Chainlink: Trader Opens $5.18M 10x Long on Hyperliquid

Lookonchain reported a trader opened a 10x long on 450,000 LINK worth $5.18 million on Hyperliquid two hours ago.

Chainlink trades at $11.55 inside its Bollinger Bands on the 4h chart, with the upper band at $11.65 acting as immediate resistance. The EMA50 at $11.40 provides nearby support while the EMA200 at $12.12 caps the broader structure. RSI at 56.52 stays neutral and MACD shows a fresh golden cross, keeping the bullish bias intact but vulnerable to a quick rejection at the upper band before any push higher.