ChainlinkUpdate

Chainlink (LINK) has regained bullish traction after a successful breakout and retest of a critical price pattern, now aiming for the $23 resistance level. As of press time, LINK trades near $19.41, marking a remarkable 58% surge from its June low of $12.33.
This bullish momentum is being strongly supported by a wave of whale accumulation, technical breakout patterns, and rising trading volume, though overbought signals and exchange inflows suggest a potential near-term correction.
Whale Confidence Grows with Massive Accumulation
According to a recent post by a well-followed crypto expert on X (formerly Twitter), whales have scooped up more than 8 million LINK tokens in the past month. On-chain analytics from IntoTheBlock further confirm that transactions ranging from $1 million to $10 million have surged over 1,400%, while those between $100,000 and $1 million have risen by 463%.
This substantial activity underscores growing confidence among large holders in LINK’s future trajectory.
Technical Breakout and RSI Analysis
CryptosNewss’s technical analysis highlights that LINK has broken through key resistances, including a descending trendline and horizontal barrier at $18. The asset also completed a bullish double-bottom formation, a pattern typically preceding further upward movement.
However, the Relative Strength Index (RSI) is currently at 82, signaling that LINK is deep in overbought territory. Historically, such levels precede pullbacks, suggesting traders should be cautious in the short term.
Exchange Inflows Suggest Caution
Data from CoinGlass shows that LINK holders are starting to take profits, with exchanges receiving $1.74 million worth of LINK in the last 24 hours. This inflow could be an early signal of a minor sell-off, potentially slowing LINK’s upside momentum.
Despite this, LINK’s trading volume is up 6.5% from the previous day, reinforcing that buying interest remains strong. Whether the bulls can maintain control depends largely on the market’s ability to keep LINK above the $18 support level.
Can LINK Hit $23?
If the bullish momentum continues and market sentiment holds, LINK could gain another 20%, pushing toward the $23 resistance level. However, any shift in sentiment or significant sell-off could trigger a short-term pullback toward the $18 zone.
Investors are advised to monitor whale activity, RSI levels, and exchange flows to assess the sustainability of this rally.
The post appeared first on CryptosNewss.com
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LINK Just Exploded!🚨 30% Gain in 24 Hours🚀🚀🚀 Is $40 the Next Target?
Chainlink (LINK) is going crazy! The price has jumped over 30% in just 24 hours, climbing from $20.28 to hit a yearly high of $29. The chart shows strong momentum, with steady volume building up and RSI approaching the overbought zone. LINK is getting closer to breaking major resistance levels, and it might just keep pushing higher Hold Tight.
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💥This insane rally comes after buyers started showing serious interest. It’s like they’ve suddenly woken up and realized the potential of Chainlink’s technology. The breakout is real, and if you’ve been holding LINK, this is probably the moment you were waiting for. For those sitting on the sidelines, it’s looking like there might be some good chances to enter if there’s a slight pullback – maybe around $25-$26.
🚀The way LINK has been moving, it doesn’t seem 🔥like it’s gonna stop here. People are already talking about it breaking past $30 and heading for even bigger numbers. The bullish trend is obvious, and the price action shows the market is fully in favor of the buyers right now. there is another massive rally coming?
🚨🚨Most Important: Donald Trump's family also supports Chainlink (LINK) and recently they made collaboration. Trump-Supported World Liberty Financial Taps Chainlink Data Services as DeFi Platform Takes Shape 👉Chainlink will provide crucial pricing data and cross-chain interoperability infrastructure for the nascent DeFi platform.
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#MarketMajorComeback #ChainlinkUpdate #linkPriceSurge #LinkPumpAlert #ChainlinkPotential $LINK