#Chainlink ($LINK ): Whale transfers 403,000 LINK to the exchange – Risk of a sell-off?

The price of Chainlink (LINK) is attracting attention following unusual movements from an on-chain whale wallet.

Specifically, the wallet address 0x7fBB has transferred 403,000 LINK to the Binance exchange since May 27 – equivalent to approximately 5.87 million USD. This move has raised concerns that the whale may be preparing to offload, putting downward pressure on the market.

This on-chain activity coincides with several negative technical signals:

Elliott Wave theory indicates the possibility of entering a short-term correction phase.

However, strong support levels around $13.8 – $14 are still proving effective. If the bulls maintain this area, the likelihood of a recovery to the $17 – $18 range in the medium term is entirely feasible.

🔹 Short – medium term expectations:

Price target: $17.0 – $18.2

Recommended stop-loss area: Below $13.5

Chainlink remains one of the most sought-after altcoins thanks to its robust decentralized oracle ecosystem and steadily growing partnerships.

⚠️ This article is for informational purposes only and should not be considered investment advice. Trading cryptocurrencies carries high risks. Please carefully consider and take responsibility for your financial decisions.