Chainlink whales on buying spree, shift 2.64 million LINK from Binance LINKMarines $LINK
It highlights a particular whale address,"0xD51b," as having bought 367,814 LINK worth $2,422,717 at $6.59 on March 15.Chainlink has been on a steady rise since March 10, when the price found a base at the $5.90 support.
From there, Chainlink has gone on to mark eight green days out of eleven, having surpassed key barriers at MA 50 and 200 .The recent whale accumulation in the last two weeks seems to have positively impacted the LINK price. The recent rise is also bolstered by a positive crossing of these moving averages. Chainlink might be propelled to target the $8.2 and $8.4 levels if its current rise is sustained. The daily RSI is tilting upward above the neutral level of 50, suggesting an advantage to the bulls.At the time of writing, LINK was up 3.53% in the last 24 hours to $7.36. The token is also up 12.71% in the past seven days.
In related ecosystem news, the Chainlink testnet LINK faucet is now available on Base Goerli. Earlier in March, Chainlink's price feeds went live on Coinbase's Ethereum Layer 2 chain, Base testnet. "Base" also joined Chainlink's Scale program, which covers"certain operating costs of Chainlink services."
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