Chainlink Price Eyes Big Rally, Whale Accumulation Soars

Key Insights:

• LINK tokens have continuously flowed out of exchanges since July 10, 2025, without a single pause.
• Transactions between $1 million and $10 million have surged by 77%.
• Large transaction volume in Chainlink has soared by 78.80% over the past 24 hours. With this, IntoTheBlock is flashing a bullish signal for the asset.
• A crypto expert predicted that once LINK clears the $19.50 level, it could quickly rally toward the $25–$27 range. There is no significant resistance in between.

After a 5% downside move, the Chainlink price has reached a key support level at $18. This marked the first time it has returned to this level since the breakout.

Crypto enthusiasts view this as a potential price retest and have started accumulating the token. The on-chain analytics tool Coinglass reported it.

Chainlink Price Outlook: Whale Activity Signals Bullish Momentum

On-chain metrics show that since the breakout above $18. It has become a support level, and exchanges have witnessed significant outflows of LINK tokens.

On July 23, 2025, the Chainlink price fell by over 5%. Following this drop, $10.38 million worth of LINK tokens exited the exchanges, hinting at possible accumulation or strategic repositioning.

The market sentiment is in a correction phase, and this outflow is seen as a sign of potential accumulation. Additionally, it could help the asset hold this support level and reduce selling pressure.

Also, transactions between $1 Million and $10 Million have surged by 76.92%. On the other hand, those between $100K and $1 Million have increased by 58.36%, per IntoTheBlock.

These transactions are typically linked to whales, and this surge suggests potential bullish activity. Meanwhile, traders on Binance also appear to follow the same bullish trend.

The Binance LINKUSDT Long/Short ratio indicates that traders are strongly bullish. A closer look reveals that 74.38% of Binance traders hold LINK long positions. At the same time, 25.62% are in short positions.

This bullish activity from traders and investors suggests that Chainlink price could soon recover and experience a significant upward move.

LINK Price Momentum

With this bullish activity from traders and investors, the Chainlink price firmly holds the $18 level. Also, it is currently hovering near $18.25. However, it has lost almost 6% of its value over the past 24 hours.

Given the current market sentiment, its trading volume has also dropped by 28%. This indicated a lack of participation compared to the previous day.

Meanwhile, LINK’s large transaction volume has surged by 78.17%, according to the on-chain analytics tool IntoTheBlock.

Chainlink Price Action and Key Technical Levels to Watch

LINK’s chart shows a retest of a bullish double-bottom pattern on the daily timeframe. Chainlink price action suggests potential continuation of upward momentum if support holds.

Considering the current key levels and overall market structure, Chainlink price could witness a massive 45% upside rally, potentially reaching $26.75. This bullish outlook remains valid if the price holds above the $18 level; otherwise, it could be invalidated.

Chainlink’s Relative Strength Index (RSI) has now dropped below the overbought territory. It stands at 65. This indicates bullish momentum is cooling off, and the asset may enter a consolidation phase unless buying pressure resumes.

A crypto expert recently predicted on X that Chainlink’s price could rally strongly after surpassing $19.50. They believe minimal resistance lies ahead until it reaches the $25–$27 zone.

Disclaimer

This article is for informational purposes only and provides no financial, investment, or other advice. The author or any people mentioned in this article are not responsible for any financial loss that may occur from investing in or trading. Please do your research before making any financial decisions.