Chainlink

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/chainlink-whales-push-boundaries-with-significant-accumulation/" data-wpel-link="internal">Chainlink Whales Push Boundaries with Significant Accumulation</a><br></p>
<p style="text-align: justify"><strong>Chainlink (LINK)</strong> whales are pushing their limits as we detect significant accumulation on the chain. Newly created wallets, potentially under the control of a single entity, transferred approximately 1.287,492 LINK worth $17.5 million from <a href="https://en.coin-turk.com/sec-strengthens-case-against-binance-following-4-3-billion-legal-agreement/" data-wpel-link="internal">Binance</a> within just three days.</p> 
<h2 id="whale-activity-in-link">Whale Activity in LINK</h2> 
<p style="text-align: justify">When analyzing the LINK/USDT chart, there is observable volatility in <strong>Chainlink’s</strong> market valuation. LINK has recently been trading at a significant juncture, closely interacting with its 50-day exponential moving average (EMA). This level can often serve as a dynamic support or resistance for asset prices. The current stance below the 50 EMA may indicate that <strong>LINK</strong> is in a delicate position, testing investor sentiment.</p> 
<p style="text-align: justify">According to experts, the strength in the cryptocurrency’s charts, clearly visible from the recent accumulation by whales, could potentially turn into buying pressure and support a bullish scenario for LINK. Since large accumulations can indicate investor confidence or knowledge about positive developments in the <strong>Chainlink</strong> ecosystem, this whale activity often occurs before significant price movements.</p> 
<p><img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-299573 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/01/link.png" alt="" width="2093" height="1763"></p> 
<h2 id="link-price-prediction">LINK Price Prediction</h2> 
<p style="text-align: justify">However, as the decreasing trading volume also indicates, there are weaknesses present. This situation may show a lack of individual investor participation, which could limit any potential rise. For <strong>LINK</strong> to sustain a price increase, consistent volume and the currently weak investor interest, which appears to be lacking, are needed.</p> 
<p style="text-align: justify">Despite recent whale activities, LINK’s price remains in a narrow range and is attempting to break out. The Relative Strength Index <strong>(RSI)</strong> is in a neutral position, neither overbought nor oversold, indicating a lack of clear direction in market sentiment. For a strong bullish trend, LINK needs to convincingly close above the 50-day EMA, and increasing volume would confirm this breakout.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/chainlink-whales-push-boundaries-with-significant-accumulation/" data-wpel-link="internal">Chainlink Whales Push Boundaries with Significant Accumulation</a></h5>

Chainlink Whales Push Boundaries with Significant Accumulation

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