Chainlink Whales Accumulate as Analysts Predict Potential 1000% Price Surge

Chainlink (#LINK) Whale Activity and Market Outlook

Whales are accumulating Chainlink as the price dips below $13, recovering from a previous selloff.
The current LINK price is $12.65, with a market cap of $8.95 billion; daily trading volume has decreased by 45%.
Santiment reports retail traders are selling due to impatience and fear, while large holders increase their positions.
Big players are positioning themselves before the introduction of Chainlink futures by CME Group on February 9, which may boost trading activity.

Technical Analysis and Price Predictions

Analysts remain optimistic about LINK, highlighting its multi-year support zone and potential for a bullish reversal.
A breakout and retest have been confirmed, with an accumulation range between $10 and $7.
The price is currently above the 0.618 Fibonacci level ($9.88), indicating potential upward momentum.
Resistance levels are identified at $25 to $31, with further targets at $31, $52, and $100 if bullish conditions continue.
The bullish structure holds as long as the price remains above the 0.5 to 0.786 Fibonacci zone.

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