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Chainlink Whales Waking Up – Data Shows Signs Of Accumulation

NewsBTC LogoNewsBTC1w ago

Chainlink Whales Waking Up – Data Shows Signs Of Accumulation - NewsBTC

Quick Summary:

In this recent rally, LINK broke above the 200-day moving average (MA) at $12.8, a critical level often seen as a key indicator of long-term market sentiment.  To confirm this bullish momentum, LINK needs to hold this 200-day MA as a support level; if successful, it would reinforce the bullish price structure and signal the potential for further gains.Holding above $12.8 would set a strong foundation for LINK’s price action, suggesting that buyers have established control and are willing to defend current levels.

This volatility showcases the potential and unpredictability surrounding LINK’s recent price action, drawing attention from analysts and investors alike.  According to crypto analyst Ali Martinez, there’s a notable trend unfolding beneath the surface: Chainlink whales have been steadily accumulating LINK over the past two months.

Key data from crypto analyst Ali Martinez indicates a strong accumulation pattern among Chainlink whales, who have amassed over 15 million LINK in the past two months—an investment valued at around $165 million.  This substantial accumulation suggests high confidence among large holders, who appear committed to backing LINK despite its inherent price volatility.


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Article Details

Author / Journalist: Sebastian Villafuerte

Category: Crypto

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-14 @ 00:30:05 (1 weeks ago)

News Timezone: GMT +8:00

News Source URL: newsbtc.com

Language: English

Article Length: 606 words

Reading Time: 4 minutes read

Sentences: 64 lines

Sentence Length: 10 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © NewsBTC

News ID: 23577990

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About NewsBTC

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Main Topics: Crypto

Official Website: newsbtc.com

Update Frequency: 7 posts per day

Year Established: 2013

Headquarters: United Kingdom

News Last Updated: 12 hours ago

Coverage Areas: United Kingdom

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

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Website Security: Secure (HTTPS)

Publisher ID: #102

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