Chainlink (LINK) On-chain Data Signals Bull Run Ahead
Chainlink Shows Robust Support The on-chain data reveals that as long as Chainlink maintains its position above this support level, a strong bullish sentiment prevails. This sentiment is further reinforced by the absence of significant resistance barriers on the immediate horizon. LINK is trading at $7.45, at the time of reporting, with more than a 4% increase in the last 7 days. advertisement Notably, prominent LINK whales have been actively increasing their holdings. Over the past two weeks alone, these whales have acquired around 13 million $LINK, totaling approximately $91 million. While this accumulation pattern is promising for LINK holders, traders anticipating a breakout might need to exercise patience. Recent on-chain data indicates a decline in network activity over the past three weeks, including a decrease in the number of large transactions. Recommended Articles ...