Will Chainlink Price Defy Overhead Supply? Whale Support Hints at 30% Rally
Author: Content Editor
The native cryptocurrency of Oracle network Chainlink, LINK, experienced a 2% drop during Tuesday's market session, contrary to the overall market trend of Bitcoin reaching new highs. Sellers are limiting price growth at $30, raising the possibility of a major correction. However, a crypto whale has withdrawn 100,000 Chainlink tokens worth $2.95 million from Binance, which often indicates bullish sentiment. If sellers continue, the altcoin could drop 6% to $25.6, but if support holds, there is potential for a rally to $36, representing 30% growth. Fibonacci retracement levels suggest strong support at $25.7 and $22.2.