Momentum

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Chainlink

Reversal

<ul>
 <li>Chainlink’s market shows anticipation due to a whale accumulation pattern, hinting at a significant price reversal.</li>
 <li>Chainlink finds robust support around $11, reinforced by the $12.2 level, wedge pattern, and 200-week EMA.</li>
 <li>Analysts predict LINK could reach $35 by year-end and potentially hit $140-170 in mid to late 2025.&nbsp;</li>
</ul>
<p><a href="https://cryptonewsland.com/chainlink-displays-resilience-amid-bitcoins-market-fluctuations-can-link-set-a-new-ath-this-quarter/" rel="noopener noreferrer nofollow">The Chainlink (LINK</a><a href="https://cryptonewsland.com/chainlink-displays-resilience-amid-bitcoins-market-fluctuations-can-link-set-a-new-ath-this-quarter/" target="_blank" rel="noopener noreferrer nofollow">)</a><a href="https://cryptonewsland.com/chainlink-displays-resilience-amid-bitcoins-market-fluctuations-can-link-set-a-new-ath-this-quarter/" rel="noopener noreferrer nofollow"> market</a> has been abuzz with anticipation as a whale accumulation pattern hints at a significant price reversal. Chainlink has found major support around the $11 mark. The $12.2 support level, reinforced by the wedge pattern and the 200-week exponential moving average (EMA), has created a robust accumulation zone.&nbsp;</p>
<p>This stability is further bolstered by intraday trading volume, which currently stands at $281 million, indicating a 25% gain. <a href="https://cryptonewsland.com/bitcoin-recovery-streak-falters-at-50-day-moving-average/" rel="noopener noreferrer nofollow">Bitcoin’s </a><a href="https://cryptonewsland.com/bitcoin-recovery-streak-falters-at-50-day-moving-average/" target="_blank" rel="noopener noreferrer nofollow">recovery</a> has also positively impacted the altcoin sector. This has contributed to Chainlink’s three-day rally, with a trading value of $13.1.</p>
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
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   <p lang="en" dir="ltr"><a href="https://twitter.com/search?q=%24LINK&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$LINK</a> Price Update <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f6a8.png" alt="🚨" class="wp-smiley" style="height: 1em; max-height: 1em;"> <br><br>– Found major support around $11<br><br>– $13.5 is the key resistance to break<br><br>Once it breaks above $13.5, <a href="https://twitter.com/hashtag/LINK?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#LINK</a> will pump hard <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f680.png" alt="🚀" class="wp-smiley" style="height: 1em; max-height: 1em;"> <a href="https://t.co/iSVsGTVM9f" rel="noopener noreferrer nofollow">pic.twitter.com/iSVsGTVM9f</a></p>— AMCrypto (@AMCryptoAlex) <a href="https://twitter.com/AMCryptoAlex/status/1812077879359938650?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">July 13, 2024</a>
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</figure>
<h2 class="wp-block-heading" id="h-whale-activity-and-price-prediction-nbsp">Whale Activity and Price Prediction&nbsp;</h2>
<p>Unidentified entities, likely whales or institutional investors, have been accumulating substantial amounts of <a href="https://chain.link/" target="_blank" rel="noopener noreferrer nofollow">Chainlink</a><a href="https://chain.link/" rel="noopener noreferrer nofollow"> (LINK)</a> coins. Since June 24, 2024, 93 new wallets have withdrawn approximately 12.75 million LINK (valued at roughly $167 million) from Binance.&nbsp;</p>
<p>This recurring pattern of accumulation during market downturns suggests strong confidence in LINK’s future prospects. If the wedge pattern holds true, Chainlink’s price could surge by 24.6% to hit the overhead trendline at around $16.34.&nbsp;</p>
<p><a href="https://x.com/nicucrypto?t=oH5SP-hyjeiD0FrAXh5Akg&amp;s=09" rel="noopener noreferrer nofollow">Nicu </a><a href="https://x.com/nicucrypto?t=oH5SP-hyjeiD0FrAXh5Akg&amp;s=09" target="_blank" rel="noopener noreferrer nofollow">crypto</a>, a respected analyst, predicts that LINK will end this year at $35. Looking ahead, LINK could potentially reach $140-170 sometime in mid to late 2025.</p>
<p>The accumulation by whales, coupled with positive market trends, sets the stage for a major reversal in Chainlink’s price. Keep an eye on the $13.5 resistance level – breaking above it could trigger a significant pump for LINK.&nbsp;</p>
<p>As analysts remain optimistic, LINK holders eagerly await the next bullish move. As of writing, LINK was trading above the $13.5 resistance, at $13.75, so this could be a good time to accumulate LINK, according to the above predictions.&nbsp;</p>
<h4 class="wp-block-heading" id="h-read-also">Read Also&nbsp;</h4>
<ul class="wp-block-yoast-seo-related-links yoast-seo-related-links">
 <li><a href="https://cryptonewsland.com/what-the-2-1-million-liquidation-in-chainlink-means-for-links-future/" rel="noopener noreferrer nofollow">What the $2.1 Million Liquidation in Chainlink Means for LINK’s Future</a></li>
 <li><a href="https://cryptonewsland.com/traders-on-edge-as-chainlink-nears-12-24-support-bullish-reversal-imminent/" rel="noopener noreferrer nofollow">Traders on Edge as Chainlink Nears $12.24 Support: Bullish Reversal Imminent?</a></li>
 <li><a href="https://cryptonewsland.com/bitcoin-accumulation-surges-at-30200/" rel="noopener noreferrer nofollow">Bitcoin Accumulation Surges at $30,200, Signaling Potential Big Move</a></li>
 <li><a href="https://cryptonewsland.com/chainlink-rockets-35-whats-driving-this-surge/" rel="noopener noreferrer nofollow">Chainlink Rockets 35%: What’s Driving This Surge?</a></li>
 <li><a href="https://cryptonewsland.com/when-market-trends-favor-chainlink-predicting-its-next-big-move-towards-18/" rel="noopener noreferrer nofollow">When Market Trends Favor Chainlink: Predicting Its Next Big Move Towards $18</a></li>
</ul>
<p>The post <a href="https://cryptonewsland.com/whales-accumulate-link-amid-surging-momentum/" rel="noopener noreferrer nofollow">Whale Accumulation Pattern Sets LINK for Major Reversal Amid Surging Momentum</a> appeared first on <a href="https://cryptonewsland.com" rel="noopener noreferrer nofollow">Crypto News Land</a>.</p>

Whale Accumulation Pattern Sets LINK for Major Reversal Amid Surging Momentum

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