Chainlink (LINK) is showing positive momentum in the cryptocurrency market due to strong accumulation by large investors and recent price recovery.
Whale Accumulation Strategy
On-chain data indicates significant accumulation of LINK tokens by large holders over the last two weeks.
More than 1.6 million LINK have been accumulated, demonstrating a high level of whale activity and growing confidence in the token's future. This acquisition occurred during stable prices, highlighting an organized purchasing approach.
Current Price and Forecasts
As of now, LINK is priced at $19.53, reflecting a 3.53% increase from the previous day. The current market situation suggests a possible retest of the $20 mark, which could serve as a launchpad for further growth. If the support holds, potential targets may reach $22 and $28 in the short to mid-term.
Overall Market Dynamics
The recent accumulation by whales coincides with general market recovery. Investors are closely watching developments, as sustained interest from major players may lead to significant breakout and price increases.
Thus, active accumulation and support of the current price level may signal positive changes for Chainlink in the near future.
