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Whales Accumulate LINK as Exchange Reserves Hit ATL
Yahoo Finance· 2025-09-23 10:34
Core Insights - Chainlink has rebounded after a market drop, currently trading at approximately $21.83, reflecting a 2.2% increase in the past day [1] - On September 22, LINK experienced an 8% decline, resulting in a market cap loss of around $1 billion, now estimated at $14.8 billion [1] Investor Behavior - Large investors, referred to as whales, took advantage of the dip by acquiring over 800,000 LINK tokens [2] - LINK exchange reserves have reached an all-time low, indicating a trend towards self-custody among investors, with approximately 5.5 million LINK withdrawn from trading platforms on September 22 [2] Price Analysis - LINK is currently near the lower Bollinger Band at $21.35, which serves as immediate support; a drop below this level may lead to further declines [3] - A rebound above the mid band (20-day SMA) at $23.32 could signal a potential bullish breakout [3] Technical Indicators - The RSI indicates a neutral position, suggesting LINK is neither overbought nor oversold; an increase in RSI could indicate growing bullish momentum [4] - Key resistance is identified around $23.5, with a potential rally to $30 if this level is surpassed [4] - The MACD shows continued bearish pressure, with the line below the signal line and a negative histogram; support is noted around $20.80 [4] Long-term Outlook - Analysts maintain an optimistic view on LINK's long-term price trajectory, with expectations of a move towards $30 and a potential target as high as $100 [5]
Experts Reveal Buy Zone for HYPE as Traders Fear a Potential $107M Sell-off
Yahoo Finance· 2025-09-16 14:14
Core Insights - Hyperliquid's HYPE token experienced a 2% decline on September 16 due to concerns over a potential $107 million sell-off by a whale investor [1] - The whale, who initially staked 2 million HYPE tokens, has begun moving funds after a significant profit, raising fears of a large sell-off [2] - Current trading price of HYPE is around $52.6, indicating a paper profit of nearly $89.8 million for the whale [2] Market Sentiment - Analysts indicate a growing bearish sentiment in the short term, highlighted by another major investor opening a 3x leveraged short position on 303,901 HYPE, valued at approximately $16 million [2] - The Relative Strength Index (RSI) is currently in the neutral zone, suggesting a balance between bullish and bearish forces [4] Technical Analysis - HYPE is trading near the midpoint of a rising parallel channel established since late July, with key support levels identified at $50 and $47 for potential buying opportunities [3] - The MACD line is narrowing towards the signal line, indicating weakening bullish momentum, with a bearish crossover potentially confirming a short-term downside [5] - If the MACD resumes upward movement, resistance levels are expected near $55, with a potential price surge towards $60, the upper boundary of the trending channel [5] Future Outlook - The ongoing price downturn is perceived by some as an attractive entry point ahead of a potential rally, especially with Hyperliquid's upcoming launch of the USDH stablecoin, which is anticipated to enhance long-term confidence in HYPE's price [4]
Avalon Labs Announces Monumental AVL Token Burn, Price Soars 8%
Yahoo Finance· 2025-09-10 09:18
Core Insights - Avalon Labs' native token AVL experienced an 8% daily increase on September 10, attributed to a significant buyback and burn program aimed at enhancing the token's long-term value [1] - The buyback and burn initiative successfully removed 13,955,164 AVL tokens from circulation, which is approximately 37% of the current market supply, following a total investment of $1.88 million [1][2] - Since the program's inception in June 2025, Avalon Labs has burned a total of 93,955,164 AVL tokens, funded entirely by the company's monthly protocol revenue [2] Token Performance - Despite the recent surge, AVL is still trading 70% below its peak price of $0.70 reached in March, currently priced around $0.145 with a market capitalization of $23.47 million [4] - The daily price chart indicates rising buying pressure, with the RSI not yet in overbought territory, suggesting potential for further price increases [5] - The Bollinger Bands are widening, indicating increased price volatility, with the price recently testing the upper band, which may signal a trend reversal [5] Future Outlook - A sustained price hold above the mid-band with increasing volume could confirm bullish momentum and push the upper band higher [6] - Conversely, if selling pressure returns, support levels around $0.13 and $0.12 may be tested [6]