ChainLink Token (LINKUSD)

[stockvaper]

LINK’s Price Divergence - (Metcalfe's Law kicking in)

"...After remaining in the bearish zone for almost the entire month of July, LINK’s Price DAA Divergence finally stepped into the bullish zone on the 27th. This metric tracks the relationship between the alt’s price and the number of daily addresses interacting with it.

Since the beginning of this year, this indicator has flashed bullish signs only during the end of every month. The same carried forward to the initial few days of the subsequent month, and then translated into a bearish sign. Furthermore, the past six bullish divergences did not prolong themselves for more than 4 days.

However, at the time of writing, this indicator was in the bullish zone for the sixth consecutive day.



According to the attached chart, LINK’s valuation has risen by $1 to $4 every time a bullish signal flashed this year. As a matter of fact, the alt’s price has already risen by $5 this time. Looking at the way things have unfolded for LINK this time, it can be claimed that the ongoing rally might end up sustaining itself for a couple of days, at least.

Additionally, it is noteworthy that LINK’s price has not always reacted immediately during such transitionary phases. Hence, traders can expect the value of this alt to hike a little more over the coming week.

https://ambcrypto.com/traders-can-expect-chainlink-polkadots-prices-to-move-in-this-direction/