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Chainlink Breakout Imminent Whale Accumulation

Chainlink Surges Amid Whale Accumulation and Market Recovery

  • Chainlink (LINK) surged 9% in one day, reaching $23 for the first time in ten days.
  • The cryptocurrency rallied 200% in a month during the post-election market pump.
  • Large-scale investors purchased 1.35 million LINK, valued at $31 million, since January 14.
  • In late December, whales acquired approximately 3.58 million LINK tokens worth $77 million.
  • LINK turned the $18-20 resistance zone into support after recent market corrections.

Chainlink’s price increase to $23.56 marks a significant recovery driven by whale accumulation and market trends, with analysts eyeing further potential gains.

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