NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: Major Win For Memecoins: SEC Affirms They Typically Do Not Qualify As Securities
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: Major Win For Memecoins: SEC Affirms They Typically Do Not Qualify As Securities

New Chainlink Addresses Hit Highest Levels Since January – LINK Network Growth Accelerates

Sebastian Villafuerte
Sebastian Villafuerte
3 months ago
3 mins read
New Chainlink Addresses Hit Highest Levels Since January – LINK Network Growth Accelerates

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Este artículo también está disponible en español.

Chainlink is trading at crucial demand levels after days of consolidation below the $20 mark, struggling to reclaim momentum amid broader market uncertainty. The entire crypto market has faced heightened volatility and instability following weeks of selling pressure. Investors remain on edge after Friday’s Bybit hack, which saw $1.5 billion worth of ETH stolen, further fueling market-wide fear and caution.

Related Reading

Bitcoin Faces Serious Price Compression As BB Narrow – What Happened Last Time

Bitcoin Faces Serious Price Compression – What Happened Last Time

3 months ago

Despite the uncertainty, Chainlink is showing signs of strength. Key data from Glassnode reveals that Chainlink network growth is accelerating, with the number of new $LINK addresses surging to 2,298—its highest level since January. This spike in network activity suggests increasing adoption and renewed interest from investors, potentially signaling a shift in sentiment for the oracle-based cryptocurrency.

As Chainlink continues to consolidate at key demand levels, traders are watching closely for a potential breakout. A strong recovery in network growth could translate into higher buying pressure, helping LINK reclaim critical resistance levels and break out of its current range. However, if bearish sentiment persists, LINK could struggle to maintain support, leading to further downside. With the market at a pivotal point, the coming days will be crucial in determining whether Chainlink can capitalize on its growing network activity and push higher.

Chainlink Grows Amid Uncertainty

Chainlink has continued to expand despite the broader market uncertainty and volatility, demonstrating resilience even as prices struggle to break above key resistance levels. While many altcoins have faced extreme selling pressure in recent weeks, LINK has held strong above crucial demand zones, maintaining its position as a top-performing project in the Oracle sector.

One of the key drivers of Chainlink’s strength is its continued strategic partnerships, including its collaboration with XRP, which highlights the growing demand for reliable decentralized data solutions in the blockchain space.

As the market looks ahead, Chainlink investors remain optimistic about the project’s potential in 2024. Many analysts expect LINK to have a bullish year, with increasing adoption fueling further price appreciation. Top analyst Ali Martinez shared Glassnode data on X, revealing that Chainlink network growth is accelerating significantly.

Chainlink New Addresses Count | Source: Ali Martinez on X
Chainlink New Addresses Count | Source: Ali Martinez on X

The number of new LINK addresses has surged to 2,298, its highest level since January. This surge in network activity suggests growing investor interest and adoption, both of which are typically bullish indicators for price action.

Related Reading

Cardano Must Hold Critical Support Around $0.67 To Sustain A Bull Run – Details

Cardano Must Hold Critical Support Around $0.67 To Sustain Bull Run – Details

3 months ago

With this increasing momentum, Chainlink appears to be positioning itself as one of the most promising projects in the crypto industry. If this trend continues, LINK could see a breakout rally in the coming months, solidifying its role as a critical infrastructure component for decentralized applications and smart contracts.

Price Action Details: Testing Crucial Demand

Chainlink (LINK) is currently trading at $17 after multiple attempts to reclaim the 200-day exponential moving average (EMA) around the $18 level. Bulls are facing a critical moment as LINK consolidates below key resistance, struggling to gain enough momentum for a breakout. If buyers step in and reclaim the $18 level, the next major hurdle will be the psychological $20 mark. A strong push above this level could trigger an aggressive rally into higher price targets, setting the stage for a bullish continuation.

LINK testing crucial liquidity | Source: LINKUSDT chart on TradingView
LINK testing crucial liquidity | Source: LINKUSDT chart on TradingView

However, if LINK fails to hold the $17 support level, the price could face renewed selling pressure, leading to a potential drop into lower demand zones. Given the current market uncertainty, investors are closely monitoring these levels to determine the next directional move. The recent increase in new Chainlink addresses, as reported by Glassnode, suggests growing investor interest, which could provide the necessary fuel for an uptrend.

Related Reading

Bitcoin Retail Investors Hold Back As Whales Drive The Market – Insights

Ethereum Holds Key Support – Analyst Doubts Bears Can Defend $4K Anymore

3 months ago

In the coming days, all eyes will be on whether LINK can establish strength above the 200-day EMA and reclaim the $20 mark. A decisive breakout would confirm bullish momentum, while further downside could indicate prolonged consolidation or a potential retest of lower support levels.

Featured image from Dall-E, chart from TradingView

Tweet123Share196ShareSend
Sebastian Villafuerte
Sebastian Villafuerte

Sebastian Villafuerte

Sebastian's journey into the world of crypto began four years ago, driven by a fascination with the potential of blockchain technology to revolutionize financial systems. His initial exploration focused on understanding the intricacies of various crypto projects, particularly those focused on building innovative financial solutions. Through countless hours of research and learning, Sebastian developed a deep understanding of the underlying technologies, market dynamics, and potential applications of cryptocurrencies.

Read more

To share his insights with others, Sebastian became an active contributor to online discussions on platforms like X and LinkedIn. His focus on fintech and crypto-related topics quickly established him as a trusted voice in the online crypto community. Sebastian's goal was to educate and inform his audience about the latest trends and insights in the rapidly evolving crypto landscape.

To further enhance his expertise, Sebastian pursued a UC Berkeley Fintech: Frameworks, Applications, and Strategies certification. This rigorous program equipped him with valuable skills and knowledge regarding Financial Technology, bridging the gap between traditional finance and decentralized finance. The certification deepened his understanding of the broader financial landscape and its intersection with blockchain technology.

Sebastian's passion for finance and writing is evident in his work. He enjoys delving into financial research, analyzing market trends, and exploring the latest developments in the crypto space. In his spare time, Sebastian can often be found immersed in charts, studying 10-K reports, or engaging in thought-provoking discussions about the future of finance.

Sebastian's journey as a crypto pioneer has been marked by a relentless pursuit of knowledge and a dedication to sharing his insights. His ability to navigate the complex world of crypto, combined with his passion for financial research and communication, makes him a valuable contributor to the industry. As the crypto landscape continues to evolve, Sebastian remains at the forefront, providing valuable insights and helping to shape the future of this revolutionary technology.

Close

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

LINK

LINK Price Action Turns Cautious As Bearish Pennant Shapes Up

Chainlink (LINK) is flashing bearish signals as it forms a pennant pattern, hinting at a potential continuation of its downward...

Godspower Owie 3 months ago
Chainlink’s 40% Drop In The Past Month: Analyst Assess the Path to Recovery

Chainlink’s 40% Drop In The Past Month: Analyst Assess the Path to Recovery

Over the past month, Chainlink (LINK) has struggled under the weight of a bearish market sentiment. The asset has experienced...

Samuel Edyme 3 months ago
Chainlink price

Chainlink Price Could Start ‘New Bull Rally’ – Here’s The Level To Watch

The Chainlink price was one of the several victims of the bearish pressure that swept the entire crypto market at...

Opeyemi Sule 3 months ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

2.23 Million Chainlink Moved To Exchanges In Two Weeks – Selling Pressure Incoming?

2.23 Million Chainlink Moved To Exchanges In Two Weeks – Selling Pressure Incoming?

Sebastian Villafuerte 2 months ago
LINK

LINK Sudden Breakdown Sparks Fears Of Collapse To $12.5 Support Zone

Godspower Owie 2 months ago
Chainlink

Chainlink Activity Spikes—2,300 Fresh Addresses In Last 7 Weeks

Christian Encila 3 months ago

Premium Partners

Top Brands

Press Releases

  • LimeChain

    LimeChain – Builders of Web3 Step into the FIA...

    2 months ago
  • Ripple XRP Investors Making $13,000 Per Day with This Cloud...

    2 months ago
  • How To Make $99k Daily Despite Crypto Market Fluctuations...

    2 months ago
  • EstateX Sells Out the First Tokenized Property in Under...

    3 months ago
  • BlackFort Exchange Network (BXN) Joins Biconomy.com...

    3 months ago

Newsletter

Be the first to get the latest important crypto news & events to your inbox.

  • This field is for validation purposes and should be left unchanged.

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.