LINK is currently trading at $10.79, and it’s down around 47% since its all-time high. According to various metrics, LINK whales are still buying many coins in the past three months. ChainLink hit a new all-time high at $20.11 on August 16 and was outperforming the market by a lot. Unfortunately, the selling pressure eventually hit LINK, which has seen a notable pullback towards $9.1. According to a recent report by Santiment, it seems that LINK’s top 100 non-exchange whale addresses have added around 18.3 million tokens to their wallets, approximately $200 million at current prices, in the past three months. This fact is notable because LINK lost almost 50% of its value in the past month alone. LINK/USD daily chart It seems that the 100-EMA has been acting as a strong support level for LINK in the past two weeks, even though the price did pierce this support twice on September 5 and 6. Further down, bulls can find more support in the form of the 50-MA at $9.52 and the low at $9.1. Unfortunately, looking at the IOMAP chart, the resistance encountered by the bulls is far greater than the support levels. The nearest most crucial support level is $10.63; however, this level is smaller than the $10.95 resistance. A bearish breakout below the 100-EMA could be devastating for the price of LINK as there are almost no support levels until $7.83, the 200-EMA. On the other hand, if LINK can bounce from the 100-EMA above the 50-EMA and turn it into support, the momentum will shift in favor of the bulls despite intense resistance levels. LINK/USD 4-hour chart In the shorter time frame, LINK bulls have managed to hold a double bottom at $10.47, but the downtrend still stands. The next short-term resistance is $11.67 and then the high at $12.38. A breakout above this last level would represent a shift towards an uptrend; however, LINK would still face a robust resistance level at $13.28. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street Crypto News share Read Next EU Commission to take 16 actions toward completing capital market union – Reuters FX Street 2 years LINK is currently trading at $10.79, and it’s down around 47% since its all-time high. According to various metrics, LINK whales are still buying many coins in the past three months. ChainLink hit a new all-time high at $20.11 on August 16 and was outperforming the market by a lot. Unfortunately, the selling pressure eventually hit LINK, which has seen a notable pullback towards $9.1. According to a recent report by Santiment, it seems that LINK’s top 100 non-exchange whale addresses have added around 18.3 million tokens to their wallets, approximately $200 million at current prices, in the past three… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.