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Chainlink

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<p>The price of the crypto Chainlink (LINK) recently fell by 13%, reaching $27. This downward trend erases the gains from the previous week. The flip side: crypto whales continue to accumulate this promising token.</p>
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     <p lang="en" dir="ltr">The whale withdrew another 65,000 <a href="https://twitter.com/search?q=%24LINK&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$LINK</a>($1.81M) from <a href="https://twitter.com/hashtag/Binance?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Binance</a> 40 minutes ago.<br><br>In the past 4 days, this whale has withdrawn a total of 594,998 <a href="https://twitter.com/search?q=%24LINK&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$LINK</a>($17.31M) from <a href="https://twitter.com/hashtag/Binance?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Binance</a>.<a href="https://t.co/09rrsXqyml" rel="noopener noreferrer nofollow">https://t.co/09rrsXqyml</a> <a href="https://t.co/H4N9LkW8z9" rel="noopener noreferrer nofollow">pic.twitter.com/H4N9LkW8z9</a></p>— Lookonchain (@lookonchain) <a href="https://twitter.com/lookonchain/status/1869366917942960145?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">December 18, 2024</a>
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  A crypto whale bets big on Chainlink
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<h2 id="h-chainlink-une-baisse-de-13-dans-un-marche-crypto-en-turbulence">Chainlink: a 13% drop in a turbulent crypto market</h2>
<p>The <strong>price of the crypto asset Chainlink (LINK)</strong> declined by 13% in three days. It reached $27, down from an annual peak of $30.95. This correction reflects the overall weakness of the cryptocurrency market. For example, the <a href="https://www.cointribune.com/en/crypto-markets/bitcoin-btc-en/" target="_blank" rel="noopener noreferrer nofollow">price of Bitcoin</a> has dropped to $105,000. The leading crypto is thus recording a 3% decrease from its weekly high of $108,000.</p>
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<p>According to technical indicators, <strong>LINK has broken its support at $27.58</strong>. It is forming a bearish “triple top” pattern. This signals increased selling pressure. According to expert cryptocurrency analysts, the price may hit a psychological floor at $25 before a potential rebound.</p>
<p>This drop could, however, be seen as a buying opportunity, particularly for investors betting on high-adoption projects in DeFi.</p>
<p>Despite this decline, Chainlink continues to play a key role in blockchain. The proof is that it secures a total value of $41 billion through partnerships with major platforms like AAVE and Compound. These solid fundamentals place LINK among <strong>the most promising projects in the crypto ecosystem</strong>.</p> 
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<h2 id="h-accumulation-strategique-les-baleines-et-les-institutions-parient-sur-chainlink">Strategic accumulation: whales and institutions bet on Chainlink</h2>
<p>Despite the price decline, a crypto whale has intensified its <strong>accumulation of LINK tokens</strong>. Specifically, it added 65,000 units to its portfolio on December 18. This represents nearly $1.8 million. According to LookOnChain, this transaction brings the whale’s total acquisition to over $17.3 million.</p>
<p>In parallel, institutions like <a href="https://www.cointribune.com/en/the-trump-familys-crypto-project-accumulates-50-million-in-ethereum/" target="_blank" rel="noopener noreferrer nofollow">World Liberty Financial</a> (led by Donald Trump) have also shown their <strong>interest in Chainlink</strong>. Recently, this decentralized finance platform acquired $2 million worth of LINK tokens to integrate Chainlink’s Oracle solutions into its systems.</p>
<h2 id="h-indicateurs-techniques-et-perspectives-que-reserve-l-avenir-pour-la-crypto-link">Technical indicators and outlook: what does the future hold for crypto LINK?</h2>
<p>From a technical standpoint, Chainlink shows <strong>signs of short-term weakness</strong>. Its price hovers around the Fibonacci retracement level of 23.6%, at $26. However, it remains below the median line of Andrew’s Pitchfork model.</p>
<p>That’s not all! This crypto asset has also broken its 50-period moving average. This could signal <strong>a continuation of the decline to $25</strong>.</p>
<p>However, some crypto analysts remain optimistic about a potential rebound. This forecast relies on:</p>
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 <li>the growing demand for Chainlink’s DeFi solutions,</li>
 <li>its <a href="https://www.cointribune.com/en/this-trump-crypto-project-could-now-change-defi-for-good/" target="_blank" rel="noopener noreferrer nofollow">major partnerships</a> such as the one with Swift Network,</li>
 <li>discussions around a potential ETF based on LINK.</li>
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<p>Upstream, the <a href="https://app.intotheblock.com/coin/LINK/deep-dive?group=network&amp;chart=addressStats" target="_blank" rel="noopener noreferrer nofollow">data</a> from IntoTheBlock reveals <strong>a continuous increase in the number of holders</strong>: over 688,000 active addresses in December (compared to a monthly average of 686,000).</p>
<p>Despite a significant correction, Chainlink remains an essential player in cryptocurrency and <a href="https://www.cointribune.com/quest-ce-que-la-finance-decentralisee-defi/" target="_blank" rel="noopener noreferrer nofollow">decentralized finance</a>.</p>
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Crypto: Chainlink Drops To $27, But Attracts Whales

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