Chainlink is another of the cryptocurrencies that whales are buying, thanks to the broad participation of investors. In the last 24 hours, whales added about 64,674 LINK (almost 1.69 million dollars), raising their stock to 5.64 million.
Exchange balances have fallen by 0.6%, indicating retail accumulation along with whale activity, while smart cryptocurrencies and major addresses have also increased their exposure. Balances were reduced by approximately 1.59 million LINK, equivalent to about 41.6 million dollars at the current price of 26.02 dollars.
Regarding the price, LINK has risen nearly 70% in the last three months and maintains an upward trend. The token is currently testing the Fibonacci retracement of 0.618 at $26.76, widely considered a strong resistance. If that level is broken, LINK could rise to $30, and it is likely that whales have an extension target in sight at $35.52.
It is important to highlight that the bullish-bearish power indicator has remained green for 17 consecutive sessions, confirming a steady bullish momentum that is not often seen in recent rallies.