Chainlink Whales Pile In as Analysts Eye $200 Price Target
Main Idea
Chainlink (LINK) is experiencing increased whale activity and a price surge, with analysts targeting $200 due to scarcity and institutional adoption.
Key Points
1. Whale transactions in LINK reached the highest level in three months, coinciding with a 16% price jump.
2. Chainlink's price rebounded from a key support zone between $19.93 and $20.85, rallying about 10%.
3. Analysts predict a $200 price target for LINK, citing reduced supply and growing demand for blockchain infrastructure.
4. Chainlink recently partnered with a New York Stock Exchange-listed company to bring forex and precious metals data on-chain.
5. If LINK's price falls below $20.80, it could signal a correction; a breakout above $25 may indicate a larger upward move.
Description
Whale transactions in LINK hit highest level in three months LINK price jumped 16% after bouncing from key support zone Analysts eye $200 target driven by scarcity and institutional adoption Chainlink (LINK) is making headlines again as on-chain data shows that whale transactions have surged to their highest level in three months, according to analyst Ali Martinez. This rise in big-money moves comes as LINK’s price has rallied sharply, jumping 10% in the last 24 hours. Chainlink $LINK whale tran...
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