Chainlink Whales Load Up on $120M Worth of LINK Amid Price Correction

Chainlink (LINK) has seen significant accumulation by whales after a recent price correction. Over the past 96 hours, large entities have purchased approximately 10.36 million LINK tokens valued at around $120 million.

This buying spree occurred during a period of weakness for Chainlink, with prices dropping from $13.68 to $11.29 before rebounding slightly.

According to analyst Ali Charts, this pattern of large-scale accumulation following significant price corrections typically signals that major players are establishing positions ahead of potential upward movement.

The recent 35% surge in Chainlink's price has positioned the token for a potential move towards $15. Breaking through the current resistance level at $12 could trigger a rally toward $13.30, and ultimately $15, representing approximately 29% upside from current pricing.