Chainlink Rally Carry CoinDesk 20 Index Pass 4,100
Chainlink price rally extend reach two sessions, carry d CoinDesk 20 Index pass key levels. On August 11, LINK jump 8.9%, lift d index 1% go 4,119.66. For d next session, Chainlink add extra 3.3%, push d index up 0.6% go 4,138.64. D strength dey show strong demand for blockchain oracle solutions for mixed market conditions.
Ethereum also climb, gain 3.3% first and another 2.1%, show say smart contract platforms dey get fresh buying interest. Overall, 16 out of 20 index parts trade higher, make market confidence better. But small cap tokens like Hedera (HBAR) fall 3.4%, Uniswap (UNI) drop 3.3%, Litecoin (LTC) slide 1.2% as some people dey take profit.
Traders dey watch Chainlink momentum for possible breakout trades and dey look altcoin wahala for short-term chances.
Bullish
Chainlink get strong winning streak plus e dey lead to carry up the CoinDesk 20 Index show say people dey buy wella and demand for oracle solution dey increase. For short term, this rally fit attract momentum traders plus breakout strategies, e go make price continue dey go up. For long term, Chainlink important work for decentralized data feeds fit support steady growth, meanwhile people dey take small profits from smaller altcoins show say market dey rotate no be say everytin dey weak. Overall, di main feeling na say LINK go continue to increase.