Chainlink holds $12.5 amid whale accumulation; a bullish breakout brewing?

Chainlink price has remained steady around $12.50 as the broader crypto market experienced muted volatility.

After a slight recovery from the $11.77 support level, LINK is showing resilience, trading at $12.65 with a modest 0.1% gain over the past 24 hours, though it is still down roughly 8.5% over the past week.

The current price action reflects cautious optimism amid ongoing whale accumulation and institutional activity.

Whale activity signals confidence

A major Chainlink whale, identified as wallet 0xf44…b1cc4, recently withdrew $5.57 million worth of LINK from Binance, totalling approximately 445,779 tokens.