"LINK Whales Accumulate: Bullish Signal Ignites Potential 17% Surge"

Chainlink's native token, LINK, has been gaining traction among traders despite the ongoing market uncertainty. This is largely due to the continuous accumulation by whales in recent days and the bullish price action forming on LINK's chart.

One notable whale has recently purchased $1 million worth of LINK, marking the second significant investment by this wallet in the token. Previously, this wallet earned $630,000, a gain of nearly 136%, from investing in LINK. This impressive track record suggests a strong possibility that the token could soar significantly in the coming days.

A prominent crypto expert has also weighed in on LINK, further supporting this bullish outlook. The expert noted that the Bollinger Bands are squeezing on LINK's 12-hour chart, suggesting that a highly volatile move could be imminent.

Despite the positive outlook, LINK's price remains relatively unchanged, currently trading near $18.85 with a modest 0.85% increase in the past 24 hours. However, during the same period, its trading volume surged by 80%, indicating growing trader and investor participation amid bullish price action and ongoing accumulation.

According to expert technical analysis, LINK appears to be forming an ascending triangle pattern on the four-hour timeframe and is currently receiving support from the ascending trendline. Historical data shows that this trendline has a strong bullish history of price reversals, hinting at a potential rebound. If LINK holds above the ascending trendline, there is a strong possibility it could soar by 17% to reach the $22 level in the future.