentum.

After successfully breaking above the 200-day moving average, LINK has maintained its upward trajectory despite short-term resistance.

Exchange outflows remain consistently negative, with $11.27 million worth of LINK exiting exchanges this week following $55.2 million in outflows last week. This pattern of decreasing exchange balances typically signals investor accumulation rather than selling pressure.

Meanwhile, Chainlink’s technology continues gaining traction in the DeFi sector, with recent integrations including JPMorgan, Ondo Finance, and Solana mainnet.

Analysts project LINK could reach $20 in the near term, with longer-term forecasts suggesting potential growth to $50 by 2028 and $100 by 2030 as adoption of its Cross-Chain Interoperability Protocol (CCIP) expands across the blockchain ecosystem.

Technical Analysis Highlights

  • LINK established strong support at $15.60 with high-volume buying emerging at the $15.27-$15.30 zone during the 18-19 hour timeframe on May 20th.
  • A significant volume spike (3.08M) during the 11:00 hour on May 21st coincided with LINK testing the $16.24 resistance level.
  • The overall trend remains bullish with higher lows forming a clear upward channel.
  • LINK demonstrated significant bullish momentum in the last hour, surging from $15.67 to a peak of $15.91, representing a 1.5% gain.
  • A notable volume spike occurred at 13:30, catalyzing a sharp upward movement that established a new support level around $15.75.
  • The price action formed an ascending channel with higher lows, though some profit-taking emerged near the $15.90 resistance level.
  • Final minutes showed consolidation around $15.85, with volume patterns suggesting accumulation rather than distribution.

External References

  • “Chainlink Price Prediction: Can Increased Network Adoption Rejuvenate Bullish Momentum for LINK?”, CoinPedia, published May 20, 2025.
  • “Chainlink price prediction 2025-2031: A strong buy sentiment for LINK?”, Cryptopolitan, published May 20, 2025.
  • “Chainlink In Rally Mode: Rising Channel Formation Signals Continued Climb”, NewsBTC, published May 21, 2025.
  • “Chainlink price targets $20 as exchange outflows surge”, crypto.news, published May 21, 2025.




#Exchange #Outflows #Signal #Bullish #Momentum

Tags: ai-market-insightsbullishChainlinkexchangemomentumoutflowsSignaltechnical-analysis
Share76Tweet47

Related Posts

Democrats Threaten Lawsuits, Join Protests Ahead of Trump Memecoin Dinner

Democrats Threaten Lawsuits, Join Protests Ahead of Trump Memecoin Dinner

by admin
May 22, 2025
0

WASHINGON, D.C. — Congressional Democrats threatened lawsuits, introduced legislation and planned protests in the lead-up to U.S. President Donald Trump's...

US tourist drugged by fake Uber driver and robbed of 3K BTC — Report

US tourist drugged by fake Uber driver and robbed of $123K BTC — Report

by admin
May 22, 2025
0

An American tourist in the United Kingdom was reportedly drugged by an individual posing as a taxi driver, who stole...

Centrifuge Expands Tokenized Assets to Solana Starting With 0M Treasury Fund

Centrifuge Expands Tokenized Assets to Solana Starting With $400M Treasury Fund

by admin
May 22, 2025
0

Tokenized asset platform Centrifuge said it's expanding services on the Solana blockchain, starting with the $400 million tokenized U.S. Treasury...

OpenAI plans to ship 100 million pocket-sized AI devices for everyday use

OpenAI plans to ship 100 million pocket-sized AI devices for everyday use

by admin
May 22, 2025
0

OpenAI is planning to develop AI “companion” devices that will integrate artificial intelligence capabilities with everyday life, potentially opening the...

BlockTrust IRA Brings Quant Trading Tools to Crypto Retirement Accounts

BlockTrust IRA Brings Quant Trading Tools to Crypto Retirement Accounts

by admin
May 22, 2025
0

As spot bitcoin exchange-traded funds continue to grow and Wall Street wades deeper into crypto, more and more people are...

Load More
  • Trending
  • Comments
  • Latest
Bitcoin and Ethereum Stuck in Range, DOGE and XRP Gain

Bitcoin and Ethereum Stuck in Range, DOGE and XRP Gain

April 25, 2025
Saylor says Warren Buffett’s Berkshire Hathaway is Bitcoin of 20th century – Deep Insight

Saylor says Warren Buffett’s Berkshire Hathaway is Bitcoin of 20th century – Deep Insight

May 7, 2025
Amazon CEO on Crypto and NFTs, EPNS to Expand Beyond Ethereum + More News

Amazon CEO on Crypto and NFTs, EPNS to Expand Beyond Ethereum + More News

April 25, 2025
Why DeFi agents need a private brain

Why DeFi agents need a private brain

May 4, 2025
US Commodities Regulator Beefs Up Bitcoin Futures Review

US Commodities Regulator Beefs Up Bitcoin Futures Review

0
Bitcoin Hits 2018 Low as Concerns Mount on Regulation, Viability

Bitcoin Hits 2018 Low as Concerns Mount on Regulation, Viability

0
India: Bitcoin Prices Drop As Media Misinterprets Gov’s Regulation Speech

India: Bitcoin Prices Drop As Media Misinterprets Gov’s Regulation Speech

0
Bitcoin’s Main Rival Ethereum Hits A Fresh Record High: 5.55

Bitcoin’s Main Rival Ethereum Hits A Fresh Record High: $425.55

0
CFTC Signals Crypto Perps Could Trade in US as Commissioners Head for the Exits

CFTC Signals Crypto Perps Could Trade in US as Commissioners Head for the Exits

May 22, 2025
Democrats Threaten Lawsuits, Join Protests Ahead of Trump Memecoin Dinner

Democrats Threaten Lawsuits, Join Protests Ahead of Trump Memecoin Dinner

May 22, 2025
Solana memecoin average daily volume surges 46% in May, echoing Bitcoin’s recovery

Solana memecoin average daily volume surges 46% in May, echoing Bitcoin’s recovery

May 22, 2025
Myriad Moves: Bitcoin Price Predictions and Eyes on Coinbase Hack Bounty Prize

Myriad Moves: Bitcoin Price Predictions and Eyes on Coinbase Hack Bounty Prize

May 22, 2025
  • About
  • FAQ
  • Contact Us
Call us: +1 23456 JEG THEME

© 2025 Btc04.com

No Result
View All Result
  • Home
  • News
  • Market
  • Analysis
  • DeFi & NFTs
  • Guides
  • Tools
  • Flash
  • Insights
  • Subscribe
  • Contact Us

© 2025 Btc04.com