Chainlink’s market structure turned bullish on January 17, 2025, after surpassing 23.83 USD, driven by increased demand. Despite bearish sentiment among investors, the project shows signs of recovery and could potentially reach 31 USD as accumulation continues.
The NVT ratio’s rise points to a concerning overvaluation, with LINK’s price increasing faster than transaction volumes. This trend highlights a risk of future price corrections, emphasizing the need for cautious investment strategies.
Leave a Reply