Chainlink's price movement today is largely influenced by the accumulation activities of crypto whales, as the token forms a double-bottom pattern, suggesting a potential rebound. Over the past two days, nine new wallets have withdrawn a significant amount of Chainlink (LINK) from Binance, totaling 362,380 coins valued at over $8.19 million. This accumulation comes on the heels of World Liberty Financial's recent purchase of over 78,300 LINK tokens. The double-bottom pattern, a bullish reversal indicator, has formed at $20.12, indicating that the token may be poised for a bounce back as investors eye the psychological level of $30.
The current price of Chainlink is $22.373417, reflecting a 1.12% increase today. The token reached a high of $22.673773 and a low of $21.610384.