Chainlink stalls: Can LINK reach $12 as whale wallets cross 25K?
Chainlink (LINK) is experiencing significant accumulation by large holders, with over 25,420 wallets now holding at least 1,000 LINK, indicating strong confidence despite limited price movement. The price remains range-bound between $7.95 (support) and $9.60 (resistance), with recent rebounds from the lower boundary reinforcing this zone. A breakout above $9.60 could propel LINK toward $12.00, supported by declining exchange reserves (down 2.22%), which reduces sell-side pressure, and a positive funding rate (0.0042%), reflecting gradual long positioning. While the DMI shows weakening bearish pressure, the ADX indicates weak trend strength, suggesting consolidation may continue. A sustained move above resistance is needed for a bullish shift; otherwise, the price may remain range-bound.
ambcrypto03/26 21:05