Chainlink (LINK) Price Jumps 10% Past $20 Amid Strong Whale Accumulation

Chainlink (LINK) has experienced a 10% price jump, surpassing the $20 level, following a brief pullback earlier in the week. This surge has been accompanied by notable accumulation by Chainlink whales, particularly driven by a specific whale wallet. The whale wallet has acquired a total of 4,556,684 LINK tokens, valued at approximately $83.6 million, over the past three days. This accumulation is seen as a positive indicator for a potential future increase in the LINK price. Additionally, the number of Chainlink holders has seen a significant rise in recent months, reaching a total of 717,000 holders. The withdrawal of LINK holdings from exchanges further suggests an expectation for a price surge. Despite many tokens experiencing a downtrend, Chainlink has shown substantial price momentum, with a 35.37% surge last month and an additional 15% gain in the past week. Analysts predict a further rally to $25, with the next significant hurdle at the $20.58 resistance trendline.