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Chainlink Price Prediction: Will 900K Holders and an Aave Integration Push LINK Above $8.60?

6h ago
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bearish:

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  • Chainlink holders on Ethereum reached a record 900K wallets, with 20K+ added in the past month alone
  • Aave designated Chainlink CCIP as the default infrastructure for all cross-chain operations across its entire ecosystem
  • Short liquidations hit $292.46K over 24 hours against just $14.10K for longs, a heavy squeeze on bearish positioning

Chainlink trades at $8.360 on July 15, up 0.23%, after reclaiming both its 20-day and 50-day EMAs for the first time since May. A bullish RSI divergence that printed in early July is following through, and the derivatives market is actively squeezing shorts as open interest rises alongside price.

LINK 1D Price Action (Source: TradingView)

The daily chart shows LINK clearing both the 20-day EMA at $7.918 and the 50-day at $8.116, with price now pressing against the 100-day EMA at $8.627 and a des…

Read The Full Article Chainlink Price Prediction: Will 900K Holders and an Aave Integration Push LINK Above $8.60? On Coin Edition.

6h ago
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