LINK, Chainlink’s native token, is gaining traders’ attention despite ongoing market uncertainty. This is due to the continuous accumulation by whales in recent days and the bullish price action forming on LINK’s chart.
DEX Trader Buy $1 Million Worth LINK
Recently, blockchain-based transaction tracker iCrypto posted on X (formerly Twitter) that smart DEX traders have begun reaccumulating LINK amid ongoing consolidation. According to the post, wallet address 0xbb90 purchased 53.2K LINK tokens worth $1.01 million in the past 24 hours.
Historical data shows that this trendline has a strong bullish history of price reversals, whenever the asset’s price falls to this level, it tends to gain upside momentum, hinting at a potential rebound.
In addition to this bullish pattern, if LINK holds above the ascending trendline, there is a strong possibility it could soar by 17% to reach the $22 level in the future.
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