Chainlink Sees Whale Accumulation: Could Price Break Above $20 With Continued Momentum?
Main Idea
Chainlink (LINK) is experiencing a significant price surge due to whale accumulation and network upgrades, with potential resistance levels around $20.50–$21.
Key Points
1. Chainlink (LINK) surged 13% in 24 hours, trading at $18.89, with a 300% increase in trading volume.
2. Whale wallets holding 100,000–1 million LINK increased by 4.2% in August, accumulating 0.67% of the total supply.
3. Key upgrades include the launch of Data Streams for U.S. stocks and the Chainlink Reserve, enhancing utility.
4. Technical indicators show a positive outlook, with the next resistance level around $20.50–$21 if whale accumulation continues.
Description
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