Chainlink Hits $13.5 For The First Time Since July – Smart Money Accumulation?

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Chainlink Hits $13.5 For The First Time Since July – Smart Money Accumulation? - NewsBTC

Quick Summary:

Related Reading: Bitcoin ETFs See Historic Surge – Institutions Go Bullish On BTC With $1.38 Billion Record Inflows Accumulation by Chainlink whales, combined with its price-breaking key resistance levels, suggests that LINK is poised for continued growth in the coming weeks.

Stakeholders holding between 100K to 10M LINK have accumulated a massive $369.8 million worth of the token in just 7 weeks, representing an 8.2% increase in their holdings. This surge in whale activity often signals confidence in a token’s future price potential, with large investors positioning themselves for the next leg of growth.

A pullback of this nature would allow bulls to consolidate gains and set a stronger foundation for the next move. Related Reading: Solana Breaks Above Key Resistance – Top Analyst Sets $300 Target Traders are eyeing $14.5 as the next significant supply zone, where LINK may face resistance as it approaches this level.