Chainlink Bulls Eye 30% Rally as Whale Activity Surges and MVRV Ratio Crosses SMA

Chainlink (LINK) is showing signs of a potential trend reversal. Three bullish signals have emerged, including a surge in whale activity and a golden cross on the MVRV ratio.

The number of large-value transactions across the Chainlink network has increased significantly, with transactions exceeding $1 million jumping from 1 to around 15 over the past 96 hours.

This increase in whale activity is happening as LINK attempts to build a base around the $7, $9 region. If the price can break above this resistance level, it could trigger a 30% rally.

The MVRV ratio has formed a golden cross against its 200-day SMA for the first time in more than a year, which historically precedes powerful rallies in LINK.

Additionally, the monthly TD Sequential has flashed a buy signal, suggesting that Chainlink could be entering a macro reversal phase.