LINK encountered resistance at $14.9 and pulled back. Even though whales aggressively bought $22 million, they couldn't stop the retail selling pressure.

[Crypto World] LINK just can’t seem to break above the $14.9 mark lately; instead, it pulled back 4.15% to $13.63. Interestingly, on-chain data shows that whales are aggressively accumulating—one whale directly bought 1.62 million LINK, investing $22.01 million and now holding a total of 2.18 million tokens.

But here’s the problem: retail selling pressure is too strong. Over the past three days, there have been 780,000 more LINK sold than bought, and this selling volume has completely offset the whale’s buying action. According to momentum indicators, sellers are still in control.

The situation is a bit delicate right now: if whales keep accumulating and manage to push through the $14 barrier, there might be some hope; but if they can’t hold the line, the next major support is likely around $12.7. It’s really hard to say who will come out on top in this tug-of-war between retail investors and whales.