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Whales Snap Up $188M in LINK as Chainlink Price Breaks Higher
Chainlink’s LINK token surged 3% to $18.80 on Monday amid fresh whale accumulation following October’s market rout.
Blockchain data shows nearly 10 million LINK — worth about $188 million — were withdrawn from Binance in recent weeks, signaling renewed investor confidence.
LINK broke above $18.70 resistance, forming a series of higher lows that support a bullish near-term outlook. However, trading volume remains below the weekly average, suggesting that broader market conviction has yet to return.
Analysts highlight $18.20 as key support and $20.00 as the next upside target, with whales’ steady buying offering a constructive backdrop for continued recovery.
