$LINK has broken out of a descending channel after a strong rebound from the $15 support. š
Chainlink surpassed the key resistance at $20.16, the level it reached on 21st July.
This move mirrors LINK's prior breakouts from consolidation zones that fueled sharp rallies.
If momentum persists, the next test toward the $25.2 target line looks likely. š
Whales have accumulated 8.10 million LINK worth over $150M in the past two weeks, with whale wallets rising 4.2% this month. šš„This heavy buying signals strong confidence from major investors, driving bullish momentum for Chainlink.
Meanwhile, Chainlink has launched its on-chain LINK Reserve to boost token liquidity.
