#Chainlink whales accumulate 85M LINK while retail stalls — Will LINK price follow?#

Chainlink may be quietly setting the stage for its next move, as on-chain data shows that large holders continue to increase their positions despite a lack of retail participation.
On the technical side, there is no obvious breakout in sight, with LINK moving sideways in a consolidation phase. The narrowing of the Bollinger Bands suggests that a more significant price move might be on the horizon.
ChainLink Price Analysis 📉
The price is currently trading just below the Bollinger Bands midline, with $14.11 acting as short-term resistance and $13.08 as midline support. The relative strength index is near 50, indicating neutral momentum, and the MACD is slightly bullish.

LINK is displaying some short-term strength, currently trading slightly above both its 10-day and 20-day moving averages. However, it remains below longer-term averages such as the 100-day and 200-day, indicating that the market is still hesitant.

LINK may move toward $15 if it breaks above $14.10 with strong volume. On the other hand, it might fall towards he $12.50 level if it falls below $13.00. For now, the market appears to be waiting to see if retail traders or whales will determine the next move.
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