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🔗 Can Chainlink ( 
$LINK ) Rally 35%? Whale Accumulation & Key Levels in Focus!
A major Chainlink whale has re-entered the market, acquiring 139,860 LINK at $14.3, signaling strong conviction ahead of a potential breakout. $LINK is currently compressing within a symmetrical triangle, with key resistance at $15.68. A breakout above this level could trigger a 35% rally toward $18.18, while failure to hold $12.57 may lead to further downside.
On-chain data supports a bullish outlook. The MVRV Z-score at 3.09 suggests $LINK is still in an accumulation phase, reducing the risk of mass profit-taking. Exchange reserves have dropped by 3.11%, indicating investor confidence as fewer tokens remain available for sale. Daily active addresses are also recovering, reinforcing growing market interest. With whale accumulation, declining exchange reserves, and a favorable risk-reward setup, LINK’s next move hinges on a decisive breakout! 📈🔥
📊WhiteBIT Chart (5D) LINK/USDT:
