Chainlink Whales Purchase 1.10 Million LINK Worth $19 Million
Chainlink (LINK) Overview
- Chainlink is currently ranked 11th by market cap, trading at $17.51, down 9% in the past day and 66.86% from its all-time high.
- Despite recent price drops, Chainlink leads as the top Real World Assets (RWA) protocol, followed by Synthetix and Dusk Found.
- Whales purchased 1.10 million LINK worth approximately $19 million in the last 24 hours, indicating bullish sentiment.
- Charles Hoskinson expressed optimism about Chainlink, suggesting potential integration with his blockchain to enhance oracle capabilities.
Price Analysis
- Current price near lower Bollinger Band at $15.72 may signal support; upper band resistance around $23.93.
- MACD shows a close proximity of MACD and signal lines, indicating market uncertainty.
- RSI is at 36.25, showing strong bearish pressure; a move above 50 could suggest a short-term reversal.
- If key support levels hold, LINK might regain momentum towards the $20-$25 range, with major resistance at 20-day EMA of $19.75.
