Tag Archives: stabilization

Chainlink hits a critical floor — Is smart money set for a breakout?

Posted on by
Reply

**Key Takeaways**

Chainlink’s (LINK) sharp decline below the key $16 support zone reveals stress on a major supply area, placing approximately 53.87 million accumulated tokens under pressure. This breakdown shifted market psychology as buyers, who previously expected a continuation, now face a rejection at this critical level. Despite the bearish sentiment and expanding downside momentum, shrinking exchange reserves combined with an Elliott A-B-C rebound suggest that recovery potential remains alive.

—

### Market Structure Insight: What Does LINK’s Breakdown Below $16 Reveal?

The loss of the $16 support zone is significant because it marks a strong earlier buying area that now acts as resistance. Although this breakdown weighs on sentiment, LINK continues to trade near a dense cluster of activity, which has become a crucial rebound zone for short-term holders patiently awaiting recovery signals.

—

### Shrinking Exchange Reserves Hint at Bullish Pressure

Exchange reserves for Chainlink have continued their downward trend, with a recent 2.26% decline pushing the reserves toward 1.8 billion LINK tokens. This persistent reduction supports the narrative of ongoing accumulation rather than distribution. Holders withdrawing LINK from exchanges signals confidence despite the correction and reduces sell-side liquidity. Consequently, when buyers return, the price could experience sharper upside moves.

Though the $16 breakdown presents short-term psychological challenges, the consistent decline in exchange reserves builds a constructive backdrop for a potential recovery by limiting supply pressure and often preceding price stabilization.

—

### Rebound Forms Within Chainlink’s Descending Channel

Since early September, Chainlink has been trading inside a well-defined descending channel that outlines its corrective price structure. Currently, LINK hovers near the channel’s lower boundary, where buyers triggered a rebound following the completion of an Elliott A-B-C correction.

The reaction at the “C” leg suggests the market still respects this lower channel support. However, for a meaningful sentiment shift, LINK must break above the channel’s midpoint, targeting $16.64—a past supply zone. Clearing this hurdle opens the door toward $19.13 as the next resistance level, with a broader projection toward $23.64 if momentum strengthens further.

Conversely, rejection at the mid-channel region would weaken the bullish setup and increase the risk of deeper declines.

—

### Chainlink Taker Buy Dominance Accelerates

The Futures Taker Buy Cumulative Volume Delta (CVD) remains firmly controlled by buyers, indicating strong participation from aggressive market players during the correction phase. This steady inflow of taker buys reflects genuine conviction rather than passive positioning.

Notably, the rising CVD aligns with the rebound from the “C” wave on the chart, adding credibility to the early reversal attempt. This positive momentum also coincides with the decline in exchange reserves, which commonly signals accumulation phases.

However, the futures market’s strength still requires spot market confirmation for LINK to sustain upward momentum. Nonetheless, the current CVD pattern supports the developing bullish narrative.

—

### Top Traders on Binance Show Strong Long Bias

Binance’s top-trader positioning data reveals that 74.32% of accounts hold long positions compared to 25.68% short, resulting in a ratio of 2.89—a clear indicator of strong conviction among experienced traders.

This long bias reinforces the broader accumulation thesis and aligns with the Taker Buy CVD trend. Historically, top traders tend to increase long exposure during late-stage corrections, further supporting the rebound from channel support.

While LINK still needs to break above $16.64 to confirm a clear trend shift, this positioning suggests that strategic traders are leaning toward recovery rather than continued decline.

—

### Conclusion

Chainlink is showing early signs of stabilization as exchange outflows rise, Taker Buy CVD strengthens, and top traders increase their long exposure. Combined with the Elliott rebound and descending channel support, the technical backdrop looks constructive.

However, for momentum to be confirmed, LINK must reclaim the $16.64 level. If buyers maintain buying pressure beyond this point, the path toward the $19.13 target remains realistic.

The next few trading sessions will be critical in determining whether accumulation outweighs lingering bearish sentiment and ushers in a sustained recovery.
https://bitcoinethereumnews.com/tech/chainlink-hits-a-critical-floor-is-smart-money-set-for-a-breakout/

Chainlink Whales Accumulate 4M LINK: Bullish Signal?

Posted on by
Reply

**Whales Accumulate Over 4 Million LINK as Price Drops from $17.50 to Near $14**

Chainlink (LINK) holders, particularly large wallets, have added more than 4 million LINK tokens over the past two weeks, according to recent on-chain data. This accumulation occurred while the market price declined from above $17.50 to around $14.40, signaling potential positioning by bigger players during a broader market pullback.

### Significant Whale Activity Amid Price Decline

Wallets holding between 100,000 and 1,000,000 LINK increased their balances despite the weakening price trend. Ali, a market analyst, reported, “Whales have accumulated more than 4 million Chainlink LINK over the past two weeks!” This suggests that some large investors are taking advantage of the recent correction to strengthen their positions.

### Exchange Reserves Drop, Hinting at Off-Exchange Accumulation

At the same time, LINK reserves on centralized exchanges have decreased significantly. Data from CryptoQuant reveals that exchange-held LINK dropped from roughly 146.5 million tokens on October 31 to about 140.3 million by November 7—a decline of over 6 million tokens.

The withdrawal of tokens from exchanges often indicates longer-term holding intentions, reducing the immediate selling pressure in the market. When combined with whale accumulation, this trend can alter short-term supply dynamics. However, it’s important to note that this alone does not guarantee a price reversal.

### Momentum Indicators Remain Weak

Despite the whale activity, technical indicators continue to show bearish momentum for LINK. The token has lost 16.6% over the last seven days and declined 2.68% in the past 24 hours. Daily price charts reveal a clear pattern of lower highs and lower lows, reinforcing the current downtrend.

The Relative Strength Index (RSI) is hovering near 32.90, close to the oversold threshold of 30. This suggests that the market may be approaching a point where buyers could start stepping in. Meanwhile, the Moving Average Convergence Divergence (MACD) remains in negative territory with no bullish crossover signals, indicating that downside momentum persists.

### Market Outlook: Cautious Optimism Amid Uncertainty

The combination of whale accumulation and falling exchange reserves has sparked interest among traders and investors. While some view these signs as groundwork for a potential recovery, others remain cautious because the technical indicators have yet to confirm a trend reversal.

Ali emphasized, “Whales have accumulated more than 4 million Chainlink LINK,” but noted that short-term price movements will depend heavily on how LINK performs around current levels.

The market is closely watching for clear signs of stabilization or further declines. For now, traders should remain vigilant and consider both the on-chain activity and technical signals when assessing LINK’s next moves.
https://bitcoinethereumnews.com/tech/chainlink-whales-accumulate-4m-link-bullish-signal/

Minneapolis Mayor Jacob Frey seeks to fend off democratic socialist’s challenge in a crowded race

Posted on by
Reply

MINNEAPOLIS (AP) — Minneapolis Democratic Mayor Jacob Frey faces a steep challenge in Tuesday’s election from a democratic socialist, a race that highlights different visions of how to govern a liberal city grappling with persistent issues related to policing, crime, and homelessness.

Frey, who is seeking a third term, is under fire from the left by state Sen. Omar Fateh, who hopes to become Minneapolis’ first Muslim and Somali American mayor. Fateh has drawn comparisons to Zohran Mamdani, the socialist winner of New York City’s Democratic mayoral primary, due to their shared immigrant backgrounds and ideological similarities. Both come from immigrant families, although Fateh, a member of Minneapolis’ large Somali American community, was born in the U.S.

While there are 15 candidates on the ballot, the only others who have raised significant funds are the Rev. DeWayne Davis and businessman Jazz Hampton. Both are seen as positioned left of Frey but to the right of Fateh. No candidates list themselves as Republicans in this heavily Democratic city, although Laverne Turner, a candidate with a GOP background, is running a low-key campaign as an independent.

Minneapolis uses ranked-choice voting instead of traditional party primaries. If no candidate wins an outright majority in the first round on Tuesday night, election officials will begin eliminating lower-finishing candidates and reallocating second- and third-choice votes through successive rounds on Wednesday until a winner emerges.

Fateh, Davis, and Hampton have formed an alliance, urging their supporters to rank each other highly—while excluding Frey—to make it more difficult for the incumbent to reach the 50% vote threshold.

Frey led Minneapolis through the turmoil following the 2020 murder of George Floyd, a Black man who died after a white officer pinned his neck to the pavement with a knee for nine and a half minutes. Though Frey faced heavy criticism during that period, his administration later negotiated agreements with state and federal governments to reform a police department that lost hundreds of officers in the aftermath of Floyd’s death.

Fateh has distanced himself from his early support of the “defund the police” movement but backed a 2021 ballot measure aimed at reimagining public safety—a measure opposed by Frey and ultimately rejected by voters. Fateh continues to stress the need for alternatives to conventional policing, while Frey maintains the city is already implementing such alternatives.

The ideological divisions between the two candidates extend to housing and other key issues. Frey opposes rent control, whereas Fateh advocates some form of rent stabilization, though he remains non-specific on the details. Fateh is also critical of how Frey’s administration has approached the shutdown of homeless camps.

Fateh has championed the rights of Uber and Lyft drivers at the state legislature. Frey vetoed a City Council attempt to raise their wages after the ride-share companies threatened to exit the city. Fateh later used his influence to negotiate a compromise at the state level.

On foreign policy, Fateh, like Mamdani in New York, is a vocal critic of how Israel conducted the war in Gaza. Frey, who is Jewish, vetoed a City Council ceasefire resolution he considered one-sided.

All leading candidates have pledged to stand firm against former President Donald Trump and to resist attempts to undermine Minneapolis’ status as a sanctuary city. They also oppose any efforts to send federal troops into the city.

The election marks a critical moment for Minneapolis as it wrestles with its future direction on policing, housing, and community relations in a deeply divided political landscape.
https://ktar.com/national-news/minneapolis-mayor-jacob-frey-seeks-to-fend-off-democratic-socialists-challenge-in-a-crowded-race/5770096/

Argentina wards off ratings downgrade after U.S. bailout deal, Fitch says

Posted on by
Reply

**Argentina Wards Off Ratings Downgrade Following U.S. Bailout Deal, Fitch Says**

Argentina has successfully averted a ratings downgrade after the United States signed a $20 billion currency stabilization agreement with the South American nation, Fitch Ratings reported.

According to Fitch, the U.S. backstop has played a crucial role in helping Argentina maintain its current credit rating by stabilizing its international reserves. However, Fitch noted that while this aid has been beneficial, it alone is not sufficient to warrant a ratings upgrade. For a potential upgrade, the agreement would need to be part of broader reforms aimed at strengthening Argentina’s own foreign exchange buffers.

Following the announcement of the agreement, Argentina’s Merval Index, as well as U.S.-traded Argentine stocks, have experienced positive momentum, reflecting investor confidence in the country’s short-term economic outlook.

**Quick Insights:**
– The $20 billion U.S. currency stabilization deal has helped Argentina avoid a ratings downgrade.
– Aid alone is unlikely to trigger a ratings upgrade without comprehensive reforms to bolster Argentina’s foreign exchange reserves.
– Market response has been positive, with notable gains in Argentine equities both domestically and abroad.

—

**Recommended For You:**
[More Trending News and Analysis]

—

**Related Stocks:**
– ARGT
– MERVAL
– ARS: USD

*Stay tuned for further updates on Argentina’s economic developments and market performance.*
https://seekingalpha.com/news/4507539-argentina-wards-off-ratings-downgrade-after-us-bailout-deal-fitch-says?utm_source=feed_news_all&utm_medium=referral&feed_item_type=news

Cycling or tai chi: Which is better for your balance?

Posted on by
Reply

**Cycling or Tai Chi: Which Is Better for Your Balance?**
*By Anujj Trehaan | Oct 13, 2025 | 01:00 pm*

Cycling and tai chi are two popular activities that offer unique benefits for improving balance. While cycling is often associated with cardiovascular fitness and leg strength, tai chi is known for its slow, deliberate movements and focus on mindfulness. Both activities can enhance balance in different ways, making them appealing options for individuals looking to improve their stability and coordination. Here’s how each activity contributes to better balance.

### Cycling’s Dynamic Impact on Balance

Cycling requires constant adjustments in body position and weight distribution, which helps improve balance. As cyclists navigate turns or uneven surfaces, they engage core muscles that stabilize the body. The rhythmic pedaling motion also enhances coordination between upper and lower body parts.

Regular cycling can lead to improved proprioception—the body’s ability to sense its position in space—resulting in better overall balance.

### Tai Chi’s Mindful Movements

Tai chi involves a series of slow, controlled movements that emphasize posture and breathing. These exercises promote awareness of body alignment and weight shifting, both crucial for maintaining balance.

Practicing tai chi regularly can increase joint flexibility and strengthen muscles used for stabilization. The meditative nature of tai chi also reduces stress levels, which contributes positively to mental focus during activities requiring balance.

### Comparing Cardiovascular Benefits

Both cycling and tai chi offer cardiovascular benefits, but in different ways. Cycling provides an intense aerobic workout that boosts heart health by significantly increasing heart rate during rides.

Tai chi, on the other hand, offers moderate aerobic activity that improves circulation without overexerting the cardiovascular system. Both forms of exercise support heart health but cater to different fitness levels and preferences.

### Tip 1: Accessibility Considerations

Cycling requires access to a bike and safe routes or trails, which may not be available to everyone. It also demands a certain level of physical fitness to handle longer rides or challenging terrains.

Tai chi is more accessible since it can be practiced indoors or outdoors without special equipment. It is adaptable for people of all ages and fitness levels, making it a great option for improving balance.

—

Whether you choose cycling or tai chi, both can effectively enhance your balance and overall well-being. Consider your personal preferences, fitness level, and accessibility when deciding which activity suits you best.
https://www.newsbytesapp.com/news/lifestyle/cycling-or-tai-chi-which-is-better-for-your-balance/story