LINK (Chainlink) — whale activity and readiness for upward breakout
Current price: around $22.30
What is happening now?
1️⃣ Upward momentum supported by whales
Whales have accumulated over 8 million LINK (worth about $97 million) during August, showing strong conviction and reducing circulating supply.
Several large buy orders have been observed, including: 59,560 LINK (~$1.34 million) and 44,846 LINK (~$1 million), indicating strategic accumulation.
2️⃣ Technical indication
The resistance level at $21 has been broken, which is an important technical level, reinforced by whale money flow and increasing interest in Chainlink's role as a data provider in DeFi.
Candle behavior — key observations
Long lower wicks: appeared near $21–22 levels, reflecting buyer entry and absorption of selling pressure.
Small candle bodies in the consolidation zone: indicate a quiet accumulation period by whales without causing strong volatility.
Breakout candles on high trading volume: signal strong upward momentum often supported by smart money.
Proposed trading plan — LINK/USDT
Entry zone: $22.30 – $22.50
Stop loss: below $21.90 (trade invalidation zone)
Profit targets:
🎯 Target one: $23.00
🎯 Target two: $24.20
🎯 Target three: $25.50+
Risk/Reward ratio: very good especially if trading volume confirms the breakout.
Why is this important?
Whales are accumulating LINK while the supply is shrinking, creating an ideal environment for upward breakouts.
Candle structure with strong support below the price = high probability of continued upward movement if supported by liquidity.
