![Chainlink Flashing Signals of Next Major Rally, Analyst Shares Next LINK Target](https://captainaltcoin.com/wp-content/uploads/2023/09/Copy-of-P2P-Review-13.png)
After consolidating for two months, Chainlink’s LINK token broke out upwards eight weeks ago as anticipated. However, it traded sideways again in the past six days between $18-$19. But now the bulls have successfully broken above key resistance at around $19.10. LINK currently trades above $20, presenting opportunities for much further upside.
![](https://captainaltcoin.com/wp-content/uploads/2024/02/image-393-1024x464.png)
Whale Accumulation Preceded Rally
Cryptocurrency analyst Crypto Aman had shared four days ago that whales were continuously accumulating LINK. This presaged the current price bump – LINK has gained over 15% in just four days. As Crypto Aman explained, Chainlink is a top oracle coin project that should not be ignored.
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Show more +Large withdrawals from Binance
Crypto Aman pointed out how 47 new wallets withdrew 2,237,504 LINK (worth $42.38 million) from Binance in two days. This significant whale movement and accumulation helped spark the latest rally through the $19 area. With KEY resistance now broken, Chainlink looks positioned for further gains as whales continue buying.
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