{"id":304146,"date":"2024-05-17T20:15:33","date_gmt":"2024-05-17T14:45:33","guid":{"rendered":"https:\/\/dripp.zone\/news\/whale-accumulation-positions-link-for-20-breakout-crypto-news\/"},"modified":"2024-05-17T20:19:05","modified_gmt":"2024-05-17T14:49:05","slug":"whale-accumulation-positions-link-for-20-breakout-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/whale-accumulation-positions-link-for-20-breakout-crypto-news\/","title":{"rendered":"Whale Accumulation Positions LINK for $20 Breakout &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div>\n<p><span style=\"font-weight: 400;\">Chainlink Price Analysis: The Bitcoin price leap to $65000 on Wednesday triggered a renewed recovery sentiment in the crypto market. While most major coins showed notable upswing, the <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/chainlink-link-price-shoots-15-after-dtcc-partnership-will-the-rally-continue\/\">Chainlink<\/a> coin caught the attention of investors as the asset surged for three consecutive days amid whale accumulation and a rise in social dominance. is the LINK price heading to the $20 mark?<\/span><\/p>\n<p>Also Read: <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/markets\/make-100000-with-4-ethereum-meme-coins-to-buy-in-2024-bull-run\/\">Make $100,000 With 4 Ethereum Meme Coins To Buy In 2024 Bull Run<\/a><\/p>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.82 --><\/p>\n<h2><b>Chainlink Sees Significant Market Cap Surge Amid Whale Accumulation and Social Dominance Rise<\/b><\/h2>\n<figure style=\"width: 1946px\" class=\"wp-caption alignnone\"><noscript><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/s3.tradingview.com\/snapshots\/2\/2VCz0HkY.png\" alt=\"BINANCE:LINKUSDT Chart \" width=\"1946\" height=\"937\"\/><\/noscript><figcaption class=\"wp-caption-text\">Chainlink Price Analysis| Tradingview<\/figcaption><\/figure>\n<p><span style=\"font-weight: 400;\">The last correction trend in <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/price-predictions\/chainlink-link-price-prediction\/\">Chainlink price<\/a> found suitable support at the 61.8% Fibonacci retracement level\u2014 a key technical level that bolsters buyers with a strong foothold and counterattack.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">With the renewed demand pressure, the LINK price developed two notable higher lows in the daily chart indicating that buyers are accumulating this asset at market dips. On Wednesday, when the <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/markets\/bitcoin-price-will-softer-cpi-send-btc-to-70000-in-may\/\">Bitcoin price<\/a> surged to $65,000, the Chainlink price rebounded from $12.80 and surged 25% within three days, reaching $16.<\/span><\/p>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.82 --><\/p>\n<p><span style=\"font-weight: 400;\">The rising price gave a decisive breakout from the resistance trendline which carried an active correction for the past two months.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Amid the recent market recovery, Chainlink\u2019s market cap has experienced a substantial 14% surge since yesterday. According to data from <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/x.com\/santimentfeed\/status\/1791288113769386352\">Santiment<\/a>, this sharp increase is largely driven by the growing number of large holders, commonly known as whales. The number of Chainlink whales\u2014wallets holding 100K or more LINK\u2014has increased by 4.6% in just five weeks, bringing the total to 564.<\/span><\/p>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.82 --><\/p>\n<p><span style=\"font-weight: 400;\">The platform\u2019s data shows that the social discussions around Chainlink have reached their highest level since October 21, 2023, a seven-month high. If the current trend of rising social dominance continues without being overshadowed by fear of missing out (FOMO), the bullish conditions for Chainlink are likely to persist.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">If the breakout sustains, the Chainlink price should amid potential target of $18.6, followed by $20.7 and $22.8<\/span><\/p>\n<h2><span style=\"font-weight: 400;\">Technical Indicator:<\/span><\/h2>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Exponential Moving Average: <\/b><span style=\"font-weight: 400;\">The recently reclaimed 20-day <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/education\/exponential-moving-average-how-to-leverage-it-in-crypto-market\/\">EMA<\/a> can assist LINK price with dynamic support during occasional pullbacks.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>ADX: <\/b><span style=\"font-weight: 400;\">The ADX slope upswing at 22% indicates the buyers have sufficient momentum to lead a higher rally.<\/span><\/li>\n<\/ul>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.82 --><\/p>\n<p class=\"m-0\">Related Articles<\/p>\n<p>                                <!-- \n\n<div class=\"desktopPostEnd d-on\"><\/div>\n\n --><\/p>\n<div class=\"m-on mobiless\">\n<div id=\"social-section-new\">\n<p>\u2713 Share:<\/p>\n<p>                                  <a rel=\"nofollow noopener\" target=\"_blank\" class=\"social-text_new wp_new\" href=\"https:\/\/api.whatsapp.com\/send?text=https:\/\/coingape.com\/markets\/chainlink-price-analysis-whale-accumulation-for-20\/\" style=\"display: block\">  <i class=\"fa fa-whatsapp\"\/><\/a><\/p>\n<div>\n                                <a rel=\"nofollow noopener\" target=\"_blank\" class=\"social-text_new tw_new_logo\" href=\"https:\/\/twitter.com\/intent\/tweet?text=https:\/\/coingape.com\/markets\/chainlink-price-analysis-whale-accumulation-for-20\/\"><br \/>\n  <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=\"30\" height=\"30\"\/><br \/>\n<\/a>\n                                <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p>          <!-- \n\n<div class=\"m-on pl-2 pr-2\">\n            \n\n<div class=\"row\">\n            \n\n<div class=\"col-6 pr-2\">\n         \n\n<div class=\"Borderboxies_2 mb-3  fullmobx\">\n             \n            <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/top-7-crypto-marketing-firms-of-the-year\/?utm_source=abovesidebartabnews&utm_medium=organicarticle\">\n            \n\n<div class=\"SponserdyWebimg_2\"><img loading=\"lazy\" width=\"834\" height=\"833\" src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2022\/12\/15175104\/top_crypto_marketing_agencies.jpg\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" decoding=\"async\" ><\/div>\n\n\n                \n\n<div class=\"Sponserdtent_2 mt-2\">Top Crypto Marketing Firms \/ Agencies 2023; Here\u2019s Best Picks [Updated]\n <\/div>\n\n\n            <\/a>\n          \n            <\/div>\n\n\n            <\/div>\n\n\n                  \n\n<div class=\"col-6 pl-2\">\n                 \n\n<div class=\"Borderboxies_2 mb-3  fullmobx\">\n             \n            <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/top-10-web-3-games-to-explore-in-2023-here-list\/\">\n            \n\n<div class=\"SponserdyWebimg_2\"><img loading=\"lazy\" width=\"834\" height=\"833\" src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2022\/12\/23134356\/jpg_20221223_134223_0000.jpg\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" decoding=\"async\" ><\/div>\n\n\n                \n\n<div class=\"Sponserdtent_2 mt-2\">Top 10 Web3 Games To Explore In 2023; Here List\n <\/div>\n\n\n            <\/a>\n          \n            <\/div>\n\n\n            <\/div>\n\n\n                <\/div>\n\n\n        <\/div>\n\n                    --><\/p>\n<div class=\"TabDicA\">\n<div class=\"TBAcon \">\n<div class=\"authorFlip tabcS\" id=\"TabA197475\">\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. 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Wednesday triggered a renewed recovery sentiment in the crypto market. While most major coins showed notable upswing, the Chainlink coin caught the attention of investors as the asset surged for three consecutive days amid whale accumulation and a rise in social dominance. is the LINK [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":262434,"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-304146","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\/304146","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=304146"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/304146\/revisions"}],"predecessor-version":[{"id":304148,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/304146\/revisions\/304148"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/262434"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=304146"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=304146"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=304146"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}