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Is Chainlink Price Set to Trigger Bullish Reversal as MVRV Flashes Buy Signal?

CoinGape LogoCoinGape3d ago

Is Chainlink Price Set to Trigger Bullish Reversal as MVRV Flashes Buy Signal? - CoinGape

Quick Summary:

Chainlink price is on the verge of a major bullish reversal after its Market Value to Realized Value (MVRV) ratio flipped negative.

Due to the high volumes accumulated at these levels, it could act as a buying zone, with buyers defending this support if LINK retraces.

This bullish setup presents a buy signal for LINK, which trades at $18.08 today with a marginal decline of 0.85%.


More Pictures

Is Chainlink Price Set to Trigger Bullish Reversal as MVRV Flashes Buy Signal? - CoinGape (Picture 1)Is Chainlink Price Set to Trigger Bullish Reversal as MVRV Flashes Buy Signal? - CoinGape (Picture 2)Is Chainlink Price Set to Trigger Bullish Reversal as MVRV Flashes Buy Signal? - CoinGape (Picture 3)Is Chainlink Price Set to Trigger Bullish Reversal as MVRV Flashes Buy Signal? - CoinGape (Picture 4)

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Article Details

Author / Journalist: muthoni

Category: Crypto

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-02-19 @ 14:52:22 (3 days ago)

News Timezone: GMT +8:00

News Source URL: coingape.com

Language: English

Article Length: 484 words

Reading Time: 3 minutes read

Sentences: 44 lines

Sentence Length: 11 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinGape

News ID: 26274317

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About CoinGape

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Main Topics: Crypto

Official Website: coingape.com

Update Frequency: 17 posts per day

Year Established: 2017

Headquarters: India

News Last Updated: 9 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #59

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The story "Is Chainlink Price Set to Trigger Bullish Reversal as MVRV Flashes Buy Signal?" was covered 3 days ago by CoinGape, a news publisher based in India.

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  • URL: https://chronographically.beamstart.com/news/is-chainlink-price-set-to-17399768541352

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