Could Chainlink the price of $ 40 increased with the intensification of the accumulation of whales and institutional adoption? star-news.press/wp

The price of Chainlink increased by more than 50 % last week amid the constant accumulation of the whale and the adoption of its ecosystem by more institutions.

According to data from Crypto.News, Chainlink (Link) rose to the highest level in 7 months at $ 24.28 on Wednesday, August 13, Asia time. The last increase raised the weekly gains to more than 50 % and 123 % of its lowest point this year, with the market ceiling raised to more than 16.4 billion dollars.

Whales buy a link

Link Strong’s gains are associated with multiple stimuli, including constant attention from whales this week.

Data from Nansen shows that the balance of the distinctive symbols kept by the whale governor has increased by 8.5 % over the past seven days. These titles now contain 4.65 million symbols, an increase of 4.29 million registered on August 6 and a much higher than 3.42 million viewers in mid -May.

The accumulation of the whale is usually seen as a thunderbolt signal by retailers, who follow these deep investors in building their portfolios. This purchase may lead to more appreciation for the price of the original, especially if it is accompanied by strong market address and positive basic developments.

One of these developments is the increasing adoption of the cross -chain operating protocol (CCIP) by major financial institutions. Official blog mail From ChainLink revealed that the protocol was combined with Swift, the international correspondence network used by more than 11,500 institutions, to connect banks directly to Blockchains.

This integration allows financial institutions to interact with both general and private Blockchains using the rapid infrastructure standards and their rapid correspondence, and to simplify the inter -operations and settlement operations.

The experiment included more than ten leading institutions, including EuroClear, Clearstream, Anz, Citi, BNY Mellon, BNP Paribas, LLOYDS Banking Group and Six Digital Exchang (SDX).

The most modern development is that the series of joining the series Encountinental Exchange, the parent stock exchange company in New York, to offer on the actual time of the actual time for foreign minerals and precious metals.

Cooking price analysis

On the weekly graph, LINK has formed a multi -expansion spoil. This structure consists of two different contrasting trend lines to the top, indicating an increase in price fluctuations over time.

Recently, LINK has confirmed a dual -bottom formation. The bottoms were created at 10.9 dollars, with the neckline placed at $ 18. The outbreak of the neckline historically indicated a bullish reflection, indicating the possibility of more bullish momentum.

The moving average is currently 50 days above the moving average for 200 days, indicating the bullish of the medium to long term.

Overall expansion wedge is seen as a declining preparation related to the distribution stages, however the LINK price is moving towards the upper direction line near $ 40, which is approximately 65 % higher than its current level.

Some analysts see the possibility of moving about $ 46 in the coming weeks, if heavy trading activity and high demand persist in supporting the assembly. see below:

Disclosure: This article does not represent the advice of investment. The content and materials contained on this page are for educational purposes only.