Chainlink (LINK) Shows Signs of Bullish Retest Amid Whale Accumulation and Potential Price Targets
Main Idea
Chainlink (LINK) is undergoing a bullish retest at the $20 support level, with whale accumulation signaling potential price gains towards $22 and $28.
Key Points
1. LINK is retesting the $20 support level after breaking resistance, a key bullish indicator.
2. Whales have accumulated over 1.6 million LINK tokens, reinforcing the likelihood of a sustained upward trend.
3. LINK's price recovered from $17.17 to $19.53, showing resilience amid broader market volatility.
4. Traders should watch for confirmation of the $20 support level and sustained volume for potential gains.
5. If LINK maintains momentum above $20, the immediate target is $22, with further potential to reach $28.
Description
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