362,380 LINK move in 48 hours: Here’s what Chainlink whales are up to – BitRss

• Whale accumulation and technical indicators suggest LINK could rebound from its critical $21 support.
• Rising transactions, active addresses, and falling reserves reinforce confidence in LINK’s bullish potential.

Chainlink [LINK] is making waves in the crypto market, with nine fresh wallets withdrawing 362,380 LINK worth $8.19 millio from Binance in just 48 hours. This significant whale activity highlights growing interest in LINK’s potential, sparking speculation about a price breakout.

 At press time, Chainlink was trading at $21.87, reflecting a 4.62% drop in the past 24 hours. However, these movements hint at an impending shift in momentum that could reshape its trajectory.

Key resistance level could define LINK’s next move

The technical analysis shows Chainlink facing a critical moment. After surging to $32 in November, LINK retraced to its current level near $21, sitting at a significant support zone. This level holds the potential to serve as a launchpad for another bullish attempt toward $32. 

However, if it fails to sustain, Chainlink could fall further, testing lower support levels. Therefore, traders should closely monitor these price levels as they define LINK’s immediate outlook.