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Chainlink whales accumulate 77 million USD in response to price adjustment

Chainlink’s price fell 29.89% to 21 USD, but whales sense potential. They accumulated 3.58 million LINK (76.9 million USD) in three days, signaling confidence in a recovery. This activity indicates LINK is undervalued, and further increases are likely as support forms above 17.65 USD.

Analysts use Elliott Wave Theory to identify potential growth. LINK must break resistance at 25.10 USD and 28.30 USD to rise to 69 USD. Investors eye this as a tactical opportunity amidst a broader market slump, reflecting strategic maneuvers amid volatile market conditions.

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