Whale activity has surged as 362,380 LINK, worth about $8.19 million, was withdrawn from Binance, sparking speculation of a price breakout. Currently priced at $21.87, Chainlink must maintain this critical support level to potentially rebound towards its recent high of $32. Increased on-chain activity, including a 0.76% rise in transaction count and a 0.83% increase in active addresses, alongside declining exchange reserves, suggests growing confidence in Chainlink's ecosystem and a bullish outlook for the cryptocurrency.
