Rally

David

Strong

Million

Chainlink

You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/chainlink-attracts-major-investment-with-a-4-12-million-link-purchase/" data-wpel-link="internal">Chainlink Attracts Major Investment with a $4.12 Million LINK Purchase</a> 
The leading decentralized oracle network <a href="https://en.coin-turk.com/will-link-coin-reach-14-as-chainlink-link-still-cannot-get-out-of-the-critical-zone/" data-wpel-link="internal">Chainlink</a> (LINK) continues to demonstrate its strength, as on-chain data reveals investors’ significant interest in the altcoin. Spot On Chain reported that an individual or institution purchased $4.12 million worth of LINK within three hours. 
<h2 style="text-align: justify" id="strong-4-12-million-invested-in-link-in-three-hours-strong">$4.12 Million Invested in LINK in Three Hours</h2> 
On-chain data platform Spot On Chain reported that an individual or institution bought 227,350 LINK tokens, valued at $4.12 million, at approximately $18.1 each within three hours. 
<img loading="lazy" loading="lazy" decoding="async" class="aligncenter size-full wp-image-311098" src="https://coin-turk.com/wp-content/uploads/2024/02/Altcoin-Chainlink-LINK.jpeg" alt="" width="1782" height="1092"> 
The platform indicated that the investor made the LINK purchases through 8 new wallet addresses. Furthermore, the data shows that most of the LINK tokens were withdrawn from a centralized cryptocurrency exchange (CEX) just before the price rapidly increased by 4.1%. This suggests that the investor may have a long-term view on LINK. 
<h2 style="text-align: justify" id="strong-analysts-expect-a-strong-rally-in-link-strong">Analysts Expect a Strong Rally in LINK</h2> 
As Chainlink’s LINK continues to show strength heading towards new recovery peaks, it is trading around $18.6 at the time this article was prepared. According to many expert analysts, the momentum increase in the altcoin could signal a steep rally towards ambitious upward targets. 
Anonymous crypto analyst JAVON MARKS stated that LINK has reached a new breakout zone on its way to retesting high timeframe resistance, saying, “LINK’s price is approaching $19 and could be preparing for much higher levels! The target remains at $47.15,” suggesting a potential 153% increase for the popular altcoin. 
<img loading="lazy" loading="lazy" decoding="async" class="aligncenter size-full wp-image-311100" src="https://coin-turk.com/wp-content/uploads/2024/02/Chainlink-LINK-Altcoin.png" alt="" width="2048" height="1265"> 
Crypto analysts David and Matthew Hyland also noted that LINK closed a weekly candle above the critical level of $16.54, which they predict signals a significant rise. The duo expects the altcoin to surge up to $29. 
<h5>The post first appeared on COINTURK NEWS: <a href="https://en.coin-turk.com/chainlink-attracts-major-investment-with-a-4-12-million-link-purchase/" data-wpel-link="internal">Chainlink Attracts Major Investment with a $4.12 Million LINK Purchase</a></h5>

Chainlink Attracts Major Investment with a $4.12 Million LINK Purchase

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