Chainlink (LINK) Forms Signal That Last Led To 123% Rally
Summary
Chainlink's exchange supply has dropped by 1.6% in the past month, indicating significant outflows from exchanges. This trend suggests strong demand from whales for accumulation, with historical data showing that similar declines in supply led to price rallies of 10% to 123%. The current drop from 23% to 21.4% in exchange supply could potentially lead to a bullish effect on LINK's price. As of now, Chainlink is trading around $13.9, down more than 2% over the past 24 hours.
