Chainlink’s recent price momentum has fueled speculation that it may rally to $30, as several key technical indicators suggest further growth. Whale activity has reached a three-month high, with large holders accumulating an additional $369.8 million worth of the token over the past seven weeks. This increase represents an 8.2% growth in holdings.
Additionally, Chainlink’s price recently broke out above the $13.65 mark for the first time since July, indicating increased buying interest. The number of active addresses on the network has also surged, rising from 1,930 to 2,750 within a few days. These factors, coupled with reduced sell pressure and bullish derivatives data, create a favorable environment for Chainlink to potentially hit the $30 mark in the coming weeks.
