๐๐๐๐๐ก๐๐๐ก๐ ๐๐ข๐๐๐ฆ ๐ง๐๐ ๐๐๐ก๐ ๐๐ง $๐ญ๐ฎ ๐ช๐๐๐๐๐ฆ ๐๐จ๐ฅ๐, ๐๐ฅ๐๐๐๐ข๐จ๐ง ๐๐ง $๐ญ๐ฐ?
๐ Price: $13.05 (โผ 4.18%)
๐ณ Whale Control: Top 10 wallets hold 32% of LINK, per on chain Data Analyst Santiment, which is less concentrated than SHIB (62%) but more than USDC (27%)
๐ง Why This Matters:
When whales hold large amounts, they can influence price sharply. LINKโs whale share (32%) is moderate, meaning risk of manipulation is lower than meme coins โ but still worth watching.
๐ Technical Setup.
๐ฉ Support Zone: $12 โ Still holding strong
๐ฅ Resistance to Watch: $14 (matches 50-day MA)
๐ฏ Bull Targets:
$16.77 (200-day MA)
$18โ$20 zone (major resistance area from May)
๐ Daily RSI: Below 50 = consolidation phase, not yet overheated
๐งญ A break above $14 may trigger momentum buying and short squeeze
๐งพ What Traders Should Do:
โ๏ธ Bullish Scenario:
Wait for daily close above $14 = likely move toward $16.77 then $18
RSI moving above 50 = strength returning
โ ๏ธ If LINK falls below $12, expect further downside toward $10.50
Could invalidate bullish thesis short-term
Stop-losses recommended under $12 if entering now
๐ง Final Thoughts
Chainlink is in a make-or-break zone. Whales arenโt overly dominant, and $12 support is still solid. But only a move past $14 will flip sentiment truly bullish.
For now, watch volume and RSI โ and donโt FOMO early.