Recently, Chainlink has broken past the $14 resistance signal to a major turn of momentum in the market. In the past seven weeks, whale activity has surged to a 3-month high, raking in $369.8 million to large holders.
In the short term, analysts now dream of ambitious targets, aiming for $20 and, in the really long term, even $100.
Whale Activity at 3-Month High as Chainlink Surges Past $14
According to data from Santiment, Chainlink has a big step forward as it breaks past $13.65 for the first time since July. It is a breakout from other altcoins and indicates the token is decoupling from other altcoins.
An important factor here is the fact that whale activity is now running at a record three-month high. From the past seven weeks, the holders with wallets that have 100,000 to 10 million LINK in them have $369.8 million worth of token accumulation, which is an increase of 8.2%.
🔗📈 Chainlink has decoupled from the altcoin pack, breaching $13.65 for the first time since July. Whale activity is at a 3-month high, and key stakeholders holding between 100K-10M LINK have accumulated $369.8M worth of the coin in 7 weeks, a +8.2% increase in their holdings. pic.twitter.com/T1BzeVjS7V
— Santiment (@santimentfeed) November 8, 2024
Given the market crash on August
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