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Projects with whale attention often lead the market, driving liquidity and significant price movements. Chainlink [LINK] entered an accumulation phase, where whales were buying the dip while retail investors sold. This shift indicated a potential upcoming price shift. Here’s what happened. LINK’s bullish shift revealed At the time of writing, Santiment data revealed that the top 100 Chainlink whales resumed accumulating LINK below $13, adding 16.1 million LINK since November. Retail investors sold off amid FUD, while whales capitalized on the dip, positioning for a rally. This often indicated the market was gearing up for an upward move, with larger players taking control. Whale-driven accumulation had historically triggered price movements, especially when big players led, breaking key resistance levels. A massive move next? An analyst identified a crucial support zone for LINK, suggesting the coin had the potential for a 1000% move. With LINK holding above the 0.618 Fibonacci level ($9.88), the analyst forecasted price targets of $31, $52, and $100. These levels represented key resistance that LINK needed to break through to start a bull run. As long as LINK stayed above the 0.786 Fibonacci zone, the bullish trend remained intact, creating strong potential for future gains. Is Chainlink primed for a bullish breakout? Since July 2025, LINK has been dominated by Taker Sell activity. In 2026, however, a shift occurred, and the Taker Buy dominance took over. These changes showed that buying pressure now outweighed selling, which could have fueled a price rally. The rise in taker buy dominance also pointed to growing institutional interest and confidence in LINK’s future performance. Could this have pushed LINK to new highs? Final Thoughts Whale accumulation below $13 strengthened the bullish case for LINK, with potential price targets of $31 and beyond. Taker Buy dominance and strong technical support suggested LINK was set to break through key resistance levels, potentially sparking a major price rally. Next: Satoshi Nakamoto’s BTC stash – 17 years later, how much is it worth?
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