Chainlink (LINK) Price: Whales Go All-In as Technicals Scream $30 Target

Massive wallets are stacking LINK while charts flash the strongest bullish signals in months.

The Whale Movement

Deep-pocketed investors just triggered another accumulation spree—grabbing millions in LINK tokens as price consolidates. These aren't retail gambles; these are calculated positions from players who move markets.

Technical Breakdown

Patterns don't lie. Symmetrical triangles, breaking resistance levels, and volume spikes all point toward one number: $30. That's not hopium—it's mathematics meeting momentum.

Why This Time Is Different

Previous rallies got crushed by macro conditions. Now? Institutional adoption's accelerating, and real-world asset tokenization actually needs Oracles—not just speculation. LINK's utility finally outweighs the hype.

Of course, traditional finance will call it reckless until they quietly allocate 2% of their portfolio 'for diversification.' Then suddenly, it's genius.

TLDR

• LINK price currently trades around $24 after hitting $26 highs, forming a bullish cup pattern
• Over 9,600 new wallets created in 24 hours, reaching 2025 highs for network activity
• Whales accumulated 1.29 million LINK tokens worth $31 million in just four days
• Data Streams product now covers traditional finance assets like Apple and Nvidia stocks
• Technical analysis shows $30.54 as next Fibonacci extension target with strong momentum indicators

Chainlink price has pulled back to $24.65 after briefly surpassing $26 earlier this month. The token hit lows below $10 in April before climbing to recent highs.

The price chart shows a rounded cup formation with resistance between $26 and $30. This demand zone previously acted as a rejection point in 2023.

LINK remains above its 50-day moving average at $18.87. The ADX indicator reads 35.57, showing strong directional momentum.

Technical support sits at $22.77 and $21.20 based on Fibonacci retracement levels. The RSI trades NEAR 63, indicating momentum without overheated conditions.

A decisive close above $24.77 could trigger renewed upward movement. The next Fibonacci extension level targets $30.54.

Chainlink Price Prediction

On-chain data from Santiment shows explosive user growth. Over 9,813 active LINK wallets made transactions on August 17, the highest since 2021.

🔗📈 chainlink has remained a force among the altcoin pack, jumping above $26 for the first time in seven months. On-chain activity has been even more impressive than the price. 9,813 different $LINK addresses made at least one transfer on Sunday, and 9,625 new $LINK wallets were… pic.twitter.com/ePGjiBcSyl

— Santiment (@santimentfeed) August 19, 2025

The following day saw 9,625 new wallets created. Both figures represent 2025 records for the network.

This wallet surge indicates growing retail participation in the LINK ecosystem. Higher user activity typically aligns with increased capital inflows.

The rapid network adoption validates recent price strength. Active addressing growth often precedes sustained market momentum.

Large investors have also increased their positions. One whale address accumulated over 1.29 million LINK tokens worth $31.15 million from Binance.

Product Development Expands Utility

Chainlink Data Streams now provides real-time feeds for traditional finance assets. The service covers major stocks including Apple, Nvidia, and the QQQ ETF.

This expansion into equity markets broadens Chainlink’s utility beyond crypto applications. Traditional finance integration could attract new institutional users.

The network also launched Chainlink Reserve, an on-chain mechanism designed to strengthen token utility. This strategic addition aims to improve long-term network stability.

These product upgrades demonstrate continued development despite market volatility. Enhanced functionality could support sustained price momentum.

Social dominance metrics show increased attention across crypto communities. Chainlink’s social dominance climbed to 1.43%, reflecting growing buzz around the token.

Higher visibility often drives speculative buying but can also increase volatility. The balance between HYPE and actual adoption remains important for sustained growth.

Current MVRV data shows many holders sitting on unrealized gains of 12.77%. Historically, such profit levels create selling pressure as investors lock in returns.

However, continued whale accumulation may absorb potential selling. This creates tension between profit-taking and accumulation trends.

The cup and handle pattern typically signals bullish continuation after consolidation. LINK has formed higher lows consistently since June, showing underlying strength.

Price rejected at $26 but held above previous swing lows. This resilience suggests demand remains strong despite short-term pullbacks.

Whales accumulated 1.29 million LINK tokens worth $31 million during the recent four-day period as price retested $24 levels.