Crypto whales, those big-time investors, have been snapping up a ton of Chainlink (LINK), a cryptocurrency that runs on the Ethereum network. One analyst, Ali Martinez, says they bought over $76 million worth of LINK in just one week!
Martinez is worried that this might be a bad sign for LINK. He thinks that LINK might be in trouble because it broke through a pattern on its price chart that often signals a drop in price.
He’s predicting that LINK could fall by almost 50% and drop down to $6.80. Right now, LINK is trading at $13.10, so that would be a big drop.
However, it’s important to remember that this is just one analyst’s opinion. The crypto market is super volatile, and things can change quickly. Don’t take any investment advice from just one source, and always do your own research before investing.
/p>
