Chainlink Retests $20 Support Amid Whale Accumulation, Suggesting Possible Move Toward $22 and $28

Key Points

1. Chainlink has rebounded to $20, a critical support level, with a 3.53% gain in the last 24 hours, indicating renewed buying interest.

2. Whales have accumulated over 1.6 million LINK tokens in two weeks, reflecting strong confidence among large holders.

3. The top 10 Chainlink wallets control approximately 32% of the circulating supply, indicating long-term holding sentiment.

4. LINK futures trading volume surged to over 53 million tokens in 24 hours, signaling increased market speculation around the $20 level.

5. Analysts anticipate a move toward $22 if LINK maintains support above $20, with potential to reach $28 under sustained buying pressure.