{"id":559552,"date":"2023-11-07T19:00:13","date_gmt":"2023-11-07T19:00:13","guid":{"rendered":"https:\/\/www.ktsl888.com\/?p=559552"},"modified":"2024-06-11T14:30:51","modified_gmt":"2024-06-11T14:30:51","slug":"chainlink-massive-resistance-ahead-rally-end-soon","status":"publish","type":"post","link":"https:\/\/www.ktsl888.com\/news\/chainlink\/chainlink-massive-resistance-ahead-rally-end-soon\/","title":{"rendered":"Chainlink Has Massive Resistance Ahead, Will The Rally End Soon?"},"content":{"rendered":"

On-chain data shows there is major resistance ahead for Chainlink, a sign that could be troubling for the rally’s sustainability.<\/p>\n

Only 55% Of Chainlink Investors Are In Profit So Far<\/h2>\n

As explained by an analyst in a post<\/a> on X, Chainlink is still behind Bitcoin in terms of investor profitability<\/a> despite the LINK price outperforming BTC in the year so far.<\/p>\n

The below chart shows what the LINK address concentration looks like on the different price ranges that the asset has previously visited:<\/p>\n

\"Chainlink<\/p>\n

The different on-chain resistance and support levels of the asset | Source: @hmalviya9 on X<\/a><\/pre>\n
Here, the size of the dot represents the number of investors or addresses who purchased their coins inside the particular price range. It would appear that the ranges below $10 are host to the cost basis<\/a> of a hefty number of holders.<\/p>\n
Related Reading: XRP Enjoys 11% Rally As Sharks & Whales Hit 2023 High Holdings<\/a><\/div>\n
Since the LINK price is above these levels right now, these investors would naturally be in a state of profit. These addresses only make for about 55% of the network total, however, implying that a significant number of them are still sitting at a loss. From the chart, it’s visible that the $16 to $27 range in particular has a considerable density of investors.<\/p>\n
In on-chain analysis, major support and resistance levels are defined on the basis of the number of investors that are at a particular range. This is because of the fact that whenever the spot price interacts with the cost basis of an investor, they become more likely to show a move.<\/p>\n
When the price retests the cost basis from above, the holder may decide to buy more. The reason behind this is that they might tend to believe that the level, which had been profitable for them earlier, might produce gains in the future again, so it would appear like an ideal point of accumulation for them.<\/p>\n
On the other hand, the red holders might see the break-even point as a decent exit point, as they might fear that the cryptocurrency would go back down in the near future, so going out here at least means they can avoid taking any losses.<\/p>\n
Such buying or selling from just a few investors when the price retests their common cost basis doesn’t produce any effects on the macro scale, but if a large number of investors bought at the same level, the reaction might be more pronounced.<\/p>\n
Related Reading: Bitcoin Has Just Cleared A Level That Historically Lead To Rallies Of 99%+<\/a><\/div>\n
Thus, the Chainlink levels ahead until the $27 mark might prove to be a source of some heavy resistance, making the rally hard to sustain through them.<\/p>\n
The analyst notes, however, “once LINK <\/span>breaks the $27 mark, the ensuing rally is expected to be substantial. Alongside this, the wallet profitability ratio is projected to surpass 80%.”<\/span><\/p>\n
As mentioned before, Bitcoin’s investor profitability distribution is looking much better so far, as the below chart from IntoTheBlock<\/a> shows:<\/p>\n
\"Bitcoin<\/p>\n
Looks like the current price levels have a substantial amount of investors | Source: IntoTheBlock on X<\/a><\/pre>\n
Bitcoin is currently battling against the resistance offered by the current investor-packed $34,100 to $35,100 range. Once BTC is through these levels, however, the road towards $40,000<\/a> might prove to be relatively easy.<\/p>\n
LINK Price<\/h2>\n
Following its 12% rally in the past week, Chainlink is now sitting just below the $12.9 mark.\"Chainlink<\/p>\n
LINK has exploded more than 67% in the past month | Source: LINKUSD on TradingView<\/a><\/pre>\n
\n
\n
\n
\n
\n
\n
\n
\n
\n
Featured image from Shutterstock.com, charts from TradingView.com, IntoTheBlock.com<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"
On-chain data shows there is major resistance ahead for Chainlink, a sign that could be troubling for the rally’s sustainability. Only 55% Of Chainlink Investors Are In Profit So Far As explained by an analyst in a post on X, Chainlink is still behind Bitcoin in terms of investor profitability despite the LINK price outperforming BTC in the year so far. The below chart shows what the LINK address concentration looks like on the different price ranges that the asset has previously visited: The different on-chain resistance and support levels of the asset | Source: @hmalviya9 on X Here, the size of the dot represents the number of investors or addresses who purchased their coins inside the particular price range. It would appear that the ranges below $10 are host to the cost basis of a hefty number of holders. Related Reading: XRP Enjoys 11% Rally As Sharks & Whales Hit 2023 High Holdings Since the LINK price is above these levels right now, these investors would naturally be in a state of profit. These addresses only make for about 55% of the network total, however, implying that a significant number of them are still sitting at a loss. From the chart, it’s visible that the $16 to $27 range in particular has a considerable density of investors. In on-chain analysis, major support and resistance levels are defined on the basis of the number of investors that are at a particular range. This is because of the fact that whenever the spot price interacts with the cost basis of an investor, they become more likely to show a move. When the price retests the cost basis from above, the holder may decide to buy more. The reason behind this is that they might tend to believe that the level, which had been profitable for them earlier, might produce gains in the future again, so it would appear like an ideal point of accumulation for them. On the other hand, the red holders might see the break-even point as a decent exit point, as they might fear that the cryptocurrency would go back down in the near future, so going out here at least means they can avoid taking any losses. Such buying or selling from just a few investors when the price retests their common cost basis doesn’t produce any effects on the macro scale, but if a large number of investors bought at the same level, the reaction might be more pronounced. Related Reading: Bitcoin Has Just Cleared A Level That Historically Lead To Rallies Of 99%+ Thus, the Chainlink levels ahead until the $27 mark might prove to be a source of some heavy resistance, making the rally hard to sustain through them. The analyst notes, however, “once LINK breaks the $27 mark, the ensuing rally is expected to be substantial. Alongside this, the wallet profitability ratio is projected to surpass 80%.” As mentioned before, Bitcoin’s investor profitability distribution is looking much better so far, as the below chart from IntoTheBlock shows: Looks like the current price levels have a substantial amount of investors | Source: IntoTheBlock on X Bitcoin is currently battling against the resistance offered by the current investor-packed $34,100 to $35,100 range. Once BTC is through these levels, however, the road towards $40,000 might prove to be relatively easy. LINK Price Following its 12% rally in the past week, Chainlink is now sitting just below the $12.9 mark. LINK has exploded more than 67% in the past month | Source: LINKUSD on TradingView Featured image from Shutterstock.com, charts from TradingView.com, IntoTheBlock.com<\/p>\n","protected":false},"author":542,"featured_media":559561,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[83381],"tags":[16295,89663,89842,16097,75940],"class_list":["post-559552","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-chainlink","tag-chainlink","tag-chainlink-rally","tag-chainlink-resistance","tag-link","tag-linkusd"],"acf":[],"yoast_head":"\nChainlink Has Massive Resistance Ahead, Will The Rally End Soon?<\/title>\n<meta name=\"description\" content=\"On-chain data shows there is major resistance ahead for Chainlink, a sign that could be troubling for the rally's sustainability.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ktsl888.com\/news\/chainlink\/chainlink-massive-resistance-ahead-rally-end-soon\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Chainlink Has Massive Resistance Ahead, Will The Rally End Soon?\" \/>\n<meta property=\"og:description\" content=\"On-chain data shows there is major resistance ahead for Chainlink, a sign that could be troubling for the rally's sustainability.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.ktsl888.com\/news\/chainlink\/chainlink-massive-resistance-ahead-rally-end-soon\/\" \/>\n<meta property=\"og:site_name\" content=\"NewsBTC\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/newsbtc\" \/>\n<meta property=\"article:published_time\" content=\"2023-11-07T19:00:13+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-06-11T14:30:51+00:00\" \/>\n<meta name=\"author\" content=\"Keshav Verma\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/www.ktsl888.com\/wp-content\/uploads\/2023\/11\/shutterstock_1378756661-1.jpg?fit=6000%2C4000\" \/>\n<meta name=\"twitter:creator\" content=\"@https:\/\/twitter.com\/keshavvarma29\" \/>\n<meta name=\"twitter:site\" content=\"@newsbtc\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Keshav Verma\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/www.ktsl888.com\/news\/chainlink\/chainlink-massive-resistance-ahead-rally-end-soon\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.ktsl888.com\/news\/chainlink\/chainlink-massive-resistance-ahead-rally-end-soon\/\"},\"author\":{\"name\":\"Keshav Verma\",\"@id\":\"https:\/\/www.ktsl888.com\/#\/schema\/person\/bdb6d57b7ea5cc00981204795656d1a6\"},\"headline\":\"Chainlink Has Massive Resistance Ahead, Will The Rally End Soon?\",\"datePublished\":\"2023-11-07T19:00:13+00:00\",\"dateModified\":\"2024-06-11T14:30:51+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.ktsl888.com\/news\/chainlink\/chainlink-massive-resistance-ahead-rally-end-soon\/\"},\"wordCount\":550,\"publisher\":{\"@id\":\"https:\/\/www.ktsl888.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/www.ktsl888.com\/news\/chainlink\/chainlink-massive-resistance-ahead-rally-end-soon\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.ktsl888.com\/wp-content\/uploads\/2023\/11\/shutterstock_1378756661-1.jpg?fit=6000%2C4000\",\"keywords\":[\"chainlink\",\"Chainlink Rally\",\"Chainlink Resistance\",\"Link\",\"LINKUSD\"],\"articleSection\":[\"Chainlink\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2023\",\"copyrightHolder\":{\"@id\":\"https:\/\/www.ktsl888.com\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.ktsl888.com\/news\/chainlink\/chainlink-massive-resistance-ahead-rally-end-soon\/\",\"url\":\"https:\/\/www.ktsl888.com\/news\/chainlink\/chainlink-massive-resistance-ahead-rally-end-soon\/\",\"name\":\"Chainlink Has Massive Resistance Ahead, Will The Rally End Soon?\",\"isPartOf\":{\"@id\":\"https:\/\/www.ktsl888.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.ktsl888.com\/news\/chainlink\/chainlink-massive-resistance-ahead-rally-end-soon\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.ktsl888.com\/news\/chainlink\/chainlink-massive-resistance-ahead-rally-end-soon\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.ktsl888.com\/wp-content\/uploads\/2023\/11\/shutterstock_1378756661-1.jpg?fit=6000%2C4000\",\"datePublished\":\"2023-11-07T19:00:13+00:00\",\"dateModified\":\"2024-06-11T14:30:51+00:00\",\"description\":\"On-chain data shows there is major resistance ahead for Chainlink, a sign that could be troubling for the rally's sustainability.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.ktsl888.com\/news\/chainlink\/chainlink-massive-resistance-ahead-rally-end-soon\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.ktsl888.com\/news\/chainlink\/chainlink-massive-resistance-ahead-rally-end-soon\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.ktsl888.com\/news\/chainlink\/chainlink-massive-resistance-ahead-rally-end-soon\/#primaryimage\",\"url\":\"https:\/\/www.ktsl888.com\/wp-content\/uploads\/2023\/11\/shutterstock_1378756661-1.jpg?fit=6000%2C4000\",\"contentUrl\":\"https:\/\/www.ktsl888.com\/wp-content\/uploads\/2023\/11\/shutterstock_1378756661-1.jpg?fit=6000%2C4000\",\"width\":6000,\"height\":4000,\"caption\":\"Chainlink Bear\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.ktsl888.com\/news\/chainlink\/chainlink-massive-resistance-ahead-rally-end-soon\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.ktsl888.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Chainlink Has Massive Resistance Ahead, Will The Rally End Soon?\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.ktsl888.com\/#website\",\"url\":\"https:\/\/www.ktsl888.com\/\",\"name\":\"NewsBTC\",\"description\":\"Bitcoin & Cryptocurrency News Today\",\"publisher\":{\"@id\":\"https:\/\/www.ktsl888.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.ktsl888.com\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/www.ktsl888.com\/#organization\",\"name\":\"NewsBTC\",\"url\":\"https:\/\/www.ktsl888.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.ktsl888.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/www.ktsl888.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46\",\"contentUrl\":\"https:\/\/www.ktsl888.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46\",\"width\":157,\"height\":46,\"caption\":\"NewsBTC\"},\"image\":{\"@id\":\"https:\/\/www.ktsl888.com\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/newsbtc\",\"https:\/\/x.com\/newsbtc\",\"https:\/\/www.youtube.com\/channel\/UC9v9erBEru5y4c3FA0wehEw\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.ktsl888.com\/#\/schema\/person\/bdb6d57b7ea5cc00981204795656d1a6\",\"name\":\"Keshav Verma\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.ktsl888.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/3d9c67b0b4a94fb480d44f29de96266e?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/3d9c67b0b4a94fb480d44f29de96266e?s=96&d=mm&r=g\",\"caption\":\"Keshav Verma\"},\"description\":\"Keshav is currently a senior writer at NewsBTC and has been attached to the website since June 14, 2021. Keshav has been writing for many years, first as a hobbyist and later as a freelancer. He has experience working in a variety of niches, even fiction at one point, but the cryptocurrency industry has been the longest he has been attached to. In terms of official educational qualifications, Keshav holds a bachelor\u2019s degree in Physics from one of the premier institutes of India, the University of Delhi (DU). He started the degree with an aim of eventually making a career in Physics, but the onset of COVID led to a shift in plans. The virus meant that the college classes had to be delivered in the online-mode and with it came free time for him to explore other passions. Initially only seeking to make some beer money, Keshav unexpectedly landed clients offering real projects, after which there was no looking back. Writing was something he had always enjoyed and to be able to do it for a living was like a dream come true. Keshav completed his Physics degree in 2022 and has been focusing on his writing career since, but that doesn\u2019t mean his passion for Physics has ended. He eventually plans to re-enter university to obtain a masters degree in the same field, but perhaps only to satiate his own interest rather than for using it as a means to find employment.. Keshav has found blockchain and its concepts fascinating ever since he started going down the rabbit-hole back in 2020. On-chain analysis in particular has been something he likes to research more about, which is why his NewsBTC pieces tend to involve it in some form. Being of the science background, Keshav likes if concepts are clear and consistent, so he generally explains the indicators he talks about in a bit of detail so that the readers can perhaps come out having understood and learnt something new. As for hobbies, Keshav is super into football, anime, and videogames. He enjoys football not only as a watcher, but also as a player. For games, Keshav generally tends towards enjoying singleplayer adventures, with EA FC (formerly FIFA) being the only online game he is active in. Though, perhaps due to being ultra-focused on the game, he is today a semi-pro on the EA FC scene, regularly participating in tournaments and sometimes even taking back prize money. Because of his enthusiasm for anime and games, he also self-learned Japanese along the way to consume some of the untranslated gems out there. The skill didn\u2019t merely remain as just a hobby, either, as he put it to productive use during his exploration for small-time gigs at the start of COVID, fulfilling a couple of Japanese-to-English translation jobs. Keshav is also big into fitness, with agility and acceleration-related workouts making a big part of his program due to the relevance they have in football. On top of that, he also has a more traditional strength based program for the gym, which he does to maintain an overall fitness level of his body.\",\"sameAs\":[\"https:\/\/www.linkedin.com\/in\/keshavverma29\/\",\"https:\/\/x.com\/https:\/\/twitter.com\/keshavvarma29\"],\"url\":\"https:\/\/www.ktsl888.com\/author\/hououinkyouma29\/\"}]}<\/script>\n","yoast_head_json":{"title":"Chainlink Has Massive Resistance Ahead, Will The Rally End Soon?","description":"On-chain data shows there is major resistance ahead for Chainlink, a sign that could be troubling for the rally's sustainability.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.ktsl888.com\/news\/chainlink\/chainlink-massive-resistance-ahead-rally-end-soon\/","og_locale":"en_US","og_type":"article","og_title":"Chainlink Has Massive Resistance Ahead, Will The Rally End Soon?","og_description":"On-chain data shows there is major resistance ahead for Chainlink, a sign that could be troubling for the rally's sustainability.","og_url":"https:\/\/www.ktsl888.com\/news\/chainlink\/chainlink-massive-resistance-ahead-rally-end-soon\/","og_site_name":"NewsBTC","article_publisher":"https:\/\/www.facebook.com\/newsbtc","article_published_time":"2023-11-07T19:00:13+00:00","article_modified_time":"2024-06-11T14:30:51+00:00","author":"Keshav Verma","twitter_card":"summary_large_image","twitter_image":"https:\/\/www.ktsl888.com\/wp-content\/uploads\/2023\/11\/shutterstock_1378756661-1.jpg?fit=6000%2C4000","twitter_creator":"@https:\/\/twitter.com\/keshavvarma29","twitter_site":"@newsbtc","twitter_misc":{"Written by":"Keshav Verma","Est. reading time":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"NewsArticle","@id":"https:\/\/www.ktsl888.com\/news\/chainlink\/chainlink-massive-resistance-ahead-rally-end-soon\/#article","isPartOf":{"@id":"https:\/\/www.ktsl888.com\/news\/chainlink\/chainlink-massive-resistance-ahead-rally-end-soon\/"},"author":{"name":"Keshav Verma","@id":"https:\/\/www.ktsl888.com\/#\/schema\/person\/bdb6d57b7ea5cc00981204795656d1a6"},"headline":"Chainlink Has Massive Resistance Ahead, Will The Rally End Soon?","datePublished":"2023-11-07T19:00:13+00:00","dateModified":"2024-06-11T14:30:51+00:00","mainEntityOfPage":{"@id":"https:\/\/www.ktsl888.com\/news\/chainlink\/chainlink-massive-resistance-ahead-rally-end-soon\/"},"wordCount":550,"publisher":{"@id":"https:\/\/www.ktsl888.com\/#organization"},"image":{"@id":"https:\/\/www.ktsl888.com\/news\/chainlink\/chainlink-massive-resistance-ahead-rally-end-soon\/#primaryimage"},"thumbnailUrl":"https:\/\/www.ktsl888.com\/wp-content\/uploads\/2023\/11\/shutterstock_1378756661-1.jpg?fit=6000%2C4000","keywords":["chainlink","Chainlink Rally","Chainlink Resistance","Link","LINKUSD"],"articleSection":["Chainlink"],"inLanguage":"en-US","copyrightYear":"2023","copyrightHolder":{"@id":"https:\/\/www.ktsl888.com\/#organization"}},{"@type":"WebPage","@id":"https:\/\/www.ktsl888.com\/news\/chainlink\/chainlink-massive-resistance-ahead-rally-end-soon\/","url":"https:\/\/www.ktsl888.com\/news\/chainlink\/chainlink-massive-resistance-ahead-rally-end-soon\/","name":"Chainlink Has Massive Resistance Ahead, Will The Rally End Soon?","isPartOf":{"@id":"https:\/\/www.ktsl888.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.ktsl888.com\/news\/chainlink\/chainlink-massive-resistance-ahead-rally-end-soon\/#primaryimage"},"image":{"@id":"https:\/\/www.ktsl888.com\/news\/chainlink\/chainlink-massive-resistance-ahead-rally-end-soon\/#primaryimage"},"thumbnailUrl":"https:\/\/www.ktsl888.com\/wp-content\/uploads\/2023\/11\/shutterstock_1378756661-1.jpg?fit=6000%2C4000","datePublished":"2023-11-07T19:00:13+00:00","dateModified":"2024-06-11T14:30:51+00:00","description":"On-chain data shows there is major resistance ahead for Chainlink, a sign that could be troubling for the rally's sustainability.","breadcrumb":{"@id":"https:\/\/www.ktsl888.com\/news\/chainlink\/chainlink-massive-resistance-ahead-rally-end-soon\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.ktsl888.com\/news\/chainlink\/chainlink-massive-resistance-ahead-rally-end-soon\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.ktsl888.com\/news\/chainlink\/chainlink-massive-resistance-ahead-rally-end-soon\/#primaryimage","url":"https:\/\/www.ktsl888.com\/wp-content\/uploads\/2023\/11\/shutterstock_1378756661-1.jpg?fit=6000%2C4000","contentUrl":"https:\/\/www.ktsl888.com\/wp-content\/uploads\/2023\/11\/shutterstock_1378756661-1.jpg?fit=6000%2C4000","width":6000,"height":4000,"caption":"Chainlink Bear"},{"@type":"BreadcrumbList","@id":"https:\/\/www.ktsl888.com\/news\/chainlink\/chainlink-massive-resistance-ahead-rally-end-soon\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.ktsl888.com\/"},{"@type":"ListItem","position":2,"name":"Chainlink Has Massive Resistance Ahead, Will The Rally End Soon?"}]},{"@type":"WebSite","@id":"https:\/\/www.ktsl888.com\/#website","url":"https:\/\/www.ktsl888.com\/","name":"NewsBTC","description":"Bitcoin & Cryptocurrency News Today","publisher":{"@id":"https:\/\/www.ktsl888.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.ktsl888.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/www.ktsl888.com\/#organization","name":"NewsBTC","url":"https:\/\/www.ktsl888.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.ktsl888.com\/#\/schema\/logo\/image\/","url":"https:\/\/www.ktsl888.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46","contentUrl":"https:\/\/www.ktsl888.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46","width":157,"height":46,"caption":"NewsBTC"},"image":{"@id":"https:\/\/www.ktsl888.com\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/newsbtc","https:\/\/x.com\/newsbtc","https:\/\/www.youtube.com\/channel\/UC9v9erBEru5y4c3FA0wehEw"]},{"@type":"Person","@id":"https:\/\/www.ktsl888.com\/#\/schema\/person\/bdb6d57b7ea5cc00981204795656d1a6","name":"Keshav Verma","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.ktsl888.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/3d9c67b0b4a94fb480d44f29de96266e?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/3d9c67b0b4a94fb480d44f29de96266e?s=96&d=mm&r=g","caption":"Keshav Verma"},"description":"Keshav is currently a senior writer at NewsBTC and has been attached to the website since June 14, 2021. Keshav has been writing for many years, first as a hobbyist and later as a freelancer. He has experience working in a variety of niches, even fiction at one point, but the cryptocurrency industry has been the longest he has been attached to. In terms of official educational qualifications, Keshav holds a bachelor\u2019s degree in Physics from one of the premier institutes of India, the University of Delhi (DU). He started the degree with an aim of eventually making a career in Physics, but the onset of COVID led to a shift in plans. The virus meant that the college classes had to be delivered in the online-mode and with it came free time for him to explore other passions. Initially only seeking to make some beer money, Keshav unexpectedly landed clients offering real projects, after which there was no looking back. Writing was something he had always enjoyed and to be able to do it for a living was like a dream come true. Keshav completed his Physics degree in 2022 and has been focusing on his writing career since, but that doesn\u2019t mean his passion for Physics has ended. He eventually plans to re-enter university to obtain a masters degree in the same field, but perhaps only to satiate his own interest rather than for using it as a means to find employment.. Keshav has found blockchain and its concepts fascinating ever since he started going down the rabbit-hole back in 2020. On-chain analysis in particular has been something he likes to research more about, which is why his NewsBTC pieces tend to involve it in some form. Being of the science background, Keshav likes if concepts are clear and consistent, so he generally explains the indicators he talks about in a bit of detail so that the readers can perhaps come out having understood and learnt something new. As for hobbies, Keshav is super into football, anime, and videogames. He enjoys football not only as a watcher, but also as a player. For games, Keshav generally tends towards enjoying singleplayer adventures, with EA FC (formerly FIFA) being the only online game he is active in. Though, perhaps due to being ultra-focused on the game, he is today a semi-pro on the EA FC scene, regularly participating in tournaments and sometimes even taking back prize money. Because of his enthusiasm for anime and games, he also self-learned Japanese along the way to consume some of the untranslated gems out there. The skill didn\u2019t merely remain as just a hobby, either, as he put it to productive use during his exploration for small-time gigs at the start of COVID, fulfilling a couple of Japanese-to-English translation jobs. Keshav is also big into fitness, with agility and acceleration-related workouts making a big part of his program due to the relevance they have in football. On top of that, he also has a more traditional strength based program for the gym, which he does to maintain an overall fitness level of his body.","sameAs":["https:\/\/www.linkedin.com\/in\/keshavverma29\/","https:\/\/x.com\/https:\/\/twitter.com\/keshavvarma29"],"url":"https:\/\/www.ktsl888.com\/author\/hououinkyouma29\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Chainlink Has Massive Resistance Ahead, Will The Rally End Soon?","url":"http:\/\/www.ktsl888.com\/news\/chainlink\/chainlink-massive-resistance-ahead-rally-end-soon\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/www.ktsl888.com\/news\/chainlink\/chainlink-massive-resistance-ahead-rally-end-soon\/"},"thumbnailUrl":"https:\/\/www.ktsl888.com\/wp-content\/uploads\/2023\/11\/shutterstock_1378756661-1.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/www.ktsl888.com\/wp-content\/uploads\/2023\/11\/shutterstock_1378756661-1.jpg?fit=6000%2C4000"},"articleSection":"Chainlink","author":[{"@type":"Person","name":"Keshav Verma"}],"creator":["Keshav Verma"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/www.ktsl888.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["chainlink","chainlink rally","chainlink resistance","link","linkusd"],"dateCreated":"2023-11-07T19:00:13Z","datePublished":"2023-11-07T19:00:13Z","dateModified":"2024-06-11T14:30:51Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Chainlink Has Massive Resistance Ahead, Will The Rally End Soon?\",\"url\":\"http:\\\/\\\/www.ktsl888.com\\\/news\\\/chainlink\\\/chainlink-massive-resistance-ahead-rally-end-soon\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/www.ktsl888.com\\\/news\\\/chainlink\\\/chainlink-massive-resistance-ahead-rally-end-soon\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/www.ktsl888.com\\\/wp-content\\\/uploads\\\/2023\\\/11\\\/shutterstock_1378756661-1.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/www.ktsl888.com\\\/wp-content\\\/uploads\\\/2023\\\/11\\\/shutterstock_1378756661-1.jpg?fit=6000%2C4000\"},\"articleSection\":\"Chainlink\",\"author\":[{\"@type\":\"Person\",\"name\":\"Keshav Verma\"}],\"creator\":[\"Keshav Verma\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/www.ktsl888.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"chainlink\",\"chainlink rally\",\"chainlink resistance\",\"link\",\"linkusd\"],\"dateCreated\":\"2023-11-07T19:00:13Z\",\"datePublished\":\"2023-11-07T19:00:13Z\",\"dateModified\":\"2024-06-11T14:30:51Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/ktsl888.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/www.ktsl888.com\/wp-content\/uploads\/2023\/11\/shutterstock_1378756661-1.jpg?fit=6000%2C4000","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/www.ktsl888.com\/wp-json\/wp\/v2\/posts\/559552"}],"collection":[{"href":"https:\/\/www.ktsl888.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.ktsl888.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.ktsl888.com\/wp-json\/wp\/v2\/users\/542"}],"replies":[{"embeddable":true,"href":"https:\/\/www.ktsl888.com\/wp-json\/wp\/v2\/comments?post=559552"}],"version-history":[{"count":0,"href":"https:\/\/www.ktsl888.com\/wp-json\/wp\/v2\/posts\/559552\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.ktsl888.com\/wp-json\/wp\/v2\/media\/559561"}],"wp:attachment":[{"href":"https:\/\/www.ktsl888.com\/wp-json\/wp\/v2\/media?parent=559552"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.ktsl888.com\/wp-json\/wp\/v2\/categories?post=559552"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ktsl888.com\/wp-json\/wp\/v2\/tags?post=559552"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}