In recent weeks, Chainlink has shown significant growth, attracting the attention of major investors. The resistance at $14 has been overcome, and analysts are considering further growth potential up to $100.
Whale Activity at 3-Month High
According to Santiment data, Chainlink reached $14, making a significant step forward, showing its decoupling from other altcoins. Whale activity reached a record level over the past three months: the volume of token accumulation in wallets with 100,000 to 10 million LINK amounted to $369.8 million, equivalent to an 8.2% increase. Such active actions by major investors indicate growing trust in LINK and a desire to hold it in the hope of future successes. Recall that similar activity was noted on August 4, confirming long-term investor optimism.
Analysts Eye $100 TARGET for LINK After Downtrend Breakout
After overcoming the $13 resistance, seller pressure has decreased, and LINK began accumulating potential for further growth. Trader Rocko notes that above this level is a buy zone where buyers previously sought to prevent further price drops. Technical and fundamental factors indicate further strengthening of Chainlink, with a projected growth target of $100, provided the current level is maintained.
Chainlink Eyes $20 Target After Breakout Above $14
The Chainlink daily chart shows a breakout above the key $12.0 resistance level. The ascending trend indicates stable buyer interest since August. The next important resistance level is $20, which could attract even more investors if buying pressure persists. Technical indicators like the Awesome Oscillator also show positive signals, suggesting a potential continuation of the upward trend.
The activity of major investors combined with favorable technical analysis indicates the likelihood of further Chainlink growth. The breakout of key resistance levels and the accumulation of tokens suggest a possible long-term increase in LINK's value to target $20 and even $100 in the future.
