Chainlink price prediction: LINK could jump 35% as whale buys $2 million at key leve;
The post Chainlink price prediction: LINK could jump 35% as whale buys $2 million at key leve; appeared on BitcoinEthereumNews.com.
LINK is trading at $12.53, down 7.28% in 24 hours. LINK could surge 35% if it breaks $15.68 resistance. MVRV Z-score at 3.09 suggests a bullish accumulation zone. Chainlink (LINK) is trading at a critical level as market data points to heightened volatility and investor activity. The token, now priced at $12.76, has dropped 7.28% in the last 24 hours. Source: CoinMarketCap However, technical indicators and whale accumulation suggest the possibility of a significant move. A major investor recently bought nearly 140,000 LINK for $2 million at $14.30, signalling major interest. Meanwhile, LINK is forming a symmetrical triangle and descending wedge patterns typically associated with breakouts. If the price clears resistance at $15.68, it could rally 35% to $18.18. Whale activity and resistance levels A large holder recently acquired 139,860 LINK at an average price of $14.30, increasing their total holdings to 147,553 LINK. This investor previously profited $161,000 from earlier LINK trades, suggesting a pattern of well-timed entries. These high-volume transactions often signal market optimism and precede price rallies. LINK is currently facing resistance at the whale’s entry level of $14.30, and $15.68 remains a key level for bulls. A break above this could trigger a 35% rise, reaching a price target of $18.18. On the downside, if LINK fails to hold support at $12.57, it could dip toward $11.50. Chart setup and volatility signals LINK’s price structure is compressing within a symmetrical triangle and descending wedge, commonly known as a megaphone pattern. This setup usually precedes large price moves, with increased volatility and potential breakouts in either direction. At current levels, LINK is navigating a narrow range that has historically led to high-impact swings. If the price breaches $15.68, traders could see a quick move toward the $18.00 mark. This would likely be fueled by short-covering and retail…
Filed under: News - @ April 4, 2025 11:24 am