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Chainlink LINK Whales Scoop Up 54M Tokens as Symmetrical Triangle Breakout Looms

Chainlink LINK Whales Scoop Up 54M Tokens as Symmetrical Triangle Breakout Looms

Author:

Global Cryptocurrency

Published:

2025-10-22 09:22:32

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Chainlink LINK News -

Chainlink's native token LINK has rebounded from the $16 support level—a historically strong reversal zone. Blockchain data shows whales accumulated 54.47 million LINK NEAR this price, confirming robust demand. This accumulation mirrors past whale activity preceding local trend reversals.

Exchange outflows hit $16.57 million on October 21, indicating reduced selling pressure. LINK is now trading within a multi-year symmetrical triangle pattern. Technical analysts identify $27 as a December price target if the token clears immediate resistance at $19.95. The pattern's resolution will likely determine LINK's next macro trend.

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