$LINK Whales made 681 transactions in a single day, a new high for the year, and CCIP is now connected to 80 chains.
But on-chain activity doesn’t necessarily mean the token price will rise. Smart money is pulling out, and the price has fallen below the 13.56 neckline. ETF net inflows are zero, and on-chain data hasn’t confirmed an upward move.
Key levels: 13.56 is resistance above; don’t chase unless the price gets back above it. Below, 12.39 is the next level; if it breaks, watch 11.98.
【Bearish case】The price has already broken down. First, watch whether support holds.
But on-chain activity doesn’t necessarily mean the token price will rise. Smart money is pulling out, and the price has fallen below the 13.56 neckline. ETF net inflows are zero, and on-chain data hasn’t confirmed an upward move.
Key levels: 13.56 is resistance above; don’t chase unless the price gets back above it. Below, 12.39 is the next level; if it breaks, watch 11.98.
【Bearish case】The price has already broken down. First, watch whether support holds.