Bitcoin (BTC) And in altcoins While there have been significant declines since the weekend, these declines present a buying opportunity for some altcoins.
One of the buying opportunities is Chainlink (LINK) He might have come for it. At this point, experienced analyst Ali Martinez said that the MVRV rate for LINK may be signaling a buying opportunity.
Pointing out that according to historical data, there was an average 50% increase in LINK after the 30-day MVRV rate fell below -12.24%, the analyst pointed out that the MVRV rate is currently -17.54%.
According to the analyst, this MVRV ratio may present an opportunity to buy the dip in LINK.
“When the Chainlink MVRV 30-Day Rate drops below -12.24% since August 2022, it signals a significant buying opportunity with an average return of 50%!
Currently LINK 30-Day MVRV Ratio stands at -17.54%. This could be another chance to buy the dip on LINK!”
LINK continues to trade at $13 at the time of writing.
each time #Chainlink MVRV 30-Day Ratio has dropped below -12.24% since August 2022, it’s signaled a prime buying opportunity, averaging 50% returns!
Currently, $LINK MVRV 30-Day Ratio stands at -17.54%. This could be another chance to buy the #LINK bottom! pic.twitter.com/3iFJqDvP8C
— Ali (@ali_charts) April 17, 2024
*This is not investment advice.
For exclusive news, analysis and on-chain data Telegram our group, twitter our account and YouTube Follow our channel now! Moreover Android And iOS Start live price monitoring now by downloading our applications!