Shiba

Accumulate

2024

Chainlink

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 <p>Chain<a rel="noopener noreferrer nofollow" title="LINK" href="https://thebittimes.com/tag/link.html">LINK</a> (<a rel="noopener noreferrer nofollow" title="LINK" href="https://thebittimes.com/tag/link.html">LINK</a>) registered commanding gains this week, surging nearly 30% before meeting stiff resistance around the $19.50 level. Still, according to an <a rel="noopener noreferrer nofollow" title="Category Analysis" href="https://thebittimes.com/analysis.html">Analysis</a> by crypto trader Ali, conquering that supply hurdle opens the door towards significantly more upside for the Oracle network’s cryptocurrency.</p>
 <p>In a recent tweet, Ali highlighted a critical band of resistance between $19.40 and $20 where over 5,330 addresses hold a combined 8.59 million LINK—representing a substantial concentration of potentially sellable tokens at current prices.&nbsp;&nbsp;</p>
 <p><strong>Also read: Shiba Inu: $1000 Investment Could Turn Into $109k If SHIB Reaches $0.001</strong></p>
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    <p lang="en" dir="ltr">#Chain<a rel="noopener noreferrer nofollow" title="LINK" href="https://thebittimes.com/tag/link.html">LINK</a> faces stiff resistance between $19.40 and $20.03, where 5,330 addresses hold over 8.59 million $<a rel="noopener noreferrer nofollow" title="LINK" href="https://thebittimes.com/tag/link.html">LINK</a>. But if #<a rel="noopener noreferrer nofollow" title="LINK" href="https://thebittimes.com/tag/link.html">LINK</a> can break through this supply wall, the next critical area of resistance is around $26.87, representing a 38% price increase! pic.twitter.com/g34fryPll5</p>— Ali (@ali_charts) February 5, 2024
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 <h2 class="wp-block-heading" id="h-will-link-hit-26">Will LINK hit $26?</h2>
 <p>However, should demand overwhelm that wall of overhead <a rel="noopener noreferrer nofollow" title="LINK" href="https://thebittimes.com/tag/link.html">LINK</a> and allow prices to decisively break out above $20, Ali spied a relatively clear surge for a continued rally towards <a rel="noopener noreferrer nofollow" title="LINK" href="https://thebittimes.com/tag/link.html">LINK</a>’s next resistance zone around $26. This represents a 38% potential upside from the breach point.</p>
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 <p>However, LINK claiming such ambitious medium-term targets first requires bulls to stay on course at current levels. And on that front, data from on-chain analytics provider Lookonchain seems promising. Their latest tweet indicates large players aggressively continue stockpiling LINK on dips with nearly $42.38 million worth, leaving Binance for new wallets over just two days this week.</p>
 <p><strong>Also read: Chainlink Could Hit $30 Soon, Here’s What Triggered LINK Price Surge</strong></p>
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    <p lang="en" dir="ltr">A mysterious whale/institution is accumulating $LINK!<br><br>We noticed that a total of 47 fresh wallets withdrew 2,237,504 $LINK ($42.38M) from #Binance in the past 2 days!<br><br>Address list: https://t.co/cYgH52rHzxhttps://t.co/SgFeI8cRKV pic.twitter.com/g7Mh66k9l0</p>— Lookonchain (@lookonchain) February 6, 2024
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 <p>After all, whale buying unlocks the potential for significant supply withdrawals over multi-week time frames that allow prices to sustain upward progress.</p>
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 <p>With fundamentals and technical alignment backing its bull case, Chainlink looks poised to scale fresh heights and mint new LINK millionaires should favorable macro and momentum conditions persist.</p>
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  <li>chainlink</li>
  <li>LINK</li>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/chainlink-could-hit-26-soon-47-fresh-wallets-accumulate-link-tbt79101.html">https://thebittimes.com/chainlink-could-hit-26-soon-47-fresh-wallets-accumulate-link-tbt79101.html</a></p>

Chainlink Could Hit $26 Soon; 47 Fresh Wallets Accumulate LINK

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