Chainlink (LINK), one of the most talked about cryptocurrencies of recent weeks, stands out with the demand of large investors.
A whale, which attracted attention with its recent LINK purchases, purchased 575,632 LINK ($4.2 million) after the BTC price dropped to $27,250. This wallet belonging to the whale has accumulated a total of 7.66 million LINK ($56 million) on Binance since September 19. Which price levels are important in LINK, which is on the agenda with short-term upward movements and whale activities?
The institution with 81 fresh wallets accumulated $575,632 $LINK ($4.2M) again after the $LINK price dropped today.
And the institution has accumulated a total of 7.66M $LINK ($56M) from #Binance since Sept 19.
Details: https://t.co/hSdkoncNgZhttps://t.co/dtqUHhsFkp pic.twitter.com/ETOvqeqRVS
— Lookonchain (@lookonchain) October 10, 2023
The popular coin, which exploded from $ 6 and reached $ 8.28, weakened before it could clearly touch the resistance level. LINK, which lost the momentum it gained after BTC dropped to $ 27,260, is currently finding buyers at $ 7,374. The resistance points that must be broken in order for the upward movements on the LINK side to continue are 7.81 – 8.50 – 8.79 and 9.27 dollars, respectively.
If the decline scenario continues, sales-oriented transactions may evolve into a more voluminous dimension. Currently, the $6.84 region is of decisive importance. With the loss of this region, the support levels to be monitored are $6.45 – $6 and $5.40, respectively.
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