LINK is recognized as a strong asset during market recovery due to its solid fundamentals, despite facing a 34.5% drop recently. Historical data suggests a possible 40% rebound in its price.
Whale activity around LINK has escalated, with supply reaching 611.3 million LINK, an 8-month high. This increased buying indicates strong investor confidence which could support a price recovery.
The broader cryptocurrency market must recover for LINK to regain its previous highs. Current support exists at 17 to 19 USD, marking a crucial threshold for potential upward movement towards 30 USD.