The post Chainlink Surges After Whales Accumulate 4.73M LINK appeared on BitcoinEthereumNews.com. Key Insights: Whales added 4.73M LINK within 48 hours, signaling renewed accumulation during Chainlink’s market recovery. Chainlink reached key wave resistance levels while maintaining support between $13.22 and $13.92. Open interest climbed to $596M, showing traders returned after earlier leverage reduction across futures markets. Chainlink Surges After Whales Accumulate 4.73M LINK in Two Days Large Chainlink holders bought 4.73 million LINK within 48 hours, according to data shared by analyst Ali. Wallets holding 100,000 to 1,000,000 LINK increased their balances after cutting positions through most of November. The chart shows whale holdings jumping from about 159 million LINK to a higher range during the latest move. This increase came as LINK traded near the $12 area, where it had spent several days under pressure. The rebound followed soon after. LINK moved from the $12–$13 zone toward $14.35, matching the spike in whale demand. Ali noted that whales “bought weakness rather than strength,” raising questions about renewed interest at lower prices. Large holders have shown similar behavior in past periods when price formed local lows. Next Resistance Levels Appear on Wave Pattern More Crypto Online reported that wave (c) is forming as an impulse on the short-term chart. LINK already reached the 138% Fibonacci level at $14.59, which acted as the first resistance zone. The next resistance lines stand at $15.15 and $15.75, based on the wave structure mapped out in the analysis. The support zone for a possible wave 4 pullback sits between $13.22 and $13.92. This band covers the 23.6%, 38.2%, and 50% retracement levels of the latest leg. The wave count stays valid while LINK trades above this area, which has acted as a short-term floor. Source: More Crypto Online/X Price and Activity Improve Across the Market LINK traded near $14.39 and recorded $1.23 billion in 24-hour volume.… The post Chainlink Surges After Whales Accumulate 4.73M LINK appeared on BitcoinEthereumNews.com. Key Insights: Whales added 4.73M LINK within 48 hours, signaling renewed accumulation during Chainlink’s market recovery. Chainlink reached key wave resistance levels while maintaining support between $13.22 and $13.92. Open interest climbed to $596M, showing traders returned after earlier leverage reduction across futures markets. Chainlink Surges After Whales Accumulate 4.73M LINK in Two Days Large Chainlink holders bought 4.73 million LINK within 48 hours, according to data shared by analyst Ali. Wallets holding 100,000 to 1,000,000 LINK increased their balances after cutting positions through most of November. The chart shows whale holdings jumping from about 159 million LINK to a higher range during the latest move. This increase came as LINK traded near the $12 area, where it had spent several days under pressure. The rebound followed soon after. LINK moved from the $12–$13 zone toward $14.35, matching the spike in whale demand. Ali noted that whales “bought weakness rather than strength,” raising questions about renewed interest at lower prices. Large holders have shown similar behavior in past periods when price formed local lows. Next Resistance Levels Appear on Wave Pattern More Crypto Online reported that wave (c) is forming as an impulse on the short-term chart. LINK already reached the 138% Fibonacci level at $14.59, which acted as the first resistance zone. The next resistance lines stand at $15.15 and $15.75, based on the wave structure mapped out in the analysis. The support zone for a possible wave 4 pullback sits between $13.22 and $13.92. This band covers the 23.6%, 38.2%, and 50% retracement levels of the latest leg. The wave count stays valid while LINK trades above this area, which has acted as a short-term floor. Source: More Crypto Online/X Price and Activity Improve Across the Market LINK traded near $14.39 and recorded $1.23 billion in 24-hour volume.…

Chainlink Surges After Whales Accumulate 4.73M LINK

Key Insights:

  • Whales added 4.73M LINK within 48 hours, signaling renewed accumulation during Chainlink’s market recovery.
  • Chainlink reached key wave resistance levels while maintaining support between $13.22 and $13.92.
  • Open interest climbed to $596M, showing traders returned after earlier leverage reduction across futures markets.
Chainlink Surges After Whales Accumulate 4.73M LINK in Two Days

Large Chainlink holders bought 4.73 million LINK within 48 hours, according to data shared by analyst Ali. Wallets holding 100,000 to 1,000,000 LINK increased their balances after cutting positions through most of November.

The chart shows whale holdings jumping from about 159 million LINK to a higher range during the latest move. This increase came as LINK traded near the $12 area, where it had spent several days under pressure.

The rebound followed soon after. LINK moved from the $12–$13 zone toward $14.35, matching the spike in whale demand. Ali noted that whales “bought weakness rather than strength,” raising questions about renewed interest at lower prices.

Large holders have shown similar behavior in past periods when price formed local lows.

Next Resistance Levels Appear on Wave Pattern

More Crypto Online reported that wave (c) is forming as an impulse on the short-term chart. LINK already reached the 138% Fibonacci level at $14.59, which acted as the first resistance zone.

The next resistance lines stand at $15.15 and $15.75, based on the wave structure mapped out in the analysis.

The support zone for a possible wave 4 pullback sits between $13.22 and $13.92. This band covers the 23.6%, 38.2%, and 50% retracement levels of the latest leg.

The wave count stays valid while LINK trades above this area, which has acted as a short-term floor.

Source: More Crypto Online/X

Price and Activity Improve Across the Market

LINK traded near $14.39 and recorded $1.23 billion in 24-hour volume. The price rose 7.8% over the last day and 6.9% during the past week.

The move reflects stronger activity after a period of tight trading and lower momentum.

Open interest also increased. Current open interest stands at $596.58 million, placing it near the middle of its yearly range.

Earlier this year, open interest moved above $1.8 billion, but it fell sharply as traders reduced leverage. The recent rise shows new positions returning after LINK lifted from its monthly low.

Market Focus Turns to Whale Behavior

Chainlink traded above key support zones while whale activity expands. The recent increase in large-wallet inflows, the wave setup, and the steady rise in open interest show a market adjusting to heavier participation as LINK moves away from its recent base.

DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Source: https://coincu.com/analysis/chainlink-surges-after-whales-accumulate/

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