Chainlink (LINK) failed to exceed the $ 26 resistance at the end of January, and this failure caused the price to fall below $ 20. As of now, the recovery of LINK is largely dependent on the moves of investors.
Is there an opportunity for Chainlink investors?
Currently, Chainlink’s active address has declined to 3,400, reaching the lowest level of the last two months. This figure was last seen in November 2024.
This decrease shows that investor interest is reduced and many people avoid trading. Less trading activity can lead to weak market momentum and difficulty in moving the price upward.
In particular, the uncertainty in the market and investors’ waiting strategy application creates additional pressure on the LINK price.
MVRV Ratio: Is it a turning point for Chainlink?
Market value / realized value (MVRV) ratio is currently -15%. This shows that an average of 15 %damage of investors who have purchased LINK in the last month.
The region of MVRV between -8% and -19% is considered as “opportunity zone .. According to the past data, investors stop their sales and accumulate when they fall into these levels.
If this trend persists, long -term investors can support the price of the LINK and start the recovery process.
LINK Price Estimation: Is it possible to return?
Chainlink’s price has lost 25 %since the beginning of the month and fell to $ 18.84.
Altcoin has not been able to break the $ 19,23 resistance for the last week. If this level is exceeded, the price may be possible to rise up to $ 22.03.
However, if this critical level is not broken and the link decline trend, the price may decrease to $ 17.31. This decrease may invalidate the current rise scenario and pave the way for more loss for Chainlink.
