The content discusses the recent performance of Chainlink (LINK) in the cryptocurrency market. In September, LINK experienced a 35% rally to $8.2 but faced a significant correction in October. The article mentions that some analysts question if the rally was based on a buy the rumor sell the news narrative. The support area for LINK is identified at $7, but the Moving Average Convergence Divergence (MACD) indicator suggests a sell signal. The article also mentions the resistance level at $7.33 that must be surpassed for bulls to have control. Santiment, a blockchain analytics platform, reported an increase in whale activity, which could impact the market. The possibility of large volume holders buying the dip and pushing the price above $10 is mentioned. Finally, an analyst suggests that LINK is a safe bet for exposure to the RWA (Real World Assets) narrative.
AI Sentiment: Positive