Chainlink Tests $21 Support — Buy on Weakness as Whales Accumulate
I see Chainlink testing the $21 support after breaking a three‑year pattern, trading around $21.48 (-3.24%).
Despite the pullback, I note strong on‑chain accumulation by whales and a Reserve increase to 109K LINK, which supports the breakout thesis and suggests bullish momentum remains intact.
I would look to buy on weakness near support while managing risk with a clear stop if $21 fails to hold.
Analysis
Recommendation
Buy on weakness near the $21 support with position sizing and a stop below the support; reassess if the $21 level is decisively lost.
Disclaimer
The Analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.