Chainlink Holds Near $14 as Whale Buying Drains Exchange Supply

Momentum gauges are ticking higher, with confirmation hinging on a break over $14.20–$15 plus a close above the descending trendline near $15.20.

Overview

LINK trades around $13.7–$14 after repeated defenses of $13.50, with 24-hour spot volume near $689 million and a market cap close to $9.7 billion.
Nansen data cited Tuesday shows large holders lifted balances to roughly 3.9 million LINK from about 1.77 million last month.
Exchange reserves have fallen to about 219 million tokens from roughly 324 million in October, with some reporting linking outflows to a recently launched Chainlink ETF that has gathered nearly $50 million.
Reporting notes the Strategic LINK Reserve now holds just over 1.05 million tokens after adding about 81,000 LINK last week.
Technical readings show a positive MACD histogram, CMF near +0.09 and a recovering RSI, while traders watch $13.50 as key support and resistance clustered at $14.20–$15 beneath a trendline near $15.20.