Chainlink LINK Whales Amass $97M as $95 Price Target Looms

Chainlink (LINK) maintains stability at $21.70, bolstered by bullish signals including whale accumulation and declining exchange supply. Analysts indicate that surpassing the $24 resistance level may spark a surge toward $95, backed by a symmetrical triangle pattern developing since 2021.

On-chain metrics show the chainlink Reserve has acquired 65,550 LINK ($1.4M) at an average price of $16.83, echoing corporate Bitcoin treasury tactics. This accumulation tightens available supply, a historical indicator of potential price rallies when demand persists.

Market Optimism is further fueled by regulatory advancements, such as Trump's executive order endorsing crypto in 401(k) plans. This development could accelerate broader market momentum, with LINK's next resistance zone identified at $24-$26.