Chainlink (LINK) is showing resilient growth after rebounding from key support, suggesting potential for further gains.
Rebound from Key Support
Chainlink managed a strong bounce from the support level at $9, previously acting as both support and resistance, highlighting its significance. The breakthrough of the $15 horizontal resistance enabled further momentum gain.
Price Indicator Analysis
Trading volume and indicators like OBV and MACD show positive trends. The increase in volume and MACD crossing above the signal line suggest potential for price appreciation in LINK.
Whale Activity and Price Impact
Recent LINK price fluctuations correlate with increased activity among major holders, who have significantly raised their investments, acquiring LINK worth $369.8 million.
Observed indicators and whale activity are shaping a favorable backdrop for Chainlink. Crossing key resistance levels could see it reach the $30 mark in the near future.
