Chainlink Whales Add 32.93 Million LINK as Price Targets $15 Breakout
Chainlink whales accumulated 32.93 million LINK, signaling a potential $15 price breakout, despite short-term caution.Summary
Chainlink (LINK) whales have accumulated 32.93 million tokens over 30 days, marking a 7.7% increase in holdings for wallets between 100,000 and 10 million LINK. This significant accumulation by non-custodial, high-capital wallets is historically seen as a precursor to price appreciation. On-chain data suggests this accumulation phase, occurring while LINK traded near multi-month lows, is setting up an early-stage supply squeeze. Technically, LINK has broken its descending trendline from August 2025, with strong support identified near $9.40. The price is targeting the $15 level, a 50% move from current prices, with further resistance at $17.52 and $19.96. The daily RSI also shows a bullish trend. However, the four-hour chart indicates near-term caution, with LINK trading in the lower half of an ascending channel and facing resistance at the midline around $10.40. A sustained close above $10 is needed to align the short-term outlook with the bullish daily breakout, while a drop below $9.40 would invalidate the bullish scenario.
(Source：BeInCrypto)