ChainLink [link]在过去一个月中领导了Defi行业的发展活动

ChainLink [Link]在过去一个月中领导了Defi行业的发展活动。实际上，Santiment分析师Brian指出了啄食顺序

Chainlink [LINK] led the DeFi sector in terms of development activity over the past month. In fact, Santiment analyst Brian noted that the pecking order in terms of volume of dev activity has not changed among the DeFi projects.

ChainLink [Link]在过去一个月中领导了Defi行业的发展活动。实际上，Santiment分析师Brian指出，在Devi项目之间，Dev活动数量的啄食顺序没有改变。

Chainlink: Is on-chain data bullish?

链链接：链链数据是看好的吗？

The price action chart revealed that the bulls were able to defend the $14.4-support, but unable to surpass the $17.45-resistance level.

价格行动图显示，公牛队能够捍卫14.4美元的支持，但无法超过17.45美元的抗拒水平。

This seemed to be a sign that sentiment did not favor the buyers much. Hence, the question – Do the on-chain metrics hint at a bullish reversal?

这似乎是一个迹象表明，情绪并不偏爱买家。因此，问题 - 链量指标是否暗示了看涨的逆转？

Chainlink holders over the past three months at a sizeable lossSource: Santiment

在过去的三个月中，连锁链接持有人在巨大的损失中：santiment

The 90-day mean coin age saw a strong uptrend in January, but it has slowed down over the past month. It still maintained its upward trajectory. Here, the MCA metric measures the average number of days that LINK tokens stayed within their current wallets.

90天的平均硬币时代在一月份看到了强劲的上升趋势，但在过去一个月中却有所放缓。它仍然保持向上的轨迹。在这里，MCA指标衡量了链接令牌留在其当前钱包内的平均天数。

A rising trope indicated accumulation across the network. This can also be seen as a bullish signal for Chainlink.

上升的望远镜表明整个网络积累。这也可以看作是链链接的看涨信号。

Meanwhile, its MVRV ratio was at -26.29%, showing that holders within the past three months were down 27% on average.

同时，其MVRV比率为-26.29％，表明过去三个月内的持有人平均下降了27％。

Combined with the rising MCA, it gave a buy signal for the token. The dormant circulation has been quiet in recent weeks, showing no spikes in token transfers which could point to selling pressure.

结合上升的MCA，它给了令牌的买入信号。最近几周，休眠的循环一直很安静，显示出代币转移的峰值可能表明销售压力。

Source: Santiment

资料来源：santiment

The supply distribution chart revealed that the number of addresses with over a million LINK in their stash has been dwindling. The other holders, from retail to whale, were rising in number. The exceptions were the 10k-100k LINK holders. They have been trending south over the past two weeks, with this demographic lacking a clear trend since December.

供应分配图显示，他们的藏匿处的地址数量已在逐渐减少。从零售到鲸鱼的其他持有人的数量正在上升。例外是10K-100K链接持有人。在过去的两个星期中，他们一直在南部趋势，自12月以来，这个人群缺乏明显的趋势。

This seemed to back the accumulation idea that the mean coin age presented. Together, this can help Chainlink climb past the $17.45 resistance on the charts.

这似乎支持了平均硬币时代提出的积累思想。共同有助于连锁链接攀登图表上$ 17.45的电阻。

Source: LINK/USDT on TradingView

资料来源：link/usdt on TradingView

The resistance zone around $18 had served as support last month, but is now acting as resistance. The MACD showed that momentum was predominantly bearish, though it saw some green bars on the histogram due to the recent price hike.

上个月，抵抗区约18美元作为支持，但现在充当阻力。 MACD表明势头主要是看跌，尽管由于最近的价格上涨，直方图上看到了一些绿色条。

Finally, the A/D indicator has trended higher – Another piece of reinforcement for the idea of Chainlink accumulation during this consolidatory price action. Based on the November-December 2024 rally to $30.94, Fibonacci retracement levels were plotted. Here, the $14.54-level was the 78.6% retracement level, marking it as a significant demand zone.

最后，A/D指标趋势更高 - 在这种综合价格行动中，链链接积累的想法的另一个加强。根据2024年11月至12月的拉力赛，绘制了斐波那契回撤水平。在这里，$ 14.54级的是78.6％的回收水平，将其标记为重要的需求区。