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Neela
@neela
Chainlink ‘Ready To Breakout’: Analyst Eyes $50 Target Amid Whale Accumulation Chainlink (LINK) surged 9% to reclaim $23, marking a 27% rise from its Monday low amid a market recovery. Whales have accumulated 1.35 million LINK since January 14, worth $31 million, following previous purchases of 3.58 million tokens in December. Analysts predict a bullish breakout, with Altcoin Sherpa expecting a “V shape reverse” and Ali Martinez noting strong buying pressure. LINK broke past a bull pennant upper trendline, targeting $50. Analyst Jelle highlighted that LINK turned the $18-20 resistance into support, a key level linked to past ATHs. Currently, LINK trades at $23.56, a 6% daily increase.
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