Chainlink price rise pushed LINK far above the rest of the major altcoins in less than a month. The cryptocurrency has come closer to recovering its l
Chainlink price is holding above $7.5 after rising by 40% in the second half of September. Addresses holding between 10k to 100k LINK have purchased over $37 million worth of tokens in the past seven days. Whale activity has seen a bump in the last few days, with transactions hitting a three-month high. osses since July. Interestingly, a particular cohort had a lot to do in calling the shots of the altcoin’s movement since November 2022.
-day chart However, on the off chance that LINK breaks down from $7.4, it could slip to $6.9, which also marks the confluence of the 50-day Exponential Moving Average . Losing this support line would invalidate the bullish thesis and send Chainlink price to $6.38. Whales would support a recovery The reason why there is a bleak chance of a decline going forward is the activity noted among certain cohorts of investors.
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