The Chainlink (LINK) market is lively as the asset rebounds alongside its peers. Currently trading at $12.84, LINK has seen a 2% rise over the past 24 hours, though it remains 75% below its all-time high of $52.88 set three years ago in May. With bullish sentiment prevailing, the community anticipates a promising week ahead.
Changelly anticipates an upward trajectory for the asset this month. LINK is poised to trend higher in the upcoming days, potentially reaching around $14.92 by July 15, marking a 12.43% increase. However, several challenges loom, including network upgrades, regulatory shifts, and market sentiment fluctuations.
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Chainlink whales have made waves, amassing significant quantities of LINK during the asset’s recent decline. Earlier today, well-known market researcher Ali Martinez reported that whales scooped up 6.2 million LINK last week.
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Chainlink Sees Major Whale Accumulation
Moreover, Data from Ali Martinez shows that in the past seven days, Chainlink whales have bought about 6.2 million LINK, worth $76.88 million. This accumulation appears driven by a buy-the-dip strategy as the price fell. Regular market sentiment suggests hope for the cryptocurrency, indicating that major investors believe in its continued rise. Although the asset is trading at a notable low now, changes seem to be on the horizon for the altcoin.
The community observes closely. Whale activity signals potential in LINK, their confidence hinting at a possible turning point. The market waits anxiously: will LINK fulfill its predicted rise? The answer awaits in the days ahead.
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Furthermore, the author’s views are for reference only and shall not constitute investment advice. Before purchasing, please ensure you fully understand and assess the products and associated risks.
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