Eight Global CEO: ‘Time To Build a Heavy Stack of LINK’
CoinEdition
Published Nov 24, 2022 07:36AM ET
Updated Nov 24, 2022 08:00AM ET
Eight Global CEO: ‘Time To Build a Heavy Stack of LINK’
- CEO of Eight Global tweeted it was to start stacking LINK.
- The Chainlink Economics 2.0 upgrade could be the reason behind Micheal’s tweet.
- LINK is on a bull run, and the 50-day MA looks very bullish.
Chief Executive Officer and Founder of Eight Global, Micheal van de Poppe tweeted that it was time to start stacking Chainlinks’s token, LINK. However, it is not evident what prompted Micheal to say so.
Meanwhile, LINK is traversing a bullish phase in prices. Chainlink is up 3.55% in the last 24 hours and is trading at $6.70, as of press time, according to CoinMarketCap.
LINK is running rampant by setting higher lows. As shown in the Chart below, LINK had a bull run during the start of the second half of November. It reached $6.6 from as low as $5.75 in less than 24 hours. Since then, LINK has been moving sideways while descending rather lethargically until November 22. It recorded an unprecedented low of $5.526 which is in the Support Level range of $5.5 – $5.7.
LINK/USDT 1h Chart on TradingView
LINK may be looking to hit the Resistance Level, which is positioned between $7.4-$7.6. However, the Bollinger bands are widening, which indicates more volatility, but the 50-day MA (RED LINE) looks bullish while the RSI is at 45, meaning the market is saturated.
Disclaimer: The views and opinions, as well as all the information shared in this price prediction, are published in good faith. Readers must do their research and due diligence. Any action taken by the reader is strictly at their own risk. Coin Edition and its affiliates will not be held liable for any direct or indirect damage or loss.
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