Chainlink Price Jumps Past $15 As Whale Accumulation Signals Strength – Crypto News – Crypto News
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Chainlink Price Jumps Past $15 As Whale Accumulation Signals Strength – Crypto News

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Chainlink Price Jumps Past $15 As Whale Accumulation Signals Strength

Chainlink (LINK) price has rebounded to $15 after a brief pullback, supported by increased whale accumulation. The crypto market saw a slight recovery today, contributing to LINK’s rise. Previously, the price had dropped below $13 before bouncing back. Meanwhile, discussions around crypto regulations are gaining attention, especially with Trump’s upcoming White House Crypto Summit, adding speculation to the market’s movements.

Chainlink Price Rebounds to $15 as Whale Holdings Hit $2.93B

Chainlink price rebounded after falling to $13.18 during a broader market downturn. The asset later surged to $15.25, showing strong trading activity and heightened volatility. This price movement reflects a renewed interest in Chainlink after the decline.

A key development is the sustained accumulation by the top five wallets. These addresses now control 18.15% of the total LINK supply, holding assets worth $2.93 billion. Their growing balance suggests confidence in Chainlink’s long-term potential, influencing market sentiment.

Large-scale accumulation often reduces available supply on exchanges, creating upward pressure on price. If buying demand increases while fewer tokens remain for trading, LINK’s value could continue rising. This shows that wallet accumulation can precede bullish trends.

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LINK Price Gains Market Attention Ahead of Trump’s Crypto Summit

Donald Trump is set to host the first White House Crypto Summit on March 7, drawing attention to key industry leaders. Reports suggest over 25 participants will attend, including the Presidential Working Group on Digital Assets.

Fox Business’ Eleanor Terrett confirmed that 11 crypto executives and two White House representatives have confirmed their presence. Chainlink founder Sergey Nazarov is among the expected attendees.

Market optimism for LINK is rising as speculation grows about potential discussions on blockchain adoption. If Chainlink gains attention, its price could see an upward movement. The summit could signal a shift in US crypto policy.

Chainlink Price Eye 80% Amid Bullish Trend

The Chainlink price shows a strong recovery after an extended downtrend, signaling bullish momentum. The LINK price is trading at $16.31, with 15% in the past 24-hours.

Key resistance levels are $18 and $20, while the support level is at $15 and 10.

The Relative Strength Index (RSI) is at 60, reflecting growing buying pressure. The Chaikin Money Flow (CMF) stands at 0.01, indicating marginal capital inflows. 

If the Chainlink price prediction maintains momentum, the next resistance level is $25.00. A break above this level could drive prices toward $30.00. A potential breakout could lead to an 80% surge, pushing prices toward the upper target range.

However, failure to sustain above $15.00 may invalidate the bullish scenario, leading to renewed selling pressure.

To sum up, the Chainlink price rebound highlights strong market demand and whale accumulation. As LINK maintains momentum, upcoming events, including Trump’s crypto summit, could further shape its trajectory.

The post Chainlink Price Jumps Past $15 As Whale Accumulation Signals Strength appeared first on CoinGape.

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