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$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.