Chainlink (LINK) price chart from the last week of December 2024 showed a strategic play by traders, with a distinct liquidity hunt visible.
The heatmap showed that as the price declined, there was a significant liquidity sweep around the $22 mark, a critical level where a large volume of sell orders were triggered, culminating in a short-term price drop.
This pattern was characterized by a steep descent in price from around $26 to below $22 before a modest rebound.
This decline and subsequent consolidation indicated a targeted liquidity grab below the current price levels, supporting the prediction of a correction.
LINK liquidity heatmap | Source: Hyblock Capital
The zones around $25.07 to $25.10 also witnessed heavy trading activity, suggesting these areas as pivotal for future price movements.
The analysis pointed to these liquidity sweeps, underlining the tactical moves by traders to capitalize on rapid price shifts.
This activity set the stage for potential future vol
We współpracy z: https://www.thecoinrepublic.com/2024/12/30/can-chainlink-link-price-reverse-and-hit-47/
