In a most curious turn of events, the esteemed Chainlink has begun to display signs of a reversal most encouraging, with prospects of reaching as high as twenty-five dollars-an elevation most agreeable. This optimistic forecast is supported by on-chain figures indicating the clandestine accumulation by new and evidently discerning wallets, who seem to be quite taken with the prospects of the token-perhaps a little too enthusiastically, if one judges by the amount fleeing Binance. 😅
- The recent pattern known among the learned as a double bottom suggests the price has hit a proverbial low, between fifteen and fifteen point seventy dollars, and the selling pressure appears to be diminishing. Rather like a gentleman recovering his composure after a drink too many at the ball.
- Should the price ascend beyond twenty dollars, especially if the RSI-an indicator of market temper-breakouts, then we may very well see it rallying toward twenty-five or twenty-six, much like a young lady gaining confidence at her first ball.
- Adding to the intrigue, thirty newly minted wallets have clandestinely withdrawn over six and a quarter million LINK tokens from Binance. Such decisive action underscores a lurking bullish sentiment, or so the wise sages might conjecture. Perhaps these new owners are merely preparing for a jolly good rally.
It must be admitted, despite the recent gloom and doom-and the market tumults akin to a battlefield-the brave Chainlink persists in its descent, having fallen beneath a descending trendline after October the tenth, when the markets were agitated beyond normal bounds, and some dear investors experienced a precipitous drop of more than twenty percent.
Yet, signs of unwinding bearish resolve are most evident: the formation of a double bottom suggests the pressure is abating, and buyers are rallying to defend their support-the very cobblestones of their investing pathway.
The all-important neckline, dear reader, is roughly at twenty dollars. Break through this point, and the rally might just leap to twenty-five or twenty-six. A concomitant RSI breakout would serve as a most promising sign of a bullish tide-for those with eyes wide open. 🧐
New Wallets: The Secret Investors of High Society
Further supporting the notion of an impending ascent, data from the cryptosphere unveils that thirty freshly minted wallets have silently amassed a whopping 6,256,893 LINK tokens, valued at a hefty 116.7 million dollars-implying that the wise are quietly hoarding their assets rather than engaging in petty trades. Such covert accumulation hints at a future rally-should the stars align, or, more practically, the price crack the twenty-dollar threshold once more.
One cannot help but marvel at such fervent devotion-insane accumulation, indeed! As the repository of all secret knowledge, Lookonchain, astutely observed:
“30 new wallets have withdrawn 6,256,893 $LINK ($116.7M) from Binance since the October 11 market crash.”
Insane accumulation!
30 new wallets have withdrawn 6,256,893 $LINK($116.7M) from #Binance since the 1011 market crash.
– Lookonchain (@lookonchain) October 20, 2025
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2025-10-20 16:09