CandleFocus Chainlink price double bottoms as whales accumulate
2024-12-22
Author: Content Editor
Chainlink, the largest oracle provider, has formed a double-bottom pattern and there are signs that whales are accumulating the token. The coin has rebounded from its recent low but is still in a bear market. Whales have been withdrawing large amounts of Chainlink from Binance, and several prominent figures, including the Trump family, have been accumulating the token. Chainlink is a major player in the crypto industry and has formed partnerships with notable companies. The coin has experienced a recent drop but remains above the 50-day moving average and has formed a bullish reversal pattern, indicating a potential rebound to the key psychological level of $30. However, if the coin drops below the double-bottom point at $20.12, the bullish view will be invalidated.
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