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: SOL Strategies: The First Solana Treasury Company Listed On Nasdaq
  • 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: SOL Strategies: The First Solana Treasury Company Listed On Nasdaq

Chainlink (LINK) Just Crossed Above $8: What Analysts Say Comes Next

Nick Chong
Nick Chong
5 years ago
2 mins read
bitcoin price

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.

Shocking many traders, Chainlink (LINK) continued to rocket higher after our last update on the cryptocurrency. Published about two hours ago, the altcoin had passed above $7.00 for the first time ever.

Now, LINK is trading at $8.21 — touching $8.50 just minutes ago as the asset has truly gone parabolic.

Chart of LINK's price action over the past two days from TradingView.com

This means that over the past 24 hours, the asset is up by more than 35%. And over the past two days alone, it is up by around 40%.

A Surge Built on LINK Shorts

Partially fueling this rally seems to be a surge in liquidations of traders that were holding a LINK short.

A cryptocurrency trader shared the graph below in the midst of the ongoing upswing. It shows that over the past month, there have been dozens of millions of dollars worth of Chainlink short positions liquidated. The biggest liquidation ever took place today.

Image

Graph of LINK short position liquidations shared by trader "Hsaka" (@HsakaTrades on Twitter).

What’s Next For Chainlink? 

Investors are trying to digest what comes next for LINK. After rallying dozens of percent in a few days and hundreds of percent in a few months, there’s much to think about.

On-chain analyst Cole Garner shared the chart below just an hour ago. He noted that LINK closed “its first candle above the log trendline in a full year.”

The last time this happened, the asset temporarily went exponential, then suffered a strong retracement once the buying volume subsided.

$LINK closed its first candle above the log trendline in a full year.

Last time that happened it went parabolic. Is this a repeat? pic.twitter.com/Hac2hemFTl

— Cole Garner (@ColeGarnersTake) July 13, 2020

Should history repeat, Chainlink will continue to rally in the days ahead.

Garner’s comment comes a few days after he shared that there are clear on-chain and exchange metrics indicating LINK will continue higher. Some of those are as follows:

  • LINK’s “mean dollar invested age” is curling down, suggesting an influx of new money. Every time this metric has done so, the asset has proceeded to rocket higher.
  • The number of LINK held on exchanges is dropping, meaning there is less potential sell pressure.
  • On-chain Chainlink volume is not even close to previous historical highs.
  • And more. 

As of this article’s publishing, LINK is trading for $8.02. This means that there has been a slight retracement since the all-time high established just minutes ago.

Featured Image from Shutterstock
Price tags: linkusd, linkbtc
Charts from TradingView.com
Chainlink (LINK) Just Crossed Above $8 — Why Some Say the Rally Isn't Over
Tweet123Share196ShareSend
Nick Chong
Nick Chong

Nick Chong

I am a writer who has been following Bitcoin for years now. My insights and interviews have been featured in leading publications in the industry such as LongHash and Decrypt. I own a small amount of Bitcoin.

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

WLFI

Expert Predicts WLFI Going To $0 Without Sun’s Support, Panic Selling Looms

The launch of the World Liberty Financial platform’s native token, WLFI, was anticipated as a significant event in the cryptocurrency...

Ronaldo Marquez 6 hours ago
solana-price-prediction-1000-snorter-100x-opportunity-tw

Solana最新價格預測SOL將飆至1000美元 Snorter成下個百倍幣機遇

隨著金融市場數位化進程日益加快,Solana再度搶佔技術與敘事的雙重先機。最新消息指出,Galaxy Digital即將成為首批於Solana鏈上代幣化並可直接交易的SEC註冊股票,象徵著傳統金融正正...

Mark Mak 9 hours ago
Solana SOL SOLUSD

Whales Inject $1B Into Solana DeFi as Transactions Surge 500%, Here’s Why

Solana (SOL) is back in the spotlight after whale investors injected more than $1 billion into DeFi protocols, sparking a...

James Halver 10 hours 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

Crypto trading markt update: volatiliteit blijft hoog, groeien de zorgen?

Crypto Bull Run: Probability Of Fed Rate Cuts In September Almost At 100%

Scott Matherson 22 minutes ago
Altcoin

‘Corporate’ Altcoin Season? Expert Shares How Crypto ETFs, Treasuries Could Change The Market

Rubmar Garcia 1 hour ago
Crypto trading markt update: volatiliteit blijft hoog, groeien de zorgen?

Crypto trading markt update: volatiliteit blijft hoog, groeien de zorgen?

Lars Diederiksen 2 hours ago

Premium Sponsors

Press Releases

  • 50万ドル調達の新興プロジェクトが次の大型ミームコイン候補に浮上

    ...

    10 hours ago
  • イーサリアム売却後に注目される次のアルトコイン投資先4選

    ...

    10 hours ago
  • アルトシーズン前に投資候補となる仮想通貨プレセールの紹介

    ...

    11 hours ago
  • 仮想通貨おすすめ:市場回復期に注目すべき銘柄リスト

    ...

    11 hours ago
  • 今日注目すべき1ドル未満の新しい仮想通貨 ― 9月6日版

    今日注目すべき1ドル未満の新しい仮想通貨...

    11 hours ago

Newsletter

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.