The whales of Chainlink (LINK), which have been active for 14 months now, are showing their most intense activity. This could be a sign that the price will move dramatically. The number of large transactions has increased dramatically, reaching a level not seen for over a month, suggesting whales are making movers. The on-chain analysis platform suggests that whales are making moves. SantimentThe whale transaction volume of 1,659 per day is the highest since 2023. It is the highest number of wallets in 4 weeks.
In a 24 hour period, Chainlink recorded 1,659 transactions worth over $100,000 LINK, the highest since December 6, 2023. Total 9,531 active links is the highest since December 11, 2024. Investors remain largely bullish about LINK. Several analysts have noted indicators that a rally is coming.
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Chainlink’s LINK fell by almost 20% over the past seven days. Whales and small investors can take advantage of this dip to purchase the dip. LINK consolidates between its MA 50 daily and MA 200 at $15.88 and $22.76 respectively. LINK could rise if this move is triggered.
Platform for crypto price predictions CoinCodex LINK has big hopes in the month of February. In fact, the analysts project the asset’s price to rise 27% over its current level, reaching a new monthly high. But that could be just the start. Analysts expect the token to reach $41 in a matter of a month if it can surpass the $25 level. It would reach $48 in may if the bullish trend continues. This would represent a high of 2025, and a jump of 88% over its current price.
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Source: watcher.guru
