LINKUSDT

Perp

12.18

-1.32%

Whale movements boost optimism for an upward trend in Chainlink

Chainlink is witnessing significant activity from large investors with the withdrawal of 734,000 LINK from trading platforms, reducing the supply to its lowest level since 2020 and decreasing selling pressure. Concurrently, positive inflows into Chainlink exchange-traded funds have continued, confirming institutional interest despite the price moving sideways around $12–$12.5.

Technically, LINK remains within a long-term ascending channel with the potential to target $46 if the patterns of previous cycles repeat.