LINK Whales Buy 1.4 Million Tokens, Chainlink’s 20% Rally Ahead?
Chainlink's native token, LINK, appears to be getting attention from crypto enthusiasts as its price shows signs of recovery following a major decline in December 2024. January 5, 2025 A famous crypto expert posted a whale on X (formerly Twitter). Over 1.40 million LINK tokens have been purchased in the last four days.
Whales buy 1.40 million Link tokens
In the year As the market approaches the presidential inauguration, which is expected to be one of the most significant game-changing events for the crypto industry in 2025, these well-known purchases by Wallace show confidence and interest.
Furthermore, this inventory shows that whales are positioning themselves for 2025 by ensuring that they do not miss any significant flipping activity. However, it has been observed that this significant acquisition has resulted in a 22% price rally over the same period and continues to rise.
LINK technical analysis and upcoming levels
According to CoinPedia's technical analysis, LINK seems to be consolidating in a tight range between $23 and $24 and is poised for trouble. Since early 2025, LINK has strengthened twice on the four-hour time frame before showing upward momentum.
Experts and analysts are predicting an inverted rally similar to the one seen in the last four days. Based on the recent price action, there is a good chance that LINK could rise by 20% to reach the $29 mark in the coming days.
On a positive note, the altcoin breached the 200 Exponential Moving Average (EMA) on the four-hour time frame and closed a candle above it, indicating a potential upside.
Current price momentum
Currently, LINK is trading at around $23.40 and has moved 1.20% in the last 24 hours. However, during the same period, the trading volume decreased by 33.40%, which shows that the participation of traders and investors decreased compared to the previous day.
