LINK, the native token of Chainlink, captures the interest of major holders and long-term investors amid price fluctuations.
Crypto Whales Accumulate $75 Million Worth of LINK
According to Coinglass, a significant outflow of LINK totaling $75 million has been observed over the past three days, indicating accumulation by long-term holders anticipating future growth.
Current Price Momentum of LINK
LINK is currently trading near $27.22, experiencing a price decline of over 5.5% in the last 24 hours. The trading volume also decreased by 18%, showing reduced interest from traders.
Chainlink Technical Analysis and Upcoming Levels
LINK has broken a consolidation zone near the $28 support level, shifting market sentiment towards bearishness. If this sentiment continues, the price may fall to the next support level at $21.75. The current distance of LINK from the 200-day EMA suggests possible future gains.
Despite recent price volatility, LINK continues to draw significant interest from major holders, indicating potential market shifts.
