21.09.2025 05:47

Recent internet reports indicate a significant surge in Chainlink (LINK) accumulation by large investors, signaling growing market confidence amid ongoing consolidation.

Specifically, within a mere 48-hour period, whale wallets, each holding between 100,000 and 1,000,000 LINK, collectively acquired nearly 2 million tokens. At the time of the report, LINK was trading around $24, maintaining a stable price despite the considerable influx of buying activity. This trend typically reflects heightened confidence among substantial investors.

Furthermore, technical analysis of Chainlink's price action reveals a bullish pennant pattern forming on the 12-hour chart, characterized by converging support and resistance levels. The resistance zone lies in the range of $25-$26, while support has established itself around $22-$23, coinciding with a fair value gap. Traders are closely monitoring these critical levels within the pennant structure, anticipating that a breakout or retest will offer enhanced directional clarity. From a Bitcoin pairing perspective, analysts have identified LINK as one of the stronger setups in the market, currently trading below a major resistance level. Overcoming this resistance could pave the way for...