BEARISH 📉 : CryptoQuant reports Chainlink whales exit as price stays below $10
CryptoQuant flags a whale exit in Chainlink. Price sits below $10.
Chainlink whale count keeps falling. Month over month, readings stay negative. The drop lasts several months. Source: CryptoQuant.
Large holders aren’t buying dips. Discounts aren’t pulling them back. Whale flows often anchor recoveries. Context: role of whales.
The report’s view is clear. Until MoM whale growth turns positive, structure stays weak. CryptoQuant.
Trend stays down on weekly. Rallies fail at key averages. Price action stabilizes near $9. LINK briefly dipped below $8. The 50-week MA slopes down.
Volume spikes on selloffs. Accumulation looks weaker. RSI sits near neutral. No firm bullish divergence.
Key levels to watch:
- $11–$12 needs reclaim
- $13 resistance must clear
- 100–200W MAs cap at $13–$16
- $9 base holds for now
