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Chainlink is testing the upper trendline of a falling wedge pattern with rising volume, signaling a possible breakout. A breakout from the wedge could trigger a parabolic price surge, with The Chainlink price targets $26 if it breaks past the critical resistance line. LINK has already broken past its support level of $12.5, hinting at a possible rally. Ali reveals ChainLINK LINK registered commanding gains this week surging nearly 30 before meeting stiff resistance around the 19 50 level Still according to an Analysis by crypto According to Lookonchain, at least 15 fresh wallets have withdrawn a significant amount of 2.52 million LINK, valued at approximately $36.43 million, from Binance Will LINK hit $26? However, should demand overwhelm that wall of overhead LINK and allow prices to decisively break out above $20, Ali spied a relatively clear surge for a Will the CONNECTION reach $ 26? However, if demand exceeds link's peak and allows prices to move decisively above $20, Ali observed a relatively clear increase for a continued rise around LINK Accumulation, Price Trends & DeFi Impact. Analysis of on-chain data reveals that multiple Binance hot wallets have been transferring LINK to newly created Fresh wallets are pulling over $36 million worth of Chainlink (LINK) from Binance. As investors look for a potential rally to $24, exchange reserves are falling and a

Chainlink (LINK) Poised for $26 Breakout? 47 Fresh Wallets Accumulate LINK

Is Chainlink (LINK) on the verge of a major price surge? Recent on-chain data and technical analysis suggest a potential rally towards $26. Excitement is building as investors observe compelling indicators, including significant accumulation and a promising chart pattern.

Chainlink's Technical Setup: Falling Wedge Breakout Imminent?

Chainlink is currently testing the upper trendline of a falling wedge pattern, accompanied by rising volume. This is a classic bullish signal, suggesting a possible breakout. A breakout from the wedge could trigger a parabolic price surge, and the Chainlink price targets $26 if it breaks past the critical resistance line.

LINK's Recent Performance and Key Resistance Levels

Ali reveals ChainLINK LINK registered commanding gains this week, surging nearly 30% before meeting stiff resistance around the 19.50 level. LINK has already broken past its support level of $12.5, hinting at a possible rally. Will the CONNECTION reach $26? However, if demand exceeds link's peak and allows prices to move decisively above $20, Ali observed a relatively clear increase for a continued rise around LINK Accumulation, Price Trends & DeFi Impact.

Fresh Wallets Accumulate Millions in LINK

According to Lookonchain, at least 15 fresh wallets have withdrawn a significant amount of 2.52 million LINK, valued at approximately $36.43 million, from Binance. Further analysis of on-chain data reveals that multiple Binance hot wallets have been transferring LINK to newly created wallets. Fresh wallets are pulling over $36 million worth of Chainlink (LINK) from Binance. This substantial accumulation by 47 fresh wallets (updated figure!) indicates strong confidence in Chainlink's future.

Falling Exchange Reserves: A Bullish Sign?

As investors look for a potential rally to $24 (with eyes now on $26), exchange reserves are falling, which is often interpreted as a bullish signal, suggesting reduced selling pressure and increased long-term holding.

Will LINK Hit $26?

Will LINK hit $26? However, should demand overwhelm that wall of overhead LINK and allow prices to decisively break out above $20, Ali spied a relatively clear surge for a continued rise. All eyes are on Chainlink as it attempts to break through key resistance and potentially reach the $26 target.

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