Chainlink May Rally Toward $29 as New Addresses and NVTS Return to November 2024 Levels
The post Chainlink May Rally Toward $29 as New Addresses and NVTS Return to November 2024 Levels appeared on BitcoinEthereumNews.com.
Chainlink price is displaying renewed bullish momentum as on-chain metrics — New and Active Addresses and NVTS — have climbed back to November 2024 levels. LINK looks bullish above the $24.3–$25 demand zone, with a clear upside target near $29.26 if support holds. Chainlink price bullish above $24.3–$25, targeting $29.26 New and Active Addresses rose to ~2,163, matching November 2024 on-chain heat. LINK recorded ~38.6% gains over the past 30 days while NVTS retested early-November 2024 levels. Chainlink price shows bullish momentum as on-chain metrics rebound; read the on-chain signals and levels to watch — track support at $24.3–$25 and target $29.26. What is driving the Chainlink price rally? Chainlink price momentum is driven by rising on-chain activity and an improving NVTS (NVT Signal). New and Active Addresses have climbed since June and returned to November 2024 levels, supporting bullish technical structure on the 4-hour chart above $24.3–$25. How are on-chain metrics signaling strength for Chainlink? New Addresses reached approximately 2,163, aligning with November 2024 readings. Active Addresses also trended higher and were nearing similar historical highs. These metrics suggest renewed network usage and increased demand, which historically preceded strong LINK rallies. Key Takeaways Chainlink saw rising New and Active Addresses as NVTS returned to November 2024 levels; the 4-hour chart favored bulls above $24.3 to $25, with $29.26 next. ‘, ‘ 🚀 Advanced Trading Tools Await You!Maximize your potential. Join now and start trading! ‘, ‘ 📈 Professional Trading PlatformLeverage advanced tools and a wide range of coins to boost your investments. Sign up now! ‘ ]; var adplace = document.getElementById(“ads-bitget”); if (adplace) { var sessperindex = parseInt(sessionStorage.getItem(“adsindexBitget”)); var adsindex = isNaN(sessperindex) ? Math.floor(Math.random() * adscodesBitget.length) : sessperindex; adplace.innerHTML = adscodesBitget[adsindex]; sessperindex = adsindex === adscodesBitget.length – 1 ? 0 : adsindex + 1; sessionStorage.setItem(“adsindexBitget”, sessperindex); } })(); Chainlink…
Filed under: News - @ August 25, 2025 3:25 am