Chainlink Bulls Dey Roar for On-Chain Metrics & Whale Transfers
Chainlink (LINK) don hit im highest level for seven months, reach $24.74 on August 13 before e drop 11% go $22.29. E on-chain metrics show record Total Value Secured of over $93 billion and high whale transfers—992 transactions pass $100,000 on August 14 and 232 since then—wey push 40% rally for the week. Daily active addresses jump 55% dis month, show say retail people dey more active. Analysts talk say strong support dey for $22.21–23; if e hold dis level, e fit push LINK go $25–25.55, if e break, e fit fall to $19.51. Combination of strong fundamentals, on-chain strength and more whale activity dey show say Chainlink dey get bullish momentum.
Bullish
Chainlink record on-chain metrics and di big increase for whale transfers don coincide with 40% weekly price rally plus dem try multi-month highs, e dey show say institution people dey accumulate and retail people dey join plenty. The critical support zone for $22.21–23 still hold, this one mean say downside no too much and e get high chance say price go still go up to $25–25.55. The high daily active addresses still dey strengthen buyer belief. For history, similar on-chain strength don always come before strong price rally, e show say price get better chance to go up both for short-term and long-term.