{"id":567311,"date":"2021-06-13T13:24:05","date_gmt":"2021-06-13T10:24:05","guid":{"rendered":"https:\/\/en.ethereumworldnews.com\/?p=567311"},"modified":"2021-06-13T13:24:05","modified_gmt":"2021-06-13T10:24:05","slug":"3m-chainlink-link-tokens-have-left-exchanges-in-the-last-30-days","status":"publish","type":"post","link":"https:\/\/en.ethereumworldnews.com\/3m-chainlink-link-tokens-have-left-exchanges-in-the-last-30-days\/","title":{"rendered":"3M+ Chainlink (LINK) Tokens Have Left Exchanges in the last 30 days"},"content":{"rendered":"
Chainlink investors<\/a> have withdrawn over 3 million LINK tokens in the last 30 days as highlighted in the following screenshot courtesy of Viewbase.<\/p>\n <\/a><\/p>\n The outflow of more than 3 million LINK tokens valued at roughly $62.66 million, hints that Chainlink investors are playing the long game with the token. This is despite Chainlink’s recent pullback from its all-time high of $53 to a local low of $15. The move down was a 71.69% correction which was part of the crypto-wide sell-off that saw Bitcoin drop to $30k<\/a> and Ethereum to the $1,800 levels.<\/p>\n With respect to price action, Chainlink, just like Bitcoin<\/a>, is trading below the 200-day moving average with a death cross about to happen in the days to follow. This, in turn, leaves the 50-week moving average as the next logical area of support for Chainlink<\/a> at current levels between $20 and $19, as demonstrated in the chart below.<\/p>\nOutflow Shows Optimism in Chainlink Despite Recent Crash<\/h2>\n
Chainlink Loses 200-day Moving Average, 50-week Moving Average Could Provide Some Relief<\/h2>\n