Chainlink

1X Short Chainlink Token

<a href="https://cryptosnewss.com/chainlink-price-rally-can-whale-activity-push-link-to-30/" rel="noopener noreferrer nofollow">Chainlink (LINK)</a>, the native cryptocurrency of the decentralized Oracle network Chainlink, is showing strong resilience despite a 7.5% price drop amid a broader market correction. The latest on-chain data suggests record-high whale activity, signaling a potential breakout toward $30.<h2 id="header-0">Chainlink (LINK) Sees Highest Whale Activity Since 2023</h2>Despite the downturn, LINK has caught the attention of large investors and institutional traders. According to <a href="https://santiment.net/" rel="noopener noreferrer nofollow">Santiment</a>, Chainlink recorded 1,659 daily transactions exceeding $100,000, the highest whale activity since December 2023.<blockquote>&#x1f517;&#x1f433; With crypto taking a swing back down, Chainlink has stood out as a network with heavy key stakeholder dip buying. 1,659 daily $100K&#43; <a href="https://twitter.com/search?q&#61;%24LINK&amp;src&#61;ctag&amp;ref_src&#61;twsrc%5Etfw" rel="noopener noreferrer nofollow">$LINK</a> transactions is the most since 2023, and 9,531 active wallets is the most in 4 weeks. When altcoins rebound, keep an eye on this asset. <a href="https://t.co/GUjHJALLV3" rel="noopener noreferrer nofollow">pic.twitter.com/GUjHJALLV3</a>— Santiment (&#64;santimentfeed) <a href="https://twitter.com/santimentfeed/status/1886892560213520549?ref_src&#61;twsrc%5Etfw" rel="noopener noreferrer nofollow">February 4, 2025</a></blockquote>Additionally, the number of active wallets has surged to a 4-week high of 9,531, reflecting growing user engagement and network adoption. Historically, increased whale transactions and rising active wallets have aligned with strong price rebounds, making this a bullish indicator of LINK’s price trajectory.<h2 id="header-1">LINK Forms Bull-Flag Pattern – A Breakout to $30 Incoming?</h2>After dropping from $26.4 to $20, LINK has entered a bull-flag pattern, a classic technical formation that indicates a temporary pullback before a breakout.If selling pressure continues, LINK could retest the lower trendline at $16.35, a key support level. However, if bulls regain momentum, LINK could break through the $22.5 resistance, triggering an upward rally toward $31 and potentially $40.<h2 id="header-2">Chainlink Price Analysis – Key Levels to Watch</h2><ul><li>Support: $16.35 (bull-flag lower trendline)</li><li>Immediate Resistance: $22.5</li><li>Breakout Target: $31, followed by $40</li></ul>According to CoinGecko, Chainlink currently trades at $20, with a market cap of $12.8 billion and a 24-hour trading volume of $1.9 billion.<h2 id="header-3">Can LINK Rebound to $30?</h2>The recent spike in whale activity and user engagement suggests that big investors are accumulating LINK, reinforcing a bullish case for recovery. If LINK breaks past $22.5 resistance, a rally toward $30 and beyond could be on the horizon.With the crypto market stabilizing, Chainlink’s fundamentals remain strong, making it a key asset to watch in the coming days.The post<a href="https://cryptosnewss.com/analyst-predicts-dogecoin-could-reach-new-all-time-high/" rel="noopener noreferrer nofollow"> </a><a href="https://cryptosnewss.com/chainlink-link-price-30-sees-record-whale-activity-is-a-major-link-rally-coming/" rel="noopener noreferrer nofollow">Chainlink (LINK) Price $30 Sees Record Whale Activity – Is a Major LINK Rally Coming?</a> appeared first on<a href="https://cryptosnewss.com/" rel="noopener noreferrer nofollow"> Cryptos Newss</a>.

Chainlink (LINK) Price $30 Sees Record Whale Activity – Is a Major LINK Rally Coming?

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