Chainlink (LINK) has started to show significant market movements alongside an increase in whale transactions. This development raises the possibility of the price being retested at critical support and resistance levels.

On-chain data indicates that a large amount of LINK tokens has been transferred to Binance. This situation shows that liquidity is increasing and potential fluctuations may occur in the altcoin market.

According to COINOTAG's assessment, 'Chainlink's past unlocking processes have often followed significant price increases. Current whale movements may also carry signals of a bullish trend.'

Price forecasts indicate that, amidst increasing whale activity and market volatility, LINK may make possible retests at levels between $10 and $15; this means significant opportunities for investors.

The Increase in Whale Transactions Reflects Interest in Chainlink

Recently, there has been a significant increase in Chainlink whale transactions. Approximately 17.85 million LINK tokens, worth about $149 million, were transferred from out-of-circulation wallets to Binance. Such large token movements are often precursors to increasing trading activities and price fluctuations. Reliable sources like Lookonchain also confirm this trend and note an increase in institutional interest towards LINK. These types of movements signal that major market players could lead to significant price changes, making them critical developments for investors to follow.

Chainlink Unlock Events and Historical Price Performance

In Chainlink's history, there are 11 major token unlocking events, most of which have experienced price increases. These unlocking processes lead to an increase in supply by releasing previously locked tokens to the market, but they generally occur in parallel with a strong bullish market sentiment. Therefore, it is believed that the current whale transfers could similarly herald an approaching rise. Analysts recommend closely monitoring these events in terms of investor behavior and price trends.

Technical Outlook: Critical Period for Chainlink Price

From a technical perspective, the Chainlink price has been moving within a declining channel since May 2025, and the support region around $11.50 has been maintained since October 2024. The price is currently in a consolidation phase; the Stochastic RSI has dipped into the oversold region, giving a potential bullish signal. Although volume data has shown a decrease following the rise in April, market players expect a significant breakout soon. If LINK can maintain the support level, it seems possible for the price to rise to $13 and then $15.

Possible Risks and Support Levels

However, there are also downside risks. If the downtrend continues, LINK could drop to the lower boundary of the declining channel and the critical support level of $11.50. A break below this level could pull the price down to $10, which is an important psychological and technical boundary. Signs of increasing selling pressure should be monitored closely, as this could indicate a deeper correction. Implementing risk management strategies in the current volatility and uncertainty environment is critically important.

Market Outlook and Investor Recommendations

The market sentiment around Chainlink is cautious but also hopeful. The increase in whale activities, combined with past unlocking trends and technical indicators, points to significant price movements in the short term. Investors are advised to closely monitor on-chain data and technical analyses. Obtaining up-to-date information from reliable sources such as COINOTAG and The Crypto Times can provide an advantage in LINK investments.

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