Whale accumulation on Chainlink raises expectations for a strong bullish wave

LINK is trading near $21.70, supported by whale accumulation and a decline in exchange reserves, which reduces supply and supports the upward trend. A breakout above the $24 resistance may pave the way for consecutive targets at $31.8 and then $52.3, with the potential to reach $95 in the long term. Data indicates that large wallets increased by 4.2% in August, accumulating 4.55 million LINK worth $97 million, which enhances bullish expectations if demand continues amid supply scarcity.