◉ The price of LINK continues to hover near a sensitive support area around the level of 12, amidst limited volatility and clear price pressure. Despite this apparent calm, deep market movements indicate noticeable activity from major wallets, opening the door to significant upcoming scenarios.
◈ Smart accumulation behind the scenes
✦ In recent weeks, there has been a noticeable increase in holdings by larger wallets, as tens of millions of LINK tokens were accumulated during a relative price decline.
✦ This behavior typically reflects long-term conviction, as large investors tend to reinforce their positions when risks are limited compared to potential returns.
✦ Although this accumulation does not necessarily imply an immediate rise, it indicates increasing confidence forming quietly away from the noise.
◈ A critical retest after a technical breakout
▣ LINK successfully surpassed a long-standing bearish technical pattern before returning to test a pivotal area ranging between 12 and 12.3.
▣ This area is not random; it represents the convergence of previous support with resistance that has turned into a pivot base.
▣ Stability above it maintains the integrity of the breakout, while breaking it may push the price toward a lower liquidity range near 11.5.
◈ Potential targets in case of resilience
▲ If the price manages to defend this level, the 14.7 area emerges as the first obstacle, followed by a wider range near 18.8.
▲ Conversely, momentum indicators show a state of consolidation; the relative strength index stabilizes around medium levels, reflecting a reduction in selling pressure without a strong return to buying.
◈ Immediate demand absorbs offers
◎ Trading data indicates that buyers in the spot market continue to absorb sell orders, reflecting genuine demand not based on leverage.
◎ This behavior is often seen in accumulation phases, where positions are built quietly without price surges.
◎ The presence of this demand reduces the chances of a sharp decline, giving the current support a stronger structural character.
◈ The mood of major traders leans towards positivity
✧ The positions of major traders show a clear inclination to buy compared to selling, reflecting cautious confidence after the recent technical breakout.
✧ Although the dominance of long positions may increase volatility, its timing after the breakout rather than during the decline gives it a more mature significance.
✧ The convergence of this behavior with strong immediate demand reduces the purely speculative nature.
◈ Liquidity signals a strong movement
⚡ Clear pockets of liquidity are gathering above and below the current price, especially near 12.6 and then 13.2.
⚡ Prices are often drawn to these areas, potentially resulting in quick and sharp movements.
⚡ The presence of liquidity on both sides means that the volatility phase may soon turn into a one-sided price expansion.
◈ Summary ◈
✦ Several positive signals around LINK intersect: continuous accumulation from whales, solid immediate demand, and increasing confidence from traders after an important technical breakout.
✦ The fundamental condition remains to maintain the 12 area as a strong support.
✦ As long as this level holds, recovery opportunities remain; losing it may delay the positive scenario without completely canceling it.
✦ The market calms down… but what forms beneath may be bigger than it seems ◈
