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Chainlink (LINK) trades in the positive zone over the past week, with whales accumulating $2.2 billion LINK as on-chain data shows no resistance ahead.&nbsp; 
Amid the passive crypto market trend, Chainlink (LINK) is up by over 5% in its cumulative seven-day performance. While LINK’s 24-hour trading volume has declined by nearly 50%, renowned crypto analyst Ali Martinez recently shared insights about the Chainlink market. 
<h2 id="span-style-font-weight-400-29k-wallets-amass-2-2b-link-span">29k Wallets Amass $2.2B LINK </h2> 
Quoting data from analytic firm IntoTheBlock, Martinez argued that Chainlink has managed to establish a resilient support zone within the range of $6.63 and $6.88. The analyst revealed that 29,000 addresses capitalized on the support range to build their portfolios.&nbsp; 
According to him, the wallets cumulatively acquired 295 million LINK tokens. Based on LINK’s current market value, the accumulated token amounts to a dollar value of over $2.2 billion.&nbsp; 
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
 <a href="https://twitter.com/hashtag/Chainlink?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Chainlink</a> <a href="https://twitter.com/search?q=%24LINK&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$LINK</a> 
 <a href="https://twitter.com/hashtag/LINK?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#LINK</a> <a href="https://t.co/m03eEePQqn" rel="noopener noreferrer nofollow">pic.twitter.com/m03eEePQqn</a> 
 <a href="https://twitter.com/ali_charts/status/1689975837980811264?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">August 11, 2023</a> 
</blockquote> 
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
Furthermore, Martinez noted that provided LINK trades above the stated support level, investors can expect a more bullish rally for the asset. Citing on-chain data, he argued that there seems to be no resistance barriers ahead of LINK.&nbsp; 
<h2 id="span-style-font-weight-400-whales-stock-on-chainlink-span">Whales Stock on Chainlink </h2>... 
<a href="https://thecryptobasic.com/2023/08/11/analyst-eyes-bullish-chainlink-rally-as-29k-wallets-amass-295m-link-worth-2-2b/" rel="noopener noreferrer nofollow">Read more</a>

Analyst Eyes Bullish Chainlink Rally as 29k Wallets Amass 295M LINK Worth $2.2B

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