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Whales Accumulate Chainlink (LINK): Is a Bullish Breakout Ahead?

Published 10/08/2023, 05:44 PM
Updated 10/08/2023, 05:45 PM
Whales Accumulate Chainlink (LINK): Is a Bullish Breakout Ahead?

  • Lookonchain revealed that a whale purchased 423,443 LINK at a purchase price of $7.67.

  • The last time this specific whale purchased LINK, the altcoin’s price jumped 6%.

  • A symmetrical triangle chart pattern had formed on LINK’s daily chart, which suggested a breakout may soon take place.

The on-chain tracking platform Lookonchain revealed in an X (formerly Twitter) post earlier today that a whale purchased 424,443 Chainlink (LINK) over the past few hours. According to the post, the whale spent $3.25 million to purchase LINK at $7.67.

This is the second time this specific whale purchased a substantial amount of LINK during the past few months. In an X post on 20 July 2023, Lookonchain also revealed that the same whale bought 788,877 LINK estimated to be worth $6 million.

The post Whales Accumulate Chainlink (LINK): Is a Bullish Breakout Ahead? appeared first on Coin Edition.

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