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Crypto

Chainlink Price Eyes $10 as Whale Buying Continues

Guavy AI Editorial Team
Instruments
LINK
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Chainlink's (LINK) price is testing a key resistance level after holding strong support for months.

The Chainlink Reserve added over 706,000 LINK in July, raising total holdings above 5.21 million.

A whale bought another 163,494 LINK, bringing its total holdings to 2.413 million LINK.

Market analyst CryptoTheBossX notes that the price has now reached a point where a long-term falling trendline meets a strong support area.

This level is crucial as it marks the first clear sign of a market change after months of lower prices.

If buyers can break above the trendline, LINK price could have room to move higher towards $10.

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