Current status of Chainlink (LINK):
The price of LINK has dropped 11% from a peak of 24.74$ to around $22.32.
Despite the decline, whale activity (transactions over $100,000) has risen to the highest level in 7 months (992 transactions in a single day).
This accumulation by large investors indicates increasing confidence in the currency.
Additionally, the number of daily active addresses has increased by 55% since the beginning of August, reflecting greater network usage and broader trading.
Positive scenario: If LINK maintains support at $22.21, it may trend towards $25.55.
Negative scenario: If it breaks support, it could drop to $19.51.
📌 Summary: Despite price volatility, the increase in whale activity and active addresses indicates strong interest and readiness for a potential new rise.
Cryptonews
