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Chainlink (LINK) price up 24% in a week

Varinder Singh-CoinGape
2022-03-22 07:56
Chainlink (LINK) is up nearly 24% in a week, with the current price trading at $15.65. According to data from on-chain analytics firm Santiment, the increase in active addresses activity is the reason behind this rally in the LINK price. Since February 24, the start of the Russia-Ukraine war, every rise in the active addresses had pushed the price to shoot higher.
Santiment reports in a tweet on Monday that the active address to price divergence chart shows points of bullish price movements. Typically, the LINK price has rallied after the active address to price divergence moves in the green zone, as depicted in the chart. The Santiment data also reveals the retracement levels where the price movements have generally reversed.
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