Crypto
Chainlink Price Breaks Above 200-Day EMA, Eyes $10 Target
Chainlink's price surged to $9.447 on August 17, marking its highest level since May as it cleared the 200-day EMA at $9.533.
The move was backed by a rising On-Balance Volume (OBV) indicator, indicating genuine buying volume rather than thin air.
A whale moved 289,760 LINK worth approximately $2.74 million to a Gnosis Safe multisig self-custody wallet on August 17, suggesting long-term holding conviction rather than preparation to sell.
LINK ETFs recorded their highest single-day inflow of $1.47 million since July 22, entirely from Bitwise's CLNK product, reinforcing institutional demand for the asset.