Chainlink is currently on a downtrend after it failed to break a critical resistance. It opened trading at $14.5 but experienced small increases that saw it test $15. However, it failed to break through as it faced strong rejection at $14.9.
Breaking down the chart into a 2-hour timeframe, it becomes clear that the altcoin had most of its movements in the early hours of the day. After this significant push, it struggled to hold prices above $14.4. Nonetheless, on the daily chart, LINK may close the session with no notable changes in value.
This comes as a shock to many as the coin attained a fresh milestone during the previous intraday session. According to the reports, it had its largest spike in whale transactions for the year. More than 2,600 of the total transactions on the chain were above $100,000. This is a clear indication of large players’ interest in the asset. As a result, many expected a significant boost in price.
The post Chainlink Analysis: LINK Fails to Flip $15 Amid Massive Whales Activities appeared first on Coinfomania.
