CandleFocus Chainlink price reaches highest level in years as whale moves $9.6m worth to Aave
2024-12-08
Author: Content Editor
The price of Chainlink (LINK) has been on a strong uptrend, reaching its highest level since January 2022. This rally has been accompanied by accumulation by whales, with large transactions of LINK coins being moved from exchanges to other platforms. Despite the surge, there is very little fear of missing out among retail investors, according to crypto analytics firm Santiment. The LINK price has surpassed key resistance levels and is now targeting $31.25 in the short term and a retest of the all-time high of $52 in the long term. However, if the price drops below the key support at $22.85, the bullish outlook would be invalidated.
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