Altcoins News

Story: Chainlink Reclaims Bullish Momentum as LINK Eyes a Run Toward $23

By Dan Saada

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Chainlink’s Breakout Holds as Bulls Remain in Control. LINK’s recent move above the $18 zone, followed by a successful retest of that level, indicates…

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Whale Activity Surges: Over 8 Million LINK Accumulated. On-chain data shows that large investors have been accumulating aggressively.

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Trading Volume Climbs as Investors Join the Rally. With LINK’s price pushing higher, overall investor activity has also picked up.

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Can LINK Reach $23?. Analysts from AMBCrypto suggest that if current momentum holds, LINK could jump another 20% to…

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Inflows to Exchanges Hint at Caution. Despite bullish sentiment, not all metrics point in the same direction.

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Final Thoughts. Chainlink’s recent surge comes on the back of strong technical signals, aggressive whale…

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Chainlink (LINK) is once again gaining attention as it pushes higher after confirming a bullish breakout.

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This technical pattern has served as a springboard for the current uptrend, pushing Chainlink above previous resistance zones. As of writing, LINK trades around $19.

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On-chain data shows that large investors have been accumulating aggressively. A popular crypto analyst shared on X (formerly Twitter) that whales have acquired more than 8…

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Supporting this, data from IntoTheBlock reveals a massive surge in whale transactions. Those valued between $1 million and $10 million have risen by more than 1,400%, while…

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Such sustained interest from large holders is often seen as a signal of upcoming gains, especially when accompanied by key technical confirmations.

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With LINK’s price pushing higher, overall investor activity has also picked up. The past 24 hours saw trading volume climb 6.

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Technical indicators also point to sustained momentum. Chainlink’s RSI currently sits at 82, indicating overbought conditions, but this can often persist in strong uptrends…

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The $23 area is viewed as the next major resistance, and reaching it would represent a full recovery from earlier declines in 2025.

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Despite bullish sentiment, not all metrics point in the same direction. On-chain analytics platform CoinGlass reports that exchanges have seen an inflow of around $1.

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