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Chainlink Whales Waking Up – Data Shows Signs Of Accumulation

Author: Content Editor
Crypto analyst Ali Martinez has observed a steady accumulation of Chainlink (LINK) by large holders, indicating growing confidence and a bullish outlook for the asset. Despite recent price fluctuations, whales continue to add LINK to their portfolios, suggesting solid support at current levels. This accumulation trend is expected to be pivotal for LINK in the coming weeks, with further accumulation by large holders potentially fueling another upward move. The active participation of whales, coupled with the recent surge in price, indicates a strong support base for Chainlink. However, the next few weeks will determine whether the accumulation trend will continue or if it was a temporary push. Sustained buying by whales would likely reinforce LINK's price and highlight its value in the blockchain ecosystem. The current price level of $13.3 is seen as a critical support level, and if LINK holds above $12.8, it could signal further gains and the potential for a breakout. On the other hand, failing to hold the 200-day moving average at $12.8 could disrupt the bullish momentum and lead to a retest of lower support areas.

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