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Chainlink Price Tests Resistance Ahead of $10 Milestone

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LINK
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Chainlink's price is currently testing an important resistance level after months of holding strong support.

The Chainlink Reserve has added over 706,000 LINK tokens to its holdings, bringing the total above 5.21 million.

A large investor, known as whale wallet 0xFeB, bought another 163,494 LINK tokens, worth around $1.37 million, and now holds a total of 2.413 million LINK tokens, valued at approximately $20.15 million.

The market is closely watching the Chainlink price as it approaches the $10 mark, with some traders believing that breaking above the trendline could signal a larger move for the token.

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