After Chainlink’s (LINK) price success over the past few days, it seems like a whale might be planning to cash in their holdings. The whale tracking platform, Whale Alerts, shared a post on X earlier today warning traders that a whale transferred 671,878 LINK, worth about $7,379,...
- Earlier today, a whale transferred LINK worth over $7 million from an unknown wallet to Binance.
- Technicals on LINK’s daily chart suggest that momentum is shifting from bullish to bearish.
- LINK was worth $11.00 at press time after its price managed to climb 0.41% in the past 24 hours.
After Chainlink’s (LINK) price success over the past few days, it seems like a whale might be planning to cash in their holdings. The whale tracking platform, Whale Alerts, shared a post on X earlier today warning traders that a whale transferred 671,878 LINK, worth about $7,379,274, from an unknown wallet to Binance.
LINK has been in a consolidation phase between $10.635 and $11.785 over the past week. This was after it entered into the channel on 25 October 2023. Bulls did attempt to elevate the altcoin’s price to above this price channel, but sellers were able to prevent that from happening.
Subsequently, technical indicators on LINK’s daily chart were slowly shifting f…
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