
LINK gained 27% in a single day after announcing the integration of an EU-based tokenized asset service, which resulted in a massive surge in user activity.
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LINK’s double-digit rally is backed by increasing network activity and a bullish technical setup.
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LINK’s price is nearing an ascending triangle breakout scenario in December with bullish on-chain indicators strengthening the upside case.
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LINK price surged also in the wake of a market-wide bullish boom, wherein Bitcoin and its top rivaling altcoins jumped in tandem.
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LINK is in price discovery mode but one chart suggests it’s about to explode by 154%.
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Chainlink has entered price discovery and traders should watch several key levels for the next possible top.
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Chainlink delivers easily the best year-to-date returns in 2020, but Bitcoin is still down the least against its all-time highs.
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