LChainlink (LINK) is showing strong bullish momentum as a powerful combination of Elliott Wave technicals and heavy whale accumulation points toward more upside ahead.
๐ Whale Accumulation Hits $150M in 2 Weeks
Over the past two weeks, large wallets holding between 100Kโ1M LINK have scooped up more than 8.1 million LINKโvalued at around $150 million. This surge in whale buying has coincided with a drop in exchange reserves from 281M to 273M LINK, reducing potential selling pressure and signaling long-term confidence.
๐ LINK Reserve Adds to the Bullish Case
Chainlinkโs new LINK Reserve, funded by on-chain and enterprise revenues, has already accumulated over $1M in LINK with no plans to sell. This creates a structural negative supply shock, further strengthening the case for price growth.
๐ Elliott Wave Targets Point to $25+
Elliott Wave analysis shows LINK in wave 3โhistorically the longest and most powerful stage. Key targets include:
๐ฏ $21.07โ$22.65 (current wave extension)
๐ฏ $23โ$25.12 (potential wave 5 range)
๐ $30+ if momentum and whale demand persist
A sustained move above $20 could confirm this bullish setup, while a drop below $18.87 may slow momentum.
โ Why It Matters
Less selling pressure thanks to shrinking exchange reserves ๐
Strong institutional & whale confidence ๐ฆ
Technical alignment with Elliott Wave & Fibonacci projections ๐
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๐ Bottom Line: If whales keep buying and technicals hold, LINK could be gearing up for a powerful rally toward $25โ$30 in the coming weeks.
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