Chainlink Whales Accumulate Over 2.5M Tokens Amid Resistance

Large holders of Chainlink (LINK) have continued to accumulate tokens without slowing down. According to analyst Ali Charts, whales bought more than 2.50 million LINK over the past 10 days. This buying interest is significant, but it does not confirm that a lasting rally will follow.

The accumulation took place while LINK faced overhead resistance at $16 and $17.70. These levels have acted as resistance in the past when the price returned to them. A move through these levels would change the technical picture of the token.

Analyst Giannis Andreou has identified a large W pattern on LINK's higher timeframe, which could support a move toward $52. However, this view focuses on the broader trend rather than daily price swings.