TLDR:
- LINK maintains support at $11.8-$12.2 demand zone with reduced downside momentum signaling stabilization.
- Whale accumulated 695,783 LINK worth $8.52 million from Binance over two days during price compression.
- Technical targets sit at $13.5, $14, and $15 while breakdown below $11.5 invalidates bullish thesis.
- MACD convergence and Stochastic RSI rebound indicate momentum deceleration without confirmed reversal.
LINK is positioned at a critical technical inflection point as the cryptocurrency holds its demand zone near $12.46.
The asset shows signs of stabilization after absorbing sell pressure between $11.8 and $12.2. Buyers continue defending this support level while overhead resistance remains intact.
A sustained hold could enable price expansion toward $13.5, $14, and $15, though a breakdown below $11.5 would invalidate the bullish setup.
Technical Structure Points to Binary Outcome
LINK has established a well-defined demand zone that continues to attract responsive buying activity. Each dip into the $11.8–$12.2 range has been met with immediate support.
Recent candles display reduced downside momentum and tighter trading ranges. This price behavior typically emerges after corrective phases when sellers lose control.
The asset remains below key overhead resistance but risk-to-reward ratios now favor upside scenarios. A sustained break above the local range would open direct pathways to higher targets.
The $13.5 level represents the first liquidity zone, followed by $14 and the $15 supply area. These targets align with previous rejection highs marked on technical charts.
CryptoPulse noted that LINK’s invalidation level sits at $11.5. A decisive break below this threshold would confirm demand failure and expose the token to continued downside.
The setup presents a textbook turning point where holding support enables expansion while failure signals trend weakness. LINK volume has officially surpassed $1.77 trillion during this consolidation period.
Whale Accumulation Amid Momentum Deceleration
Major holders have increased their positions during the recent price compression. CryptOpus reported that a whale withdrew 366,364 LINK worth $4.5 million from Binance.
The same whale accumulated 695,783 LINK valued at $8.52 million over two days. This accumulation pattern occurred as price tested the lower demand boundary.
Momentum indicators reveal deceleration rather than reversal on the LINK/USDT chart. The MACD remains below the zero line, confirming the broader bearish trend continues.
However, the histogram has flattened with smaller negative bars appearing. The MACD and signal lines are converging, which typically indicates trend exhaustion without confirming directional shifts.
Source: TradingView
The Stochastic RSI has rebounded sharply into the upper band after bouncing from support levels. This reflects short-term momentum recovery but historically these overbought readings precede pullbacks in downtrends.
The move appears corrective unless price structure improves above resistance. A bullish momentum shift requires a MACD bullish crossover accompanied by sustained Stochastic RSI strength above mid-range levels.
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