The LINK price is currently retesting the $12 support level, showing signs of whale accumulation. This activity indicates potential upward movement if the support holds.
Top 100 LINK wallets have acquired approximately 20.46 million tokens since early November, suggesting strong whale activity and confidence despite market sentiment being bearish.
While spot buyers are absorbing selling pressure, maintaining support at $12 is crucial for LINK’s price progression. Should the price remain above this mark, there is potential for reaching resistance levels at $14.69 and $18.79.
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