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Chainlink Holds $23 as Whale Buying Builds, Key Levels Come Into Focus

Large‑holder accumulation supports a potential breakout from a tight $22–$23 base.

Overview

  • LINK trades near $23 with traders watching support around $22–$22.50 and resistance concentrated at $28.5–$30.
  • On‑chain trackers show rising balances among wallets with more than 100,000 LINK, signaling continued accumulation by larger holders.
  • A widely shared X post claimed whales bought 1.25 million LINK within 48 hours, a figure repeated in coverage without independent verification.
  • Media reports note a PublicAI integration that positions Chainlink’s oracles for AI‑driven prediction use cases, potentially expanding utility.
  • Market signals point to a cautious bullish setup, with DMI described as supportive, RSI near 49.5 neutral, exchange outflows and short liquidations increasing, and downside risk toward ~$21 if key support fails.