{"id":238486,"date":"2024-01-30T22:36:37","date_gmt":"2024-01-30T17:06:37","guid":{"rendered":"https:\/\/dripp.zone\/news\/chainlink-price-eyes-30-milestone-as-whales-ramp-up-accumulation-crypto-news\/"},"modified":"2024-01-30T22:36:40","modified_gmt":"2024-01-30T17:06:40","slug":"chainlink-price-eyes-30-milestone-as-whales-ramp-up-accumulation-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/chainlink-price-eyes-30-milestone-as-whales-ramp-up-accumulation-crypto-news\/","title":{"rendered":"Chainlink Price Eyes $30 Milestone as Whales Ramp Up Accumulation &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div id=\"post-177514\">\n<p>\nThe growing accumulation of whales during the market correction hints the Chainlink price is likely to prolong its current recovery trend.\t\t\t\t<\/p>\n<div class=\"marketThumbs\">\n             <noscript><img width=\"1200\" height=\"578\" src=\"https:\/\/coingape.com\/wp-content\/uploads\/2024\/01\/WNwit5ZP-e1706632376118.png\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"Chianlink Price\" decoding=\"async\" fetchpriority=\"high\"\/><\/noscript><\/div>\n<p class=\"MarketsUp f-14 d-block\">  Published 26 mins ago <\/p>\n<div class=\"Atcs\">\n<p><span style=\"font-weight: 400;\">Amidst the broader market\u2019s recovery from the initial downturn triggered by <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/bitcoin-witness-478-mln-outflows-as-grayscale-outflow-abates\/\">ETF<\/a> approvals, the Chainlink price has successfully maintained its position above the $13.6 local support level. This positive turnaround from the support level has resulted in a significant 13.6% increase in the LINK price over the past week, bringing it to a current trading price of $15.46.\u00a0<\/span><\/p>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.80 --><\/p>\n<p><span style=\"font-weight: 400;\">Examination of the daily chart reveals that this upward trend is shaping into a bullish chart pattern known as an inverted Head and Shoulders, presenting an opportunity for buyers to capitalize on the potential for further recovery<\/span><\/p>\n<h2><strong>High Momentum Rally Sets Chainlink Price For Key Resistance Breakout<\/strong><\/h2>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The LINK price rising for five consecutive days reflects an active buying activity among traders.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The rising price will face a high supply zone at the $17.5 resistance<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The intraday trading volume in the LINK coin is $495 Million, indicating a 32% gain.<\/span><\/li>\n<\/ul>\n<figure style=\"width: 1946px\" class=\"wp-caption alignnone\"><img loading=\"lazy\" decoding=\"async\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\" http:=\"\" alt=\"Chainlink Price\" width=\"1946\" height=\"937\" data-lazy-src=\"https:\/\/s3.tradingview.com\/snapshots\/w\/WNwit5ZP.png\"\/><noscript><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/s3.tradingview.com\/snapshots\/w\/WNwit5ZP.png\" alt=\"Chainlink Price\" width=\"1946\" height=\"937\"\/><\/noscript><figcaption class=\"wp-caption-text\">Chainlink Price| TradingView Chart<\/figcaption><\/figure>\n<p><span style=\"font-weight: 400;\">Over the last three months, the <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/markets\/chainlink-price-prediction-will-link-consolidation-fuel-a-rise-to-25\/\">Chainlink price<\/a> has experienced significant volatility, fluctuating within two diverging trendlines. This movement, visible on the daily chart, indicates a sideways trend, suggesting a lack of clear direction from buyers or sellers from a technical perspective.<\/span><\/p>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.80 --><\/p>\n<p><span style=\"font-weight: 400;\">However, contrasting insights emerge from on-chain metrics regarding largeholder activities. A recent analysis by Intotheblock, a crypto analytics firm, revealed that large holders have significantly increased their holdings of LINK, accumulating over 57 million $LINK in the last 30 days.\u00a0<\/span><\/p>\n<blockquote>\n<p><span style=\"font-weight: 400;\">This notable accumulation could indicate a strengthening confidence in Chainlink or a strategic investment approach.<\/span><\/p>\n<\/blockquote>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Large Chainlink holders added more than 57M <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/search?q=%24LINK&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$LINK<\/a> to their balances in the last 30 days. <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/bnlIJdTEbN\">pic.twitter.com\/bnlIJdTEbN<\/a><\/p>\n<p>\u2014 IntoTheBlock (@intotheblock) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/intotheblock\/status\/1752267596466880954?ref_src=twsrc%5Etfw\">January 30, 2024<\/a><\/p>\n<\/blockquote>\n<p><span style=\"font-weight: 400;\">In light of these developments, there\u2019s an anticipation that the <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/markets\/is-chainlink-price-set-to-hit-20-this-weekend-heres-what-you-should-know\/\">LINK<\/a> price may rise by an additional 7% shortly, aiming to breach the pattern\u2019s neckline resistance at $16.67. If this breakout is successful, it could lead to heightened buying pressure, potentially pushing the price beyond the $17.5 resistance of the recent high.\u00a0<\/span><\/p>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.80 --><\/p>\n<p><span style=\"font-weight: 400;\">Securing this new level could empower buyers to pursue an ambitious target of $30.<\/span><\/p>\n<h2><b>Technical Indicators<\/b><\/h2>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Bollinger Band<\/b><span style=\"font-weight: 400;\">: An upswing in the lower boundary of the <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/education\/bollinger-band\/\">Bollinger band<\/a> indicator provides additional support for buyers\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Moving Average Convergence Divergence<\/b><span style=\"font-weight: 400;\">. A bullish crossover between MACD(blue) and signal(orange) at the neutral zone, indicates the asset is returning to a recovery trend.<\/span><\/li>\n<\/ul>\n<h3>Related Articles:<\/h3>\n<\/p><\/div>\n<div class=\"MarketBottm\">\n<div class=\"Socilsm\">\n<p>\n                    Share this article on:<\/p>\n<div class=\"LinksSo\">\n                    <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.me\/share\/url?url=https:\/\/coingape.com\/markets\/chainlink-price-eyes-30-milestone-amid-whale-accumulation-surge\/&#038;text=Chainlink Price Eyes $30 Milestone as Whales Ramp Up Accumulation\" class=\"TeleS\"><i class=\"fa fa-paper-plane-o\"\/><\/a><br \/>\n                    <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/api.whatsapp.com\/send?text=https:\/\/coingape.com\/markets\/chainlink-price-eyes-30-milestone-amid-whale-accumulation-surge\/\" data-action=\"share\/whatsapp\/share\" class=\"TeleSwp\"><i class=\"fa fa-whatsapp\"\/><\/a><br \/>\n                    <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/share?url=https:\/\/coingape.com\/markets\/chainlink-price-eyes-30-milestone-amid-whale-accumulation-surge\/\" class=\"tw_new_logo\"><br \/>\n<img loading=\"lazy\" decoding=\"async\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\" http:=\"\" class=\"mb-1\" alt=\"coingape\" width=\"18\" height=\"18\" data-lazy-src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2023\/08\/14164721\/x-logo.png\"\/><noscript><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2023\/08\/14164721\/x-logo.png\" class=\"mb-1\" alt=\"coingape\" width=\"18\" height=\"18\"\/><\/noscript><br \/>\n<\/a><br \/>\n                    <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer\/sharer.php?u=https:\/\/coingape.com\/markets\/chainlink-price-eyes-30-milestone-amid-whale-accumulation-surge\/\" class=\"TeleSFb\"><i class=\"fa fa-facebook\"\/><\/a>\n                    <\/div>\n<\/p><\/div>\n<\/div>\n<div class=\"TabDicA\">\n<div class=\"TBAcon \">\n<div class=\"authorFlip tabcS\" id=\"TabA177514\">\n<div class=\"authorBox\">\n<div class=\"author_Name\">\n<!--\n                                      \n\n<div class=\"getAuthoname\">\n                                          \n                                                                                 \n                                       <\/div>\n\n \n--><\/p>\n<p>Sahil is a dedicated full-time trader with over three years of experience in the financial markets. Armed with a strong grasp of technical analysis, he keeps a vigilant eye on the daily price movements of top assets and indices. Drawn by his fascination with financial instruments, Sahil enthusiastically embraced the emerging realm of cryptocurrency, where he continues to explore opportunities driven by his passion for trading                         <\/p>\n<\/p><\/div>\n<div class=\"author_Image\">\n                                             <img loading=\"lazy\" alt=\"\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\" http:=\"\" data-lazy-srcset=\"https:\/\/secure.gravatar.com\/avatar\/a533fdcf650a1d3d3b6a452bcef2d18a?s=400&#038;d=mm&#038;r=g 2x\" class=\"avatar avatar-200 photo\" height=\"200\" width=\"200\" decoding=\"async\" data-lazy-src=\"https:\/\/secure.gravatar.com\/avatar\/a533fdcf650a1d3d3b6a452bcef2d18a?s=200&#038;d=mm&#038;r=g\"\/><noscript><img loading=\"lazy\" alt=\"\" src=\"https:\/\/secure.gravatar.com\/avatar\/a533fdcf650a1d3d3b6a452bcef2d18a?s=200&#038;d=mm&#038;r=g\" srcset=\"https:\/\/secure.gravatar.com\/avatar\/a533fdcf650a1d3d3b6a452bcef2d18a?s=400&#038;d=mm&#038;r=g 2x\" class=\"avatar avatar-200 photo\" height=\"200\" width=\"200\" decoding=\"async\"\/><\/noscript>                                       <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"TabDesCm tabcS\" id=\"TabD177514\">\n<p>  The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.<\/p>\n<\/div><\/div>\n<\/p><\/div>\n<p>     <!--           <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/category\/price-analysis\/\" class=\"closeArticle2 close-btn\">Close Story<\/a>--><\/p><\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The growing accumulation of whales during the market correction hints the Chainlink price is likely to prolong its current recovery trend. Published 26 mins ago Amidst the broader market\u2019s recovery from the initial downturn triggered by ETF approvals, the Chainlink price has successfully maintained its position above the $13.6 local support level. This positive turnaround [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":238487,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[188,183,185,186,187,184,189,150,182,190],"class_list":["post-238486","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-technology","tag-blockchain-tech","tag-blockchain-technology","tag-crypto-technology","tag-cryptocurrency-technology","tag-metaverse-technology","tag-nft-technology","tag-soul-bound-token","tag-tech","tag-technology","tag-token-technology"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/238486","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=238486"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/238486\/revisions"}],"predecessor-version":[{"id":238488,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/238486\/revisions\/238488"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/238487"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=238486"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=238486"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=238486"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}