Massive Chainlink Demand Wall At $6.26 As 90K Investors Buy 376M LINK

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, Chainlinks 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 LINKs 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, Chainlinks oracle technology and decentralized data feeds remain essential to bridging off-chain assets with on-chain applications. However, in the short term, LINKs 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. Chainlinks 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 hasnt 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

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Chainlink Whales Dump Over 170 Million LINK In Three Weeks Selling Pressure Ahead?

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 LINKs 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 hasnt 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

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Chainlink Breeds New Whales As $49.9 Million Accumulation Spree Cause Prices To Surge

Chainlink (LINK) has traders buzzing as its price has been up by 40% since the last week of January, massively outpacing the broader cryptocurrency market. Amidst this price spike, mysterious whale wallets have been topping up their holdings, as evidenced by on-chain data.  According to blockchain tracker Lookonchain, there’s been a massive outflow of LINK from crypto exchange Binance in the past two days, particularly with 49 new wallets receiving 2,745,815 LINK within this timeframe.  Massive LINK Accumulation Occurs On Binance Before Withdrawal Details from Binance point to an ongoing accumulation of LINK from the crypto exchange. In the middle of this accumulation, a particular whale or institution has been going on a buying spree, gobbling up more than 2.7 million LINK tokens worth $49.9 million. This accumulation came days after the Lookonchain noticed that four new wallets had withdrawn over 119,583 LINK tokens worth over $2.15 million from Binance. Related Reading: Bitcoin Miner Reserves Drop To June 2021 Levels, What This Means For Price Whales/institutions continue to accumulate $LINK! This mysterious whale/institution withdrew 2,745,815 $LINK($49.9M) from #Binance via 49 new wallets. Whale”0x2A19″ withdrew 494,957 $LINK($9M) from #Binance in the past 10 days.https://t.co/QoP2waErBShttps://t.co/iaPHa9f0XB pic.twitter.com/GUW1S33NHf Lookonchain (@lookonchain) February 7, 2024 Similarly, Lookonchain noted that another whale address “0x2A19” has withdrawn 494,957 LINK tokens worth $9 million from Binance in the past 10 days. Notably, whale transaction tracker Whale Alerts has also noted some accumulation of LINK tokens from other crypto exchanges. 800,000 #LINK (14,701,915 USD) transferred from #Bybit to unknown wallethttps://t.co/RQEu3CxLVM Whale Alert (@whale_alert) February 7, 2024 Analytics platform Santiment also noted that LINK whale addresses have upped their activity amidst the price surge as large amounts of coins were moved by previously stagnant wallets. This influx of tokens back into the network’s circulation, coupled with a minor liquidation of wallets, seems to have contributed to the price spike. #Chainlink has jumped ahead of the #altcoin pack after some previously dormant wallets created the highest Age Consumed spike (5.38B, calculated by multiplying coins moved by the amount of days those coins had been dormant). This influx of $LINK back into the (Cont) pic.twitter.com/eHVpeJz2HW Santiment (@santimentfeed) February 1, 2024 How Will New Chainlink Whales Impact Price Action Going Forward? The crypto industry is currently going through a modest price gain led by Bitcoin recently breaking above the $44,000 level again. As a result, the industry is now up by 3.25% in the past 24 hours, with a 22.60% increase in trading volume.  LINK hasn’t been left out of this price gain, registering a 4.30% gain in the past 24 hours. However, LINK has been on a sustained breakout since January, reaching as high as $19.68 on February 5.  Related Reading: Cardano Activity Sees New Life That Could Send ADA Price Soaring, Here Are The Targets The price spike isn’t particularly surprising, as fundamentals of the Chainlink ecosystem point to a steady price growth for LINK. Chainlink’s role in DeFi and NFTs with its smart contracts oracles cannot be overstated. Chainlink also recently released its Staking v0.2 protocol in December, allowing investors to stake a minimum of 1 LINK for a base floor reward rate of 4.5% per year in LINK. Consequently, the massive accumulation of LINK by whales is a very bullish signal for the token’s price action going forward. These large investors see LINK’s long-term value and potential and are loading up their bags in anticipation of higher prices. LINK price trading high at $18.7 | Source: LINKUSD on Tradingview.com Featured image from CoinMarketCap, chart from Tradingview.com

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Chainlink (LINK) Whale Transfers Spike, Bearish Sign?

On-chain data shows that Chainlink (LINK) whales have become quite active in recent days, a sign that may be bearish for the asset’s price. Chainlink Whale Transactions Have Shot Up In Number Recently According to data from the on-chain analytics firm Santiment, whale transactions hit a 2023 high just as the price dipped toward the $5 mark. The “whale transaction count” is an indicator that keeps track of the number of Chainlink transfers taking place on the blockchain that involve the movement of tokens worth at least $1 million in value. When the value of this metric is high, it means that there are a large number of sizeable LINK transactions occurring on the network right now. Generally, transfers worth more than $1 million are thought to be coming from the whales, so this kind of trend can be a sign that the whales are active currently. On the other hand, the low values of the indicator imply the whales aren’t making that many moves at the moment. As whale transactions are quite large in scale, a lot of them happening at once can cause fluctuations in the market. Thus, a lack of them happening (that is, low values) can result in a more stable market. Now, here is a chart that shows the trend in the Chainlink whale transaction counts over the last few months: The value of the metric seems to have been quite high in recent days | Source: Santiment on Twitter As displayed in the above graph, the Chainlink whale transaction count saw a couple of spikes during the last week or so. This would hint that whales of the cryptocurrency may have been actively trading in this period. These high values of the indicator took place simultaneously with the asset’s price sliding down and hitting a three-year low of around $5, implying that at least some of the transactions may have been made for selling-related purposes. Related Reading: Bitcoin Stuck In Historically Tight Range, Calm Before The Storm? Interestingly, the whale activity continued to remain elevated even after the coin hit its $5 local bottom and saw a rebound. In fact, the largest of the metric’s spikes, which set a new high for the year 2023, came just as Chainlink bottomed out. The timing of this extreme elevation in the whale transactions may be a sign that some of these humongous investors saw the dip as a profitable buying opportunity and participated in some accumulation, leading to the price being able to rebound. In the chart, Santiment has also displayed the trend in the supplies of the investor groups holding between 1,000-10,000 LINK and 10,000-100,000 LINK. Both these cohorts seem to have done some buying recently as their supplies have shot up, implying that market-wide buying may have taken place at the lows. Related Reading: Bitcoin Bearish Signal: Miners Sell At 3rd Largest Scale Ever Since the bottom, however, Chainlink has only seen a minute increase as it’s still trading quite near the low itself. Whale transactions are also still at higher-than-average levels for the year, and it’s hard to say what behavior these investors may be showing this time. Naturally, if the whales are still selling, then LINK might see further bearish price action in the near future. LINK Price At the time of writing, LINK is trading around $5.2, down 15% in the last week. Looks like the value of the asset has plunged | Source: LINKUSD on TradingView Featured image from Thomas Lipke on Unsplash.com, charts from TradingView.com, Santiment.net

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Chainlink Hits $13.5 For The First Time Since July Smart Money Accumulation?

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, Chainlinks 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 tokens 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, Chainlinks decoupling from the pack could indicate that its 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 LINKs price action. For the uptrend to continue, its 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

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Chainlink Whales Waking Up Data Shows Signs Of Accumulation

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 LINKs recent price action, drawing attention from analysts and investors alike.  According to crypto analyst Ali Martinez, theres a notable trend unfolding beneath the surface: Chainlink whales [...]

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Chainlink (LINK) Eyes New ATH: $4.7M Investment and Cross-Chain Upgrade Propel 24% Rally

Chainlink (LINK) has been on a strong bullish trajectory, registering a 24% gain over the past week. This impressive rally highlights growing investor confidence in the asset, fueled by significant technical advancements and institutional interest. However, despite its upward momentum, LINK is experiencing short-term volatility due to broader market fluctuations, particularly Bitcoins recent retracement. Chainlink […]

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