Chainlink (LINK) Price Set for Explosive Breakout As Whale Activity Soars

NAIROBI (CoinChapter.com) — Chainlink began trading in 2024 on a positive trajectory and has since failed to hold on to the bullish run after peaking at a yearly high of $18.12 in March. Following a massive pullback, LINK started rising on Aug 5 and even managed to make a higher low in Sept. Such a pattern may indicate a possible breakout from the long-term corrective channel meaning the token seeks to resume an upward move.

LINK/USD price chart. CoinMarketCap

As of now, LINK trades at $12.44, reflecting an increase of 8.24% in the past day and 19.71% over the last week.$ETH