Chainlink

3X Short Chainlink Token

0.5X Long Chainlink Token

The post<a href="https://cryptosnewss.com/analyst-predicts-dogecoin-could-reach-new-all-time-high/" rel="noopener noreferrer nofollow"> </a><a href="https://cryptosnewss.com/chainlink-price-rally-can-whale-activity-push-link-to-30/" rel="noopener noreferrer nofollow">Chainlink Price Rally: Can Whale Activity Push LINK to $30?</a> appeared first on<a href="https://cryptosnewss.com/" rel="noopener noreferrer nofollow"> Cryptos Newss</a>.LINK, the native cryptocurrency of Oracle network Chainlink, records a notable 2% downtick during Tuesday’s market session. The pullback defied the broader market uptrend, with Bitcoin continuing to reach new highs. The selling pressure at $30 is limiting Chainlink price growth, signaling the potential for a major correction. Can buyers counterattack?According to Coingecko, the LINK’s market cap is at $17.8 Billion, while the 24-hour trading volume wavers at $2.13 Billion.Key Highlights:<ul><li>Long-wick rejection candles at $30 hint at intense overhead supply and potential pullback</li><li>Active accumulation from LINK whale signals investors’ confidence for a quick recovery or potential breakout,</li><li>The LINK buyers could witness strong support at $25.7 and $22.2 horizontal levels.</li></ul><h2 id="header-0">Chainlink Price Rises as $15.5M Whale Accumulation Sparks Optimism</h2>According to onchain data tracker <a href="https://x.com/lookonchain/status/1868843017500807324?t&#61;YXcykW_oJ1hyTR4BKW4XuA&amp;s&#61;19" rel="noopener noreferrer nofollow">Lookinchain</a>, a crypto whale has withdrawn another 100,000 Chainlink tokens worth approximately $2.95 million from Binance earlier today. This transaction marks a continuation of the whale’s recent activity, as they have cumulatively withdrawn 529,999 LINK, valued at $15.5 million, over the last three days.Read Also:<a href="https://cryptosnewss.com/guy-turner-identifies-potential-chainlink-challenger-in-emerging-crypto-project/" rel="noopener noreferrer nofollow"> Guy Turner Identifies Potential Chainlink Challenger in Emerging Crypto Project</a>Such large-scale withdrawals typically signal bullish sentiment among whales, as tokens moved off exchanges are often intended for long-term holding or staking.<blockquote>The whale withdrew another 100,000 <a href="https://twitter.com/search?q&#61;%24LINK&amp;src&#61;ctag&amp;ref_src&#61;twsrc%5Etfw" rel="noopener noreferrer nofollow">$LINK</a>($2.95M) from <a href="https://twitter.com/hashtag/Binance?src&#61;hash&amp;ref_src&#61;twsrc%5Etfw" rel="noopener noreferrer nofollow">#Binance</a> 6 hours ago.In the past 3 days, this whale has withdrawn a total of 529,999 <a href="https://twitter.com/search?q&#61;%24LINK&amp;src&#61;ctag&amp;ref_src&#61;twsrc%5Etfw" rel="noopener noreferrer nofollow">$LINK</a>($15.5M) from <a href="https://twitter.com/hashtag/Binance?src&#61;hash&amp;ref_src&#61;twsrc%5Etfw" rel="noopener noreferrer nofollow">#Binance</a>.Address:0x3c9Ea5C4Fec2A77E23Dd82539f4414266Fe8f757 <a href="https://t.co/gACJRuPBdG" rel="noopener noreferrer nofollow">pic.twitter.com/gACJRuPBdG</a>— Lookonchain (&#64;lookonchain) <a href="https://twitter.com/lookonchain/status/1868843017500807324?ref_src&#61;twsrc%5Etfw" rel="noopener noreferrer nofollow">December 17, 2024</a></blockquote><h2 id="header-1">Fibonacci Levels Signal Key Support Ahead</h2>Since last weekend, the Chainlink price has witnessed aggressive selling above the $30 level, evidenced by the long-tail rejection candles. While the Bitcoin price rally above $100k boosted most major altcoins, the <a href="https://www.cryptonewsz.com/chainlink-price-3-year-high-wallets-50/" rel="noopener noreferrer nofollow">LINK</a> buyers struggled to sustain a $30 breakout.With sustained selling, this altcoin could plunge 6% to hit the $25.6 level, seeking support at 23.6% FIB and 20-day EMA. If the support holds, the coin buyers could rechallenge the $31 high and drive a rally to $36, accounting for 30% growth potential.According to the Fibonacci retracement level, the  LINK coin could witness strong support at $25.7 and $22.2 levels, coinciding with 38.2% and 50% FIB.The post <a href="https://cryptosnewss.com/chainlink-price-rally-can-whale-activity-push-link-to-30/" rel="noopener noreferrer nofollow">Chainlink Price Rally: Can Whale Activity Push LINK to $30?</a> appeared first on <a href="https://cryptosnewss.com/" rel="noopener noreferrer nofollow">Cryptos Newss</a>.

Chainlink Price Rally: Can Whale Activity Push LINK to $30?

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