According to CoinMeta, the price of Chainlink has regained attention driven by large-scale purchases and increasing reserves by whales. Recently, a major investor increased their holdings of LINK, while the reserves of Chainlink increased by 706,000 units during July, with the latest purchase valued at over $5.7 million, bringing the total reserves to 5,210,976 units of LINK. Market analyst Cryptothebossx stated that the price of LINK has reached the intersection of the long-term downward trend line and a strong support area, and many traders are paying attention to this key level. Currently, the price of LINK is trading near an important support level, and if it can break through the trend line, it may see even greater upside potential.