Link, the original symbol of ChainLink, is gaining the attention of traders despite the constant uncertainty in the market. This is due to the constant accumulation of whales in recent days and the ups of the ups that are on the Link scheme.
Dex Trader buy a million dollar link
Recently, Icrypto has been published to track down Blockchain transactions on X (previously Twitter) that Dex Smart traders began to reshape a link amid constant unification. According to The Post, Wallet 0xbb90 has bought a link of 53.2 thousand dollars at a value of $ 1.01 million in the past 24 hours.
This is the second time that this wallet has made a great bet on the link. Based on the available data, this portfolio previously received $ 630,000, an increase of approximately 136 %, from investing in Link.
With this impressive busy record, there is a strong possibility that the distinctive symbol will increase significantly in the coming days.
Besides, an expert posted a prominent encryption on X, supporting this upward view. In this position, the expert emphasized that the Bolinger ranges are pressing the LINK graph for 12 hours, indicating that a very volatile step may be imminent.
High participation and current price momentum
Despite the positive expectations about LINK, the price of the original remains unchanged. Currently, it is traded near $ 18.85, which suffers from a modest increase of 0.85 % over the past 24 hours. However, during the same period, the trading volume increased by 80 %, indicating an increase in the participation of traders and investors amid the upcoming price procedures and continuous accumulation.
Technical analysis of the series (LINK) and the upcoming levels
According to expert technical analysis, LINK appears to be a triangular rising pattern in the time frame for four hours and is currently receiving support from the upward trend line.
Historical data shows that this trend line has a strong upward date of price repercussions, the lower the price of the original to this level, it tends to earn the upscale momentum, which alludes to a possible recovery.
In addition to this bullish style, if LINK is higher than the upward trend line, there is a strong possibility that can rise by 17 % to reach the level of $ 22 in the future.
