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BTCC / BTCC Square / Global Cryptocurrency /
Chainlink LINK Surges Past Key Technical Levels, Eyes $20 as Whale Activity Signals Bullish Reversal

Chainlink LINK Surges Past Key Technical Levels, Eyes $20 as Whale Activity Signals Bullish Reversal

Author:
Global Cryptocurrency
Published:
2026-01-02 23:42:45
20
1
Chainlink LINK News -

Chainlink's native token LINK has surged past key technical levels, reclaiming the 21-day moving average for the first time since summer. This breakthrough suggests a potential trend reversal as the cryptocurrency rebounds from December lows near $11.50. Analysts are now watching for sustained momentum above the $12.50–$13.20 support zone, which could pave the way for a move toward $20.

Notably, whale transactions totaling $13 million in LINK have coincided with this technical breakout, hinting at institutional positioning. The altcoin's recovery mirrors broader market trends, with many digital assets retesting October lows before bouncing higher. The expansion in trading volume during LINK's recent ascent lends further credibility to the bullish case.

Market observers highlight the importance of holding above critical support levels to maintain upside potential. The $20 target is derived from higher-timeframe chart structures, though traders remain cautious until clearer confirmation of sustained demand materializes.

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