The price of Chainlink (LINK) decreased on Boxing Day, along with a broader crash in the cryptocurrency market. However, despite the decline, there are signs that whales are accumulating the LINK token. Large transactions have been made by investors, and the netflow of Chainlink tokens to exchanges has turned negative, indicating further accumulation. Chainlink is a major player in the cryptocurrency industry, offering oracle solutions to decentralized finance platforms. Additionally, Chainlink introduced the Cross-Chain Token standard, which is now utilized by various cryptocurrencies. The LINK price is currently forming a head and shoulders pattern, suggesting a potential reversal. If the price falls below the neckline at $20.36, it could reach $13.3. However, if it surpasses the right shoulder at $26, the bearish view would be invalidated.



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