Crypto
Chainlink Breaks Above $9, Whale Accumulation Drives Price Higher
Chainlink's (LINK) price has broken out of its consolidation structure that formed since June, pushing above $9.04 and trading at around $9.45.
This breakout comes as on-chain activity among large holders increases, with a Santiment report showing 246 whale transactions worth more than $100,000, the highest level seen since March.
The next challenge for LINK is to sustain its move above $9.04 and push toward the $9.97 and $10 levels.
With momentum indicators strengthening, buyers are focused on pushing LINK toward these targets, but a short-term pullback or consolidation cannot be ruled out due to the RSI being above 70.