Chainlink’s price has surged 18% over the past three days, propelled by retesting a pivotal support around 19 USD. This rebound suggests a significant strength in the asset despite market volatility, leading to heightened interest from investors. Whales have accumulated over 1.40 million LINK tokens, signaling potential for further price rallies.

Exchange outflows for LINK have decreased, pointing to reduced sell-offs and positive market sentiment. While the Long/Short Ratio appears bearish, the reduction in short positions signals profit-taking rather than panic. Whale accumulation hints at long-term bullish expectations, potentially indicating further price increases for LINK.