Rough waters ahead for $LINK marines?

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Ibis
Aug 11, 2020

During our weekly community stream on Friday, someone in chat asked me to do an impromptu analysis of LINK’s recent fundamentals as the coin was attempting to breach the $10 resistance level for the first time ever.


Now I haven’t paid too much attention to the coin in the days prior, but based on LINK’s incredulous price action lately I fully expected to find a litany of red flags and bearish markers in its on-chain and social activity.


I was quickly proven wrong. After taking a quick look at some of LINK’s most important fundamental metrics, I ended the segment (at 1:28:45) by saying:


‘Surprisingly, Chainlink’s still looking OK. I’m not seeing many bearish indicators or signs of an impending top’


Since then, LINK has pumped an additional +34.7%, blowing past the $10 mark and trading around $13.50 at the

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Assets from this insight

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ChainLinkLINK

$ 11.65

7.64%in last 7d
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