Chainlink increases reserves by 78,250 LINK – is a price reversal approaching?

Chainlink’s reserves grew significantly with the addition of 78,250 LINK tokens valued at 1.1 million USD. This surge, the largest purchase to date, contrasts with the asset’s declining price around 14 USD.

The social sentiment for Chainlink has reached a three-year peak despite market weaknesses. A price above 16 USD could signal a bullish reversal, while a drop to 11.60 USD remains a concern if conditions do not favor recovery.