Accumulate

Rally

Resistance

Chainlink

Reversal

<p><a href="https://captainaltcoin.com/where-is-the-chainlink-link-price-headed-next-analyst-maps-the-path-to-50/" target="_blank" rel="noopener noreferrer nofollow">Chainlink (LINK)</a> has been of interest lately as whale investors have accumulated more than 15 million tokens, valued at approximately $165 million. This accumulation appears to align with a recent price uptrend, reinforcing the role of large-scale investors in the cryptocurrency’s market trajectory.&nbsp;</p>
<p>The Chainlink chart, shared by analyst Ali, reveals trends that hint at ongoing market momentum and potential future price levels. The Chainlink price chart, highlighted by analyst Ali, showcases a distinct price movement for LINK.&nbsp;</p>
<p>Observing a steady increase from late October to early November 2024, LINK’s price rose from around $13.50 to over $15. This upward trend appears correlated with recent whale activity, as large investors accumulated over 15 million tokens, further intensifying buying pressure.&nbsp;</p>
<p>The timing suggests whale purchases likely supported the price increase, signaling optimism in LINK’s long-term potential. The accumulation period coincided with Chainlink’s approach to a resistance zone near the $15.50 mark.&nbsp;</p>
<p>However, the price briefly touched this level before pulling back, highlighting this as a key area to monitor. Market watchers suggest that breaking through this resistance could prompt <a href="https://www.cryptotimes.io/2024/11/13/chainlink-price-rises-on-top-buy-hold-or-sell-link/" target="_blank" rel="noopener noreferrer nofollow">further gains for LINK</a>.</p>
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   <p lang="en" dir="ltr"><a href="https://twitter.com/hashtag/Chainlink?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#Chainlink</a> whales have accumulated over 15 million <a href="https://twitter.com/search?q=%24LINK&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$LINK</a> over the past two months, valued at around $165 million! <a href="https://t.co/6QJBGY7xA5" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/6QJBGY7xA5</a></p>— Ali (@ali_charts) <a href="https://twitter.com/ali_charts/status/1856496449770418200?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">November 13, 2024</a>
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<h2 class="wp-block-heading" id="strong-link-s-support-and-resistance-levels-strong"><strong>LINK’s Support and Resistance Levels</strong></h2>
<p>The chart analysis indicates that Chainlink’s price has found consistent support between $13.00 and $13.50. This area has been retested multiple times, with noticeable buying activity reflected in green candles on the chart.&nbsp;</p>
<p>As prices approached this support, LINK rebounded, affirming this as a pivotal demand zone. If LINK maintains its hold here, it may provide a foundation for future growth as whale interest persists.</p>
<p>The resistance around $15.50 remains a key threshold. If LINK’s price surpasses this level, it could open the door for additional upward movement. Conversely, if resistance holds, LINK may continue trading within the established range until more market signals emerge.</p>
<p><strong><em>Read also: </em></strong><a href="https://captainaltcoin.com/solanas-rally-at-risk-key-sol-indicators-signal-possible-reversal-ahead/" target="_blank" rel="noopener noreferrer nofollow"><strong><em>Solana’s Rally at Risk? Key SOL Indicators Signal Possible Reversal Ahead</em></strong></a></p>
<h2 class="wp-block-heading" id="strong-volume-trends-and-market-sentiment-strong"><strong>Volume Trends and Market Sentiment</strong></h2>
<p>During the price uptrend, the trading volume for LINK also increased, suggesting that buying interest wasn’t limited to whales alone.&nbsp;</p>
<p>The volume chart indicates a steady rise in market participation, supporting the narrative of genuine buying interest beyond whale accumulation. Volume spikes on upward price movements reflect a broader market sentiment aligning with the positive trend for LINK.</p>
<h2 class="wp-block-heading" id="strong-technical-indicators-and-moving-averages-strong"><strong>Technical Indicators and Moving Averages</strong></h2>
<p>The EMA ribbons on the chart have consistently supported the bullish trend. The alignment of these EMAs suggests continued upward momentum, as LINK remains above these levels.&nbsp;</p>
<p>If the trend holds, LINK may experience further price support from these technical indicators. A price break above resistance, alongside EMA alignment, could strengthen the bullish outlook in the near term.</p>
<p>Per CoinGecko, <a href="https://www.coingecko.com/en/coins/chainlink" target="_blank" rel="noopener noreferrer nofollow">LINK is priced at $13.36</a> today, with a 24-hour volume of over $1.3 billion, representing a 13.25% gain over the past week.</p>
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<p>The post <a href="https://captainaltcoin.com/chainlink-whales-massively-accumulate-link/" rel="noopener noreferrer nofollow">Chainlink Whales Massively Accumulate LINK</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Chainlink Whales Massively Accumulate LINK

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