LINK approaching ATH
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It's been a while since we've observed Chainlink. And it's basically doing good, price keeps surging and approaching slowly ATH.
Are there any worrying signs for LINK? Except this declining trading volume. Or all bullish? Let's see.
Worrying signs
🟥 MVRV
Literally all time bound MVRV values are in positive zone. Means like literally almost everyone holding LINK is in profit. No wonder when it's so close to ATH. This is dangerous.
Good signs
🟢Social volume
Social volume is not at all that much. It did spike 5 days ago (A). Right at the top. Like in April (B, C) and in February (D). Now it's around average levels. There were some signs it was about to dump on 25th, but now it's ok. Slightly bullish.
🟢Daily Active Addresses
DAA is growing last couple of months. We've recently
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