Flow

Fuel

bullish

Strong

Chainlink

<ul class="wp-block-list">
 <li>Institutional investors are accumulating LINK, signaling a potential price surge.&nbsp;&nbsp;</li>  
 <li>Bullish technical patterns suggest LINK may reach $20 by year-end.&nbsp;&nbsp;</li>  
 <li>Increased network activity and Smart Money inflows support a positive market outlook.</li> 
</ul>  
<p><a href="https://cryptonewsland.com/3-altcoins-poised-to-surge-when-bitcoin-hits-100k/" target="_blank" rel="noopener noreferrer nofollow">Chainlink (LINK)</a> is drawing significant interest from large-scale buyers. Institutional investors have quietly accumulated large amounts of LINK, signaling a potential price rally in the months ahead.&nbsp;</p>  
<p>The increasing institutional and individual interest might set the ground for a significant price surge. As market sentiment shifts bullish, experts predict that LINK might climb to $20 by year-end, as the post below highlights.</p>  
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
  https://twitter.com/UPTX_official/status/1841406518790668691?t=xXMVqv2_xkIbpjZKWHKJoQ&amp;s=19
 </div>
</figure>  
<h2 class="wp-block-heading" id="h-strong-technical-patterns-and-market-sentiment">Strong Technical Patterns and Market Sentiment</h2>  
<p>The recent <a href="https://cryptonewsland.com/link-to-47-prediction-chainlink-ath-soon/" target="_blank" rel="noopener noreferrer nofollow">price action around LINK</a> is encouraging. After the August market crash, LINK formed a classic double bottom pattern—a signal of strength after a bearish trend.&nbsp;</p>  
<p>As the price consolidated around support, the token broke through short-term resistance, suggesting a structural shift in market momentum. Traders now look for the next move as Chainlink enters a correction phase.&nbsp;</p>  
<p>Technical indicators, including the MACD and <a href="https://www.chaikinanalytics.com/chaikin-money-flow/" target="_blank" rel="noopener noreferrer nofollow">Chaikin Money Flow</a> (CMF), are turning bullish. The MACD, with its increased buying volume, confirms growing demand. The CMF, reflecting money inflows, shows Smart Money driving the action. These signs hint that LINK’s price could surge as high as $20, a potential 70% gain.</p>  
<h2 class="wp-block-heading" id="h-network-activity-and-accumulation">Network Activity and Accumulation</h2>  
<p>Chainlink's network activity aligns with this bullish sentiment. The number of new addresses has increased by 25%, while active addresses have jumped by 59%.&nbsp;</p>  
<p>More tellingly, zero-balance addresses have risen by 143%. This shows traders are gearing up for a rally, eager to join the market.</p>  
<p>In terms of holdings distribution, Chainlink presents a dynamic shift.&nbsp;</p>  
<p>Investors holding between 1-10 million LINK tokens have expanded their positions, while those with over 10 million <a href="https://coinmarketcap.com/currencies/chainlink/" target="_blank" rel="noopener noreferrer nofollow">LINK</a> have slightly reduced theirs. This rebalancing points to a healthy, evolving market where both buying and selling contribute to growth.</p>  
<p>With Smart Money pouring in and a flurry of network activity, LINK seems primed for a breakout. If this momentum holds, the $20 mark may be attainable in the final quarter of the year.</p> 
<p>The post <a href="https://cryptonewsland.com/institutional-investors-fuel-chainlinks-ascent/" rel="noopener noreferrer nofollow">Institutional Investors Fuel Chainlink’s Ascent: Is $20 Be Within Reach in Q4?</a> appeared first on <a href="https://cryptonewsland.com" rel="noopener noreferrer nofollow">Crypto News Land</a>.</p>

Institutional Investors Fuel Chainlink’s Ascent: Is $20 Be Within Reach in Q4?

Table of Contents

Crypto News Land

Other articles published on Oct 2, 2024

Lamborghini, Animoca Brands unveil blockchain-based supercars for web3 game

DOGS Price Plummets 15% As Investors Shift Focus To This New Staking Meme Coin With 779% APY

SEC Appeal On Ripple Case Fuels XRP Surge, See Why DTX Exchange (DTX) Could Soar 1,500% Next

Hive’s AI Application Revenues Surpass Mining Income by 8 Times

SUI, NEAR, LTC, DOT Prices Fall: Is This a Buying Opportunity?

Dogecoin (DOGE) Potential Price Reversal as Whale Activity Intensifies

Join our free newsletter for daily crypto updates!