On-chain data shows whale-sized Chainlink wallets have reached a new all-time high (ATH), a sign that big-money interest has been flowing into the network. Chainlink Wallets With At Least 100,000 LINK Have Set A New Record According to data from on-chain analytics firm Santiment, Chainlink has seen large wallets reach a new record. The indicator of relevance here is the “Supply Distribution,” which tells us about the total number of addresses that belong to a particular address group. Related Reading: Render Jumps 30% As Key On-Chain Metrics Break Out Wallets or investors are divided into these cohorts based on the number of tokens that they are carrying in their balance. For example, the 1 to 10 coins group includes all addresses holding between 1 and 10 LINK. In the context of the current topic, the range of interest is the one with a lower bound at 100,000 LINK and no upper limit. At the current exchange rate, the cutoff for the range converts to $957,000, which is a significant amount. Thus, the only investors who would qualify for the group will be the big-money entities like the sharks and whales. Such holders can carry some degree of influence on the network so their behavior can be worth keeping an eye on. Below is the chart shared by Santiment that shows how the Supply Distribution has changed for these Chainlink investors over the past few months. As is visible in the graph, the Chainlink wallets with 100,000 LINK or more have witnessed a rise in the indicator during the last couple of months. This suggests that the population of big-money investors on the network has grown. More specifically, the Supply Distribution of the LINK whales has increased by 8.2% over the last seven weeks, a notable figure. Interestingly, this inflow of large investors into the network has arrived while the cryptocurrency has followed an overall trend of sideways movement. Currently, there are 805 wallets holding at least 100,000 LINK, which is a new ATH. “Key stakeholders are showing bullishness toward the #16 market cap in crypto,” noted Santiment. It now remains to be seen whether the optimism from the LINK whales will end up reflecting on the cryptocurrency’s price. Related Reading: Dogecoin Must Hold This Level To Avoid Drop To $0.088, Analyst Says While Chainlink has witnessed a trend of accumulation, Bitcoin has observed distribution from its large hands instead. As analyst Ali Martinez has highlighted in another X post, the supply of the BTC whales registered a decline recently. From the chart, it’s apparent that the Bitcoin whales sold 18,447 BTC between the 18th and 21st of this month, worth approximately $1.41 billion. LINK Price At the time of writing, Chainlink is trading around $9.57, unchanged from one week ago. Featured image from Dall-E, chart from TradingView.com
Chainlink has been grinding below the $10 mark, caught in a consolidation phase that has left holders waiting for a catalyst that has yet to arrive. The price action is frustrating but not unusual for an altcoin navigating a broader market that has been selective in where it directs its attention. What is less routine — and considerably more concerning — is what a CryptoQuant report has just identified beneath the surface. Related Reading: Retail Is Cashing Out On Ethereum, But The Selloff Is Being Absorbed. Discover Who Is Buying The report examines the month-over-month change in Chainlink’s whale count — the number of large holders whose participation tends to anchor price support and signal institutional conviction. What it shows is a pattern that demands attention: consecutive negative readings, month after month, reflecting a continuous and uninterrupted decline in whale participation over the past several months. That kind of sustained exit from large holders is not the kind of data point that resolves itself quietly. Whale participation is the structural foundation beneath most meaningful altcoin recoveries — when large holders are accumulating or at minimum holding their positions, the available supply stays tight and the market has the support it needs to move. When they leave, that foundation erodes. The troubling element here is not that whales exited once. It is that they have not come back — even as the price has fallen to levels that, in previous cycles, tended to attract exactly the kind of buying that stops declines from extending further. The Discount Is Real. The Buyers Are Not Showing Up The CryptoQuant report identifies the most alarming element of the current Chainlink setup with precision. Large price corrections are supposed to attract whale accumulation — that is, one of the foundational principles of on-chain analysis. Deep discounts create the kind of asymmetric risk-reward that large holders are specifically positioned to exploit. The cheaper the asset gets, the more attractive the entry becomes for participants with the capital and conviction to build meaningful positions. Chainlink is getting cheaper. The whales are not arriving. The simultaneous decline in both price and whale count removes the structural support mechanism that typically limits how far corrections extend. When large holders accumulate during weakness, they absorb the selling pressure and create a floor. When they stay on the sidelines — or worse, continue to distribute — that floor does not form. The price becomes increasingly dependent on retail participation alone, which historically has not been enough to sustain a recovery. The report’s forward assessment is direct. Until month-over-month whale count growth turns positive — until the consecutive negative bars on the chart reverse into genuine accumulation — Chainlink remains structurally vulnerable. The choice between further downside and extended consolidation depends on which comes first: a catalyst that draws large holders back, or a continuation of the current absence. For retail participants watching the $10 level, the CryptoQuant data delivers one clear message. The smart money has not yet decided this is worth buying. Until it does, caution is not overcaution — it is the only reasonable response to what the data is showing. Related Reading: DeFi Just Lost $15 Billion in Three Days. Something Deeper Than a Hack Is Behind It Chainlink Price Remains Trapped Below Key Averages as Downtrend Persists Chainlink continues to trade below the $10 level, with the weekly structure showing a clear loss of momentum following its mid-cycle highs near $25. The chart reflects a sustained downtrend defined by lower highs and repeated rejections at the 100-week and 200-week moving averages, currently clustered in the $13–$16 range. This zone has acted as persistent overhead resistance, capping every recovery attempt since late 2025. Price action has recently stabilized around $9, forming a tentative base after the sharp breakdown that pushed LINK briefly below $8. While this stabilization suggests short-term selling pressure may be easing, the broader structure remains weak. The 50-week moving average is trending downward and sits above price, reinforcing the bearish bias and limiting upside expansion. Related Reading: Ethereum Coinbase Premium Flips Bullish: Discover What Happens When US Whales Are Long Volume behavior adds context. The largest spikes coincide with selloffs rather than recoveries, indicating that distribution phases have been more aggressive than accumulation. Meanwhile, RSI on the weekly timeframe is hovering near neutral levels, lacking the kind of bullish divergence typically associated with durable bottoms. For any structural shift to occur, LINK must reclaim the $11–$12 region and, more importantly, break above the $13 resistance cluster with conviction. Until then, the current range looks more like consolidation within a downtrend than the beginning of a reversal. Featured image from ChatGPT, chart from TradingView.com
On-chain data shows the largest of Chainlink whales have been accumulating recently even as the cryptocurrency’s price has slipped below $13.00. Top 100 Chainlink Whales Have Been Expanding Their Supply In a new post on X, on-chain analytics firm Santiment has talked about the latest trend in the holdings of the 100 largest addresses present on the Chainlink network. Related Reading: Bitcoin IFP Hints At Potential Turnaround: What It Means This category of holders naturally includes the large whales, investors who carry sums significant enough to have some influence on the blockchain. As such, their combined supply can be worth keeping an eye on. Below is the chart shared by Santiment that shows the trend in the supply of the 100 largest Chainlink addresses over the last few months. As displayed in the graph, the Chainlink supply held by the top 100 addresses went up in November as the cryptocurrency’s price plummeted, a possible sign that big-money investors were loading up. These whales shed some of their holdings in December and the first week of January, but recently, they have showed signs of renewed accumulation as LINK’s price has plunged below the $13.00 level. Compared to the start of November, the cohort’s holdings are up 16.1 million tokens. “As retail sells off due to impatience & FUD, it’s common to see smart money gather up more $LINK to prepare for (or cause) the next pump,” explained the analytics firm. It now remains to be seen whether this accumulation will have any effect on the cryptocurrency. Chainlink isn’t the only asset that has seen movements from large investors recently. As Santiment has highlighted in another X post, Bitcoin sharks and whales have participated in net buying over the last nine days. In the context of BTC, sharks and whales are defined as investors holding between 10 to 10,000 tokens. Below is a chart that shows how the supply of these investors has changed since late July. As is visible in the graph, the Bitcoin sharks and whales have increased their combined supply by 36,322 BTC in the last nine days, equivalent to an increase of 0.27%. Interestingly, the large investors have held on despite the fact that the asset’s price has gone through a retrace over the past few days. Related Reading: $790 Million In Crypto Longs Decimated As Bitcoin Plunges To $93,000 However, the same hasn’t been true for the opposite end of the market, the retail entities. These investors, corresponding to addresses holding less than 0.01 BTC, have shed 132 BTC (0.28%) in the same window. LINK Price At the time of writing, Chainlink is floating around $12.33, down more than 10% in the last seven days. Featured image from Dall-E, chart from TradingView.com
On-chain data shows the top 100 whales on the Chainlink network have again started accumulating the asset recently, retracing their earlier distribution. Top Chainlink Addresses Have Been Adding Since The Start Of November In a new post on X, on-chain analytics firm Santiment has discussed about the latest trend in the holdings of the top Chainlink addresses. Santiment defines “top addresses” as the 100 largest wallets on the network. Related Reading: Bitcoin, Ethereum Plunge Triggers Near-$600 Million Crypto Long Flush This category would naturally include the largest of whales on the blockchain, who carry some degree of influence due to the sheer size of their holdings. As such, the behavior of these investors may be worth monitoring. Now, here is the chart shared by Santiment that shows how the Chainlink supply held by the top addresses has changed over the last few months: The value of the metric appears to have gone up in recent weeks | Source: Santiment on X As displayed in the above graph, the combined supply of the 100 largest Chainlink wallets witnessed a decline in October, implying that these massive entities were participating in distribution. The selling from the top addresses first began as LINK’s price went through a sharp crash. The selloff continued until the start of November, when the indicator finally arrived at a bottom. Shortly after, the supply of the 100 largest LINK investors saw a reversal, signaling the return of accumulation. According to Santiment, these whales have collectively added 20.46 million tokens (about $263 million) to their holdings. This has not only retraced the October drawdown in their supply, but also in fact taken it to an even higher level. While the top Chainlink addresses have shown net accumulation since the start of November, the pace of buying hasn’t been constant. From the chart, it’s apparent that most of the accumulation occurred in November, with not much coming in December so far. It now remains to be seen what trend the 100 largest LINK investors will show next, and whether it will have any influence on where the cryptocurrency heads next. In some other news, Chainlink recently lost a multi-year technical support line, as analyst Ali Martinez has highlighted in an X post. As is visible in the above chart, Chainlink made two retests of this line during the first half of 2025 and each time, it found support. The retest that occurred after the latest price downtrend, however, ended up in failure, with the asset dropping below this line for the first time since 2023. Related Reading: US Bitcoin Session Leads December Returns After Weak November After the breakdown, LINK attempted to retrace it, but the retest from below also ended in rejection, a potential sign that the support may have flipped into resistance. LINK Price Following its most recent drop, Chainlink is trading around $12.96. Featured image from Dall-E, Santiment.net, charts from TradingView.com
Chainlink is entering a pivotal moment in its market cycle, with bullish sentiment returning after a prolonged period of underperformance. Since late June, LINK has surged over 70%, marking its strongest rally in months and reigniting investor confidence. The price action signals that this could be more than just a relief bounce—it may be the start of a broader recovery trend. Related Reading: Bitcoin Miner Sales Surge To Highest Level Since April – Details Market participants are paying close attention, especially as fresh on-chain data from Santiment reveals a surge in whale accumulation. Addresses holding large amounts of LINK have been steadily increasing their positions, a trend often associated with confidence in further upside. This accumulation, paired with strengthening technicals, suggests that the market may have finally established a local bottom. Chainlink’s price breakout is also occurring within the broader context of an altcoin resurgence, as Ethereum reclaims critical levels and overall sentiment shifts toward risk-on behavior. For Chainlink holders and observers alike, the next few weeks will be crucial. Whale Accumulation, Regulatory Clarity Signal Bullish Path For Chainlink Chainlink appears to be gearing up for a potential breakout as strong fundamentals align with renewed bullish sentiment. According to top crypto analyst Ali Martinez, on-chain data shows that whales have accumulated over 8 million LINK tokens in the past month. This buying spree suggests that large holders are positioning themselves for a significant upside move, reinforcing the view that Chainlink may be entering the early stages of a bullish continuation. Since February, LINK has experienced a deep and often volatile consolidation phase. Despite moments of upward momentum, the token struggled to break above key resistance levels—until now. The latest rally, coupled with visible whale accumulation, indicates that the consolidation could be ending, opening the door for a new leg higher. If momentum holds, Chainlink could begin targeting higher supply zones last tested during the late 2024 rallies. Adding to the bullish outlook, recent developments on the regulatory front could provide long-term tailwinds. The passage of the GENIUS Act and Clarity Act in the US Congress has created a more favorable environment for blockchain projects with real-world utility. Related Reading: Satoshi-Era Bitcoin Now For Sale: Galaxy Digital Sends 1,500 BTC To Binance Bulls Reclaim $18: Momentum Builds After Breakout Chainlink (LINK) has surged past the $18 mark, closing at $18.45 after gaining 3.48% on the day. The recent breakout comes as LINK extends a strong uptrend that began in late June, with price climbing nearly 70% from its local bottom. On the daily chart, LINK has decisively broken through key moving averages: the 50-day ($14.07), 100-day ($14.42), and 200-day ($16.21), signaling a strong shift in momentum. This breakout is significant, as the $16–$17 range had acted as a key resistance zone for several months. The latest candle shows a clean push above this range with little wick on the top, reflecting bullish conviction. Technically, the move suggests that bulls are in control and the path to higher levels—possibly towards $20–$22—may be open if volume and buying pressure continue. Related Reading: Coinbase Premium Signals Aggressive Ethereum Accumulation: Institutional Demand Accelerates LINK’s ability to reclaim and hold above the 200-day moving average after a prolonged period of sideways consolidation adds further strength to the bullish narrative. While short-term pullbacks may occur, the current structure points to a market that has absorbed prior selling pressure and is now trending with strength. Continuation above $18.50 could set the stage for a broader recovery in the altcoin market. Featured image from Dall-E, chart from TradingView
Chainlink is currently trading at critical demand levels as the broader crypto market faces ongoing pressure. With global financial conditions growing increasingly fragile, volatility continues to dominate across risk assets. Geopolitical tensions and sweeping tariffs imposed by world leaders — including recent moves by US President Donald Trump — have only added to the uncertainty, shaking investor confidence and stalling bullish momentum in crypto. Related Reading: Ethereum Whales Buy the Dip – Over 130K ETH Added In A Single Day Amid this backdrop, Chainlink has struggled to reclaim higher ground, instead consolidating around a key support zone. According to on-chain data, LINK’s most critical demand wall sits at $6.26. This concentration of buying interest marks a potentially strong support area that bulls must defend to avoid a deeper correction. As markets react to shifting macroeconomic signals, Chainlink’s ability to hold this demand zone could determine its next move. If this level fails, additional downside may follow. But if it holds, it could serve as the base for a potential rebound once sentiment improves. For now, all eyes remain on LINK’s price action as it tests one of the most important accumulation zones on its chart. Chainlink Consolidates As Next Demand Level Lies Below Despite broader market uncertainty, Chainlink remains one of the most prominent players in the real-world asset (RWA) tokenization narrative — a sector expected to see substantial growth in the coming years. As traditional finance continues exploring blockchain infrastructure, Chainlink’s oracle technology and decentralized data feeds remain essential to bridging off-chain assets with on-chain applications. However, in the short term, LINK’s price action has mirrored the broader crypto market downturn. Chainlink is down 17% since March 26, with current price action showing continued uncertainty. LINK is consolidating just above a key demand level, and although bulls have struggled to regain momentum, some analysts believe the worst may be behind. Fears of ongoing selling pressure persist, but overall market conditions suggest that the sharpest drawdowns could be over. Supporting this view, Ali Martinez shared on-chain data revealing that the most critical demand wall for Chainlink sits at $6.26, where nearly 90,000 investors accumulated approximately 376 million LINK tokens. This strong accumulation zone may provide the foundation needed for price stabilization and a potential reversal, especially if broader market sentiment begins to recover. While analysts still warn of a possible deeper correction, the fading intensity of selling and the presence of strong support indicate growing resilience. Chainlink’s long-term fundamentals, particularly its leadership in the RWA space, continue to attract attention — even during times of market stress. If the $6.26 level holds, LINK could be well-positioned for a rebound once bullish momentum returns across the crypto landscape. Related Reading: Bitcoin Rejected At Descending Resistance Again – Is $78,600 Still In Play? LINK Holds Solid Ground As Bulls Eye Recovery Confirmation Chainlink (LINK) is trading at $12.8 after enduring several days of heavy selling pressure. Despite the recent downside, bulls have managed to defend the crucial $12.3 support level, which has so far acted as a solid demand zone. This hold is a key short-term victory, but the broader trend remains fragile as LINK struggles to regain upward momentum. To confirm a potential recovery rally, bulls must push LINK above the $14.6 level — a critical resistance zone that aligns with both the 4-hour 200-day moving average (MA) and the exponential moving average (EMA). A decisive breakout above this area would signal renewed strength and potentially attract more buyers back into the market. Related Reading: SUI Forms Inverse Head And Shoulders – Can Bulls Break Above $2.52? However, the risk of further downside still looms. If LINK loses its grip on the $12.3 demand zone, the next logical support could lie near the $10 mark, a psychological level that hasn’t been tested since early Q4 2023. With the broader crypto market still under pressure and sentiment cautious, LINK remains at a crossroads. The coming days will be pivotal as bulls attempt to reclaim momentum and avoid slipping deeper into correction territory. Featured image from Dall-E, chart from TradingView
Chainlink is trading at crucial demand levels as the entire crypto market faces heightened selling pressure and uncertainty. After weeks of volatility and downside moves, bulls continue to struggle to regain control, with LINK failing to break above key resistance levels. Still, there are early signs that the worst may be behind. Price action is beginning to stabilize, and some traders believe the current consolidation could lay the groundwork for a recovery phase. Related Reading: Bitcoin Rejected At Descending Resistance Again – Is $78,600 Still In Play? However, not all signals are bullish. According to on-chain data from Santiment, whales have sold over 170 million LINK in the last three weeks. This significant outflow from large holders has fueled speculation that additional downside could still exist. Whale behavior is often a leading indicator of broader market sentiment, and continued selling from top wallets may reflect a lack of confidence in the short-term price outlook. While selling pressure appears to be fading for now, the market remains cautious. For Chainlink to break free from this uncertain range, bulls will need to defend current support and reclaim key levels. Until then, whale activity and broader market sentiment will continue to play a major role in determining LINK’s next move. Chainlink Consolidates At Key Support As Whale Selling Clouds Outlook Chainlink is down 17% since March 26, and its price action remains uncertain as it consolidates above a critical demand zone. While the broader crypto market continues to struggle with volatility and macro-driven selling pressure, LINK has been particularly vulnerable. Analysts are increasingly voicing concerns about a potential deeper correction, citing weak momentum and ongoing bearish sentiment across risk assets. The fear of extended downside remains high, with many traders hesitant to step back in until clearer bullish signals emerge. The entire crypto landscape has been affected by economic instability and market indecision, and Chainlink is no exception. Still, some believe LINK has room to recover. The project continues to expand its role in the decentralized finance (DeFi) space, with steady development and increasing adoption of its oracle infrastructure. These long-term fundamentals offer hope that once the current market pressure fades, Chainlink could be among the first altcoins to rebound. Adding to the uncertainty, however, are troubling whale activity metrics. Crypto analyst Ali Martinez recently shared on X that whales have sold over 170 million LINK in the past three weeks. This heavy distribution supports the prevailing bearish trend and suggests that major holders are not yet confident in an imminent recovery. For now, all eyes remain on whether LINK can hold its current support zone. A break below could open the door to further losses, while a bounce and reclaim of higher resistance levels may finally mark the beginning of a recovery phase. Until then, market participants are treading carefully as Chainlink balances between bearish pressure and the potential for a turnaround. Related Reading: SUI Forms Inverse Head And Shoulders – Can Bulls Break Above $2.52? LINK Struggles As Bulls Fight to Avoid Further Losses Chainlink (LINK) is trading at $13.1 after failing to reclaim the $15 level, reflecting continued weakness following weeks of selling pressure. The rejection from $15 has left bulls in a defensive position, with price action hovering just above a key demand zone. To regain control and confirm the start of a recovery rally, LINK must not only hold above current levels but also break decisively above the 200-day moving average (MA) and exponential moving average (EMA), both sitting around $17.2. These moving averages represent critical resistance, and only a clean breakout above them would signal a shift in momentum. Until then, LINK remains vulnerable to further downside, especially if market conditions stay fragile. If bulls fail to defend the $13 zone, a drop toward $10 becomes a likely scenario — a level that hasn’t been tested since late 2023. Related Reading: Whales Dump 760,000 Ethereum in Two Weeks — Is More Selling Ahead? With broader market uncertainty and fading momentum across altcoins, LINK holders are watching closely. A failure to hold current support could trigger stronger selling pressure, while a successful push above $17.2 could pave the way for a stronger rebound. The coming days may be pivotal in determining whether Chainlink stabilizes or continues its downtrend. Featured image from Dall-E, chart from TradingView
On-chain data shows the Whale Transaction Count has shot up for Chainlink recently, a sign that more volatility could be coming for the asset’s price. Chainlink Whale Transaction Count Is Now At Its Highest Since 2023 In a new post on X, the on-chain analytics firm Santiment has discussed about the latest trend in the Whale Transaction Count for Chainlink. The “Whale Transaction Count” here refers to an indicator that keeps track of the total number of LINK transfers that are valued at more than $100,000. Related Reading: Ethereum Leverage Elevated Despite Long Squeeze, Glassnode Says Such large transactions are assumed to be coming from the whale entities, so this metric’s value basically tells us about the level of activity that these humongous investors are participating in. When the indicator registers a rise, it means the whales are making a larger number of moves on the network. Such a trend suggests trading interest around the asset is going up among the large holders. On the other hand, the metric going down implies the cryptocurrency may be losing attention from the cohort as they have lowered their transaction activity. Now, here is the chart shared by Santiment that shows the trend in the Chainlink Whale Transaction Count over the last few months: As displayed in the above graph, the Chainlink Whale Transaction Count has registered a spike recently as the cryptocurrency’s price has plunged down. This means that the whales have made a large number of trades related to the asset. At the height of this activity spike, the total number of transactions of this group stood at 1,659, the most since December 2023. Since whale transactions are generally quite sizeable, this high trading interest from these large traders can induce further volatility for the asset’s price. It’s hard to say which direction the volatility emerging out of this activity might take Chainlink in, however, given that the Whale Transaction Count contains no information about whether buying or selling is dominant. The fact that the spike has come after the crash, though, could certainly be a positive sign. “When altcoins rebound, keep an eye on this asset,” notes the analytics firm. Related Reading: Ethereum Recovers To $2,800 As Exchange Outflows Near $1 Billion In another X post, Santiment has shared about which other altcoins have seen a rise in the Whale Transaction Count during the past week. From the above table, it’s visible that Dai (DAI) on the BNB blockchain has seen a jump of 400% in the metric over the last seven days, the most out of any altcoin. Out of the non-stablecoin assets, Floki (FLOKI) has topped the list with a spike of 286%. LINK Price At the time of writing, Chainlink is trading around $19.8, down around 14% in the last week. Featured image from Dall-E, Santiment.net, chart from TradingView.com
On Thursday, Chainlink (LINK) climbed from Monday’s lows to reclaim the $23 mark for the first time in over a week. The surge fueled investors’ bullish sentiment, with some market watchers forecasting a breakout to new highs. Related Reading: XRP Hits Seven-Year High After 16% Surge, Is A New ATH Around The Corner? Chainlink Whales Go On Buying Spree Chainlink jumped 9% in the past day, tapping the $23 mark for the first time in ten days. LINK rallied alongside the rest of the market during the post-election pump, surging 200% in one month. During this rally, the cryptocurrency surpassed its Mach 2024 high of $22 and reached a new multi-year high of $30. However, the December pullbacks halted LINK’s momentum, with Chainlink hovering between $20 and $25 for the rest of the month. LINK attempted to retest the $25 resistance zone during the start-of-year run but retraced during the recent market corrections, driving the price to $18, its lowest level in over a month. Amid the current market recovery, the cryptocurrency has surged 27% from its Monday low and caught the attention of analysts and large-scale investors. Altcoin Sherpa signaled that LINK could likely see a “V shape reverse up” following the recovery from the recent market “nuke.” On Thursday, Crypto analyst Ali Martinez highlighted that whales have “heavily accumulated” LINK in the last few days. According to the post, large-scale investors have purchased 1.35 million LINK, worth around $31 million, since January 14. It’s worth noting that whales have purchased significant amounts of LINK over the past weeks. In late December, Chainlink whales bought around 3.58 million LINK tokens, valued at $77 million. Meanwhile, on-chain data shared by the analyst shows that these wallets had acquired 1.4 million tokens in the first four days of 2025. LINK Holds Crucial Level Martinez suggested that the buying pressure could further impulse LINK’s momentum. Chainlink has been forming a bull pennant since hitting its December high and failed to break above the upper trendline earlier this month. However, today’s jump sent LINK’s price past the pattern’s upper trendline and, according to the analyst, eyes at the $50 target. Crypto analyst Jelle noted that Chainlink tested a key resistance into support. The analyst previously stated that Chainlink’s weekly chart was “slowly turning into a true thing of beauty” after the “painful retest” and holding the key level “firmly.” Related Reading: Ethereum Recovers From Drop Below $3,000: Analyst Points At 2021 Rally Similarities Jelle pointed out that LINK turned the $18-20 resistance zone into support after the recent retrace and rebound. This zone has been a crucial horizontal level for the token, as Chainlink has rallied to its all-time high (ATH) and new local highs when it was turned into support. Ultimately, Jelle set LINK’s initial target to $30 before the run to new ATHs. As of this writing, Chainlink is trading at $23.56, a 6% increase in the daily timeframe. Featured Image from Unsplash.com, Chart from TradingView.com
Chainlink (LINK) has seen a whirlwind of price activity, surging 50% before experiencing a sharp 15% retracement within 10 days. This volatility showcases the potential and unpredictability surrounding LINK’s recent price action, drawing attention from analysts and investors alike. According to crypto analyst Ali Martinez, there’s a notable trend unfolding beneath the surface: Chainlink whales have been steadily accumulating LINK over the past two months. This accumulation by large holders suggests a growing conviction in LINK’s long-term value, reinforcing a bullish outlook for the asset. Related Reading: Bitcoin Weekly RSI Entering Power Zone – Last Time BTC Soared 80% Martinez’s data underscores this trend, highlighting that whales are continuing to add LINK to their portfolios despite the recent ups and downs in price. This activity suggests a solid foundation of support at current levels, as whales often act as market stabilizers. The coming weeks are expected to be pivotal for LINK, as further accumulation by large holders could fuel another upward move. Investors are now watching closely as Chainlink’s price action could signal a broader shift in sentiment within the DeFi and Oracle sectors. Whether LINK will continue to build on this bullish momentum or enter a period of consolidation remains to be seen. Chainlink Waking Up Smart Money Chainlink has recently posted an impressive surge, aligning with the broader market’s rally as bullish sentiment resurfaces across the crypto space. Key data from crypto analyst Ali Martinez indicates a strong accumulation pattern among Chainlink whales, who have amassed over 15 million LINK in the past two months—an investment valued at around $165 million. This substantial accumulation suggests high confidence among large holders, who appear committed to backing LINK despite its inherent price volatility. While many altcoins have benefited from a wave of retail-driven speculation, Chainlink’s recent surge seems to be fueled by more than short-term market excitement. The active participation of whales, typically seen as more strategic investors, indicates a solid support base at current levels. Martinez’s analysis highlights that the trend of accumulation by whales has been steady, even amid price fluctuations, which often signals confidence in longer-term potential. Related Reading: Dogecoin Could Target $2.4 If Price Aligns With Macro Pattern – Details However, the next few weeks will be telling. Analysts and investors closely monitor whether this accumulation trend will continue or if it was a temporary push to capitalize on favorable market conditions. Sustained buying by whales would likely bolster LINK’s price further, reinforcing that Chainlink’s network and utility as a decentralized oracle provider hold significant value in the evolving blockchain ecosystem. Conversely, if accumulation slows, LINK could see a period of consolidation as the market recalibrates. Key Levels To Watch Chainlink is trading at $13.3 after reaching a local high of $15.3, marking a significant move that has renewed investors’ optimism. In this recent rally, LINK broke above the 200-day moving average (MA) at $12.8, a critical level often seen as a key indicator of long-term market sentiment. To confirm this bullish momentum, LINK needs to hold this 200-day MA as a support level; if successful, it would reinforce the bullish price structure and signal the potential for further gains. Holding above $12.8 would set a strong foundation for LINK’s price action, suggesting that buyers have established control and are willing to defend current levels. Related Reading: Cardano Skyrockets Over 40% – Funding Rate Suggests Further Upside If this support holds, LINK could make a sustained push above its recent local high at $15.3. Analysts anticipate that a confirmed breakout would open the door for LINK to test higher resistance levels, with the potential for a strong continuation in the coming weeks. However, if LINK fails to hold the 200-day MA, the price may retest lower support areas, potentially disrupting the bullish momentum. For now, all eyes remain on $12.8 as LINK attempts to solidify its recent gains and prepare for a possible run higher. Featured image from Dall-E, chart from TradingView
Chainlink (LINK) has surged impressively over the past few days, breaking above the critical $13 resistance level and posting a remarkable 35% gain. This recent breakout has ignited optimism among analysts and investors, as LINK has faced strong resistance around the $13 mark since late July, struggling to sustain any upward momentum. Now, however, market sentiment appears to be shifting, with many anticipating further upside for Chainlink. Related Reading: Ethereum Analyst Sees Altseason Potential As BTS Is Still Outpacing ETH – Time To Buy Altcoins? Supporting this bullish outlook, key data from on-chain analytics firm Santiment reveals that LINK whale activity has reached a 3-month high, with large holders accumulating LINK in significant quantities. This increased whale activity is often an indicator of confidence among major investors, suggesting that Chainlink’s latest surge could be just the beginning of a more sustained rally. As LINK breaks free from its months-long resistance and gains renewed momentum, the next few days will be crucial in determining whether this rally has the strength to reach higher price levels or if it will encounter fresh resistance. For now, however, Chainlink’s impressive performance has analysts speculating on its potential to maintain bullish momentum in the coming weeks. Chainlink Whales Waking Up Chainlink is showing signs of renewed strength, with the price surging above key resistance levels that have held the coin back for months. For the first time since July, LINK has broken past $13.65, marking a significant shift in its price action. This breakout has come at a time when critical data points are signaling a bullish outlook for the asset. According to Santiment, Chainlink has decoupled from the broader altcoin market, showing a unique price performance amidst a recovering market. One of the most compelling indicators is the spike in whale activity, which has reached a 3-month high. Stakeholders holding between 100K to 10M LINK have accumulated a massive $369.8 million worth of the token in just 7 weeks, representing an 8.2% increase in their holdings. This surge in whale activity often signals confidence in a token’s future price potential, with large investors positioning themselves for the next leg of growth. Related Reading: Bitcoin ETFs See Historic Surge – Institutions Go Bullish On BTC With $1.38 Billion Record Inflows Accumulation by Chainlink whales, combined with its price-breaking key resistance levels, suggests that LINK is poised for continued growth in the coming weeks. As the entire market begins to recover and rise again, Chainlink’s decoupling from the pack could indicate that it’s positioning itself to lead the charge in the altcoin space. Investors are watching closely, as the recent price surge and whale behavior suggest LINK could experience sustained bullish momentum. LINK Testing New Supply Chainlink is currently trading at $13.5 after successfully breaking above the 200-day moving average (MA) at $12.9, a key level that signals a strong, bullish outlook for the long term. This breakout has given bulls control, reinforcing positive sentiment around LINK’s price action. For the uptrend to continue, it’s crucial that LINK holds the 200-day MA as support, as this level often marks a turning point between the bear and bull phases. While LINK shows strength above $13, a healthy retrace to around $12.5 could provide the fuel needed for further upside if that level holds as support. A pullback of this nature would allow bulls to consolidate gains and set a stronger foundation for the next move. Related Reading: Solana Breaks Above Key Resistance – Top Analyst Sets $300 Target Traders are eyeing $14.5 as the next significant supply zone, where LINK may face resistance as it approaches this level. If LINK manages to push above $14.5, it would signal robust demand and potentially open the door to even higher levels in the coming weeks, as whale activity and overall market sentiment support further gains. Featured image from Dall-E, chart from TradingView
Chainlink (LINK) has enjoyed a sharp surge of more than 21% over the past 24 hours. Here’s what data suggests could be behind this rally. Chainlink Has Surprised Crypto Market With Breakout In The Past Day While most cryptocurrency sectors have seen flat or small green returns over the last 24 hours, Chainlink has shown a decoupling as it has observed some sharp bullish momentum in this window. Related Reading: Bitcoin Still Has “A Lot Of Room To Run Before Reversal,” Says Top Analyst Here is a chart that displays how LINK’s recent performance has looked like: With this sudden burst, Chainlink has touched the $16.7 mark for the first time since the crash during the first half of April. While the asset has now retraced a major part of this plunge, it still hasn’t made a full recovery. Should LINK’s bullish momentum continue, though, it may not be too long before the cryptocurrency can reclaim the $17.8 level it was trading at just before the crash. As for where Chainlink stands in the wider market, the table below shows that, based on market cap, it’s currently the 15th largest coin. LINK isn’t too far off from Polkadot (DOT) now, so it’s possible that if the price rise continues, the coin will dethrone DOT and take over the 14th spot on the list. Now, what could be the reason for Chainlink’s sudden decoupling from the rest of the market? Data from the on-chain analytics firm Santiment may perhaps provide some hints. The Total Number Of LINK Whales Is At A 6-Month High Now As pointed out by Santiment in a post on X, Chainlink investors holding 100,000 tokens or more of the asset in their balance have recently seen their address count increase. This cutoff is equivalent to around $1.67 million at the current LINK exchange rate. Investors with holdings this large are popularly referred to as whales. Whales can be influential entities in the market because they can move a large amount of volume in a short span of time. As such, their behavior may be worth monitoring. From the graph, it’s visible that Chainlink’s total number of whale addresses has hit 564 after the latest rise, which is the highest the metric has been since October of last year. This increase in the number of whales on the network may be partially behind the surge that LINK has just seen. In the same chart, the analytics firm has also attached the data for another indicator: social dominance. This metric tells us about the share of cryptocurrency-related social media discussions that LINK occupies right now. Related Reading: XRP & Cardano Whales Load Up Bags: Preparation For Altcoin Rally? This indicator has shot up alongside this rally, implying the interest around the coin has spiked. Historically, such a rise in attention has been a bearish sign for the asset, so it remains to be seen if these high values will be maintained. “If social dominance calms and FOMO doesn’t take over, bullish conditions are ahead,” notes Santiment. Featured image from iStock.com, CoinMarketCap.com, Santiment.net, chart from TradingView.com