🔥 Chainlink: The Calm Before the Surge?
Chainlink ($LINK) is quietly building a bullish case – and smart money is taking notice. 🚀 Massive withdrawals from Binance, exceeding 329k LINK to new wallets, combined with the Chainlink Reserve adding another 90k LINK (now over 1.32M LINK!), are drastically reducing exchange supply. This isn't just movement; it's deliberate accumulation.
The price hasn't exploded yet? That's the signal. It means this isn't hype-driven speculation, but strategic positioning. Reduced exchange balances mean less selling pressure, and tightening supply always favors the bulls.
Currently, $LINK is consolidating between $11.75 support and a key $14.65 resistance. But here’s what’s different: buy-side absorption is persistent, even under that resistance. Spot taker CVD is firmly positive, showing consistent buying, and short liquidations are massively outweighing longs ($59.46k vs $10.55k!). This confirms sellers are feeling the squeeze.
Break above $14.65? Expect a rapid move towards $16.66, and ultimately, a reclaim of the $20 level. As long as $11.75 holds, the downside is capped. Don't sleep on this one – the setup is primed for a breakout. ⏳
#Chainlink #LINK #Crypto #Altcoins 💎
