**LINK Eyes $19 as Next Target Amid Increased Whale Activity and Positive Technical Signals**
Chainlink’s native token, LINK, looks poised for new highs as analysts set their sights on targets as high as $19. This optimistic outlook is driven by increased activity from Chainlink whales, a positive MACD momentum signal, and renewed confidence from high-volume traders.
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### Chainlink Whales Resume Activity
Large crypto investors, often referred to as whales, have notably increased their activity around LINK tokens. Recent data shows that whales transferred $26 million worth of LINK away from Binance, reinforcing a bullish accumulation trend. This move reduces liquid supply during a sensitive price phase, which can support upward price momentum.
Typically, whales move tokens to exchanges to facilitate accumulation but prefer holding assets in private wallets for the long term. This strategy contributes to reduced circulating supply, amplifying potential price gains when buying demand returns.
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### Strong Support and Growing Demand
Buyers have stepped in aggressively near key support zones between $14.50 and $15.00, boosting market confidence. Historically, LINK has respected this demand zone multiple times, highlighting strong buying interest and defense of this price level.
Additionally, exchange outflows from Binance often precede strong expansions, as lower liquidity on exchanges can accelerate upward price movements as demand surges.
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### Renewed Confidence from High-Volume Traders
According to CoinGlass data, the Binance Top Trader Long/Short Ratio surged above 70%, marking a significant improvement from recent lows. This indicates renewed optimism among large traders, who often lead market trends.
Positive sentiment shifts like this frequently precede substantial impulsive moves, as major accounts react to structural market changes. Notably, despite recent pullbacks, long positions have remained dominant, confirming sustained conviction in LINK’s upward potential.
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### Can LINK Hit $19?
As of the latest data, LINK traded at $14.16, down 9.8% over the past 24 hours. However, trading volume surged by 24.5% to $1.12 billion, signaling increased retail investor interest. If this volume spike continues, it could ignite a significant rebound.
Technical analysis shows LINK has clearly bounced from the crucial demand zone around $14.50, a level that has held firm multiple times. After this rebound, LINK pushed toward its descending channel resistance, a key area where a price rally might begin.
The MACD indicator supports this bullish outlook, displaying early positive momentum with the histogram contracting upward and signal lines aligning more favorably. Each successful retest of the channel’s lower boundary further strengthens the case for a bullish reversal.
Based on these factors, LINK’s next potential target is $19.14, with a more ambitious target of $23.79 if buying pressure remains strong.
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### Chainlink Reserve Accumulates More LINK
In a related development, Chainlink announced that its Reserve recently accumulated 74,049.24 LINK tokens in a single day. This brings the total holdings of the Chainlink Reserve to 803,387.65 LINK.
This accumulation demonstrates that the Chainlink network is generating revenue and strategically preparing for future growth.
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**Conclusion**
With increased whale activity, strong support levels, positive technical indicators, and growing trader confidence, LINK appears well-positioned for a potential rally. If current trends sustain, reaching and possibly surpassing the $19 target could be within reach.
Stay tuned for further updates as the situation evolves.
https://www.crypto-news-flash.com/link-rallies-on-fresh-accumulation/
