Chainlink’s Journey to $20: Whales Are Making Moves, But Will It Pay Off? 🤔🐋

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Well now, my dear readers, it appears that Chainlink has kicked off this year with a rather sprightly bounce, much like a frog leaping from one lily pad to another. The SEC, in its infinite wisdom-or perhaps just a moment of clarity-has bestowed its blessing upon the Bitwise Chainlink ETF, allowing this fine digital asset to strut its stuff in the bustling markets of the good ol’ U.S. of A. And what do you know? The whales, those big fish in the cryptographic sea, have been busily yanking LINK tokens from the exchanges faster than a cat can chase a laser pointer. This, my friends, indicates a quiet little gathering before what we can only hope is a delightful breakout! 🌊🐳

LINK’s 10% Weekly Gain Attracts Altcoin Investors

In recent days, Chainlink has been the belle of the ball, attracting the attention of large investors who have pulled approximately 4.5 million LINK tokens, valued at about $62 million, from the exchanges this very week. Why, it seems that these big shots have been reading up on their history, recalling the way things went back in late 2025, right before LINK decided to shoot up by 20% in December. With exchange balances plummeting to multi-year lows, supply is tightening like a noose around a misbehaving rabbit. 🐇

Now, I reckon the cause of this fervent accumulation lies in the sweet nectar of ETF inflows and the recent applause for the Bitwise LINK ETF. Grayscale’s new LINK ETF has wrangled in about 42 million since it had its grand debut in December. So, while the trading activity may still be a whisper compared to Bitcoin and Ethereum ETFs, the approval of spot LINK ETFs is certainly a leap in the right direction-like a cautious cow jumping over the moon. 🌙

According to the sage data from Coinglass, there’s been quite the stir lately, with Chainlink’s open interest taking a notable leap from a humble $510 million to a soaring high above $700 million. This suggests that the traders are getting a bit more adventurous, and with a touch more volatility swirling about, LINK may just break free from those pesky resistance levels. 🎢

Chainlink has crossed a significant milestone, surpassing 6.9 million in total fees. Now, isn’t that just dandy? This indicates that more and more smart contracts are relying on Chainlink’s trusty data services, making it an indispensable character in the grand tale of Web3. As fees rise, so too does the anticipation for a raucous rally ahead! 🚀

What’s Next for LINK Price?

As it stands, Chainlink is wobbling near its short-term moving averages, suggesting that the downtrend is losing some of its gusto. Currently, LINK is trading at $13.3, having taken a bit of a dip-over 5% in the last 24 hours, if you can believe it.

Though our dear Chainlink is experiencing a bit of a downturn, it clings bravely above the 20-day EMA around $13.28, while the 50-day and 100-day EMAs loom above like stern schoolmasters, serving as resistance in the neighborhood of $13.6 to $13.8. 📚

The RSI, that fickle friend, has taken a nosedive and now hovers below the midline at level 46, indicating a bearish spell with sellers putting on quite the show. If LINK can manage to wiggle above the descending line of resistance, we might just see it take a gander toward higher territories. On the optimistic side, LINK could be eyeing the lofty heights of $20 before it faces any serious selling pressure-now wouldn’t that be a sight for sore eyes! 👀

However, should LINK slip below the 20-day EMA, it might just find itself testing lower support areas around $13. All in all, the trend is leaning bullish, and things seem to be looking up as buyers gather around the dips like bees around honey. 🍯

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2026-01-07 19:38