3 hours ago
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Key Takeaways:
- LINK hit $10.51, highest since January.
- Exchange supply dropped 13.5M in five weeks.
- Outflows represent 10.5% of April exchange supply.
- Social volume reached 3-month high this week.
- 4H MAs clustered between $9.30 and $9.63.
- RSI at 68, approaching but not yet overbought.
Supply Left the Market Before Price Moved
The exchange supply data from Santiment establishes the sequence. Over five weeks, 13.5M LINK tokens were removed from exchanges, reducing available sell-side supply by more than 10.5% relative to what existed in early April.
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