Bullish
Chainlink's Whale Accumulation Sparks Speculation of $15 Price Target
Over the past 30 days, Chainlink (LINK) whales have added 32.93 million tokens to their holdings, increasing their balances by 7.7%. This accumulation has led to speculation that LINK could reach a price target of $15. However, the token faces resistance near $10.40, with bearish MACD signals indicating potential short-term challenges.
Key points
- Whale wallets holding between 100,000 and 10 million LINK tokens have collectively added 32.93 million LINK over the past 30 days, boosting their holdings by 7.7%.
- On-chain analysis suggests bullish momentum, though LINK faces resistance near $10.40 with bearish MACD signals.
- The daily setup points toward $15 and $17.52 if LINK maintains support around $9.40 and Bitcoin continues its broader upward trend.
- Short-term structure remains cautious, with rejection near $10.40 and downside pressure on MACD, suggesting $9.30 as a potential lower channel test for traders to monitor this week.
Sources
AI-generated from public news sources. Not financial advice.
