fxstreet.com 05 Feb, 2021 07:15 am

LINK aims for a new all-time high at $30 after a potential rebound

Chainlink has been extremely bullish for the majority of 2021 hitting new all-time highs almost every single day. LINK bulls are not done yet and aim

Chainlink price is inside a massive uptrend since the beginning of 2021.Chainlink price defends critical support level and aims for $30 On the 9-hour chart, Chainlink price has been trading above the 50-SMA support level since the beginning of 2021.In the past 12 hours, Chainlink price has defended the support level again which indicates that a rebound is underway.A breakout above this point can easily push Chainlink price towards the psychological level at $30.

LINK Holders Distribution chart Surprisingly, despite Chainlink price rising, the number of whales holding between 100,000 and 1,000,000 coins has increased significantly since January 23 from a low of 266 to 278 currently indicating that large holders are accumulating LINK even at high prices.If this support level breaks, Chainlink price can fall towards $21.

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