Chainlink Holder Count Surges Amid Wyckoff Accumulation Pattern

Chainlink's (LINK) record holder count has reached an all-time high of approximately 3.96 million unique addresses, while its price remains more than 83% below its May 2021 peak of around $53.

This divergence, where the number of holders increases during a prolonged price correction, is often seen as a bullish signal in the crypto market.

According to analyst Ali Charts, who shared on-chain data via Santiment, Chainlink has been building a Wyckoff Accumulation structure within the $7.01-$10.86 range.

The weekly chart of LINK shows a classic Wyckoff Accumulation pattern, which is often used by analysts to predict a potential price increase.