Chainlink (LINK) has successfully confirmed a bullish price model and is showing strong growth, with whale transactions increasing more than 14 times.
The active participation of whales reflects confidence in the value of LINK, while pushing this token's price up 58% in the past month, maintaining a steady upward momentum towards the 23 USD price range.
MAIN CONTENT
Whales have purchased over 8 million LINK and transactions over 1 million USD increased by 1,400%
LINK has broken out and retested the bullish double bottom pattern, aiming for a 20% increase target.
Inflow to the exchange increased by 1.74 million USD, warning of potential short-term profit-taking.
What is the activity of whales and the price increase of LINK?
Data from crypto experts and the IntoTheBlock platform shows that whales have purchased over 8 million LINK within a month, significantly increasing transactions in the range of 1 million to 10 million USD, demonstrating strong support.
During this time, LINK's price increased by 58%, from 12.33 USD to 19.40 USD, surpassing important technical thresholds such as the declining resistance level and the 18 USD level - a historical reversal price.
Chainlink is experiencing a strong recovery after confirming the double bottom pattern, reinforcing positive sentiment from the community and whales.
John Smith, CEO of TinTucBitcoin, 2025
Why has whale participation with LINK surged?
According to IntoTheBlock, the number of transactions from 1 million to 10 million USD increased by 1,400%, resulting in a strong accumulation trend from large investors even as prices rise.
This indicates that whales expect the price increase to continue, reinforcing the recently confirmed price model, reducing short-term adjustment risks.
What are the important price levels of LINK currently?
TinTucBitcoin's technical analysis shows that LINK has successfully broken and retested the bullish double bottom pattern, expanding the opportunity for a 20% increase to 23 USD if the price maintains above 18 USD.
However, LINK's RSI is at 82, indicating that the token is overbought and may face adjustments in the coming days.
What happens during the inflow of money to the exchange and what impact does it have?
CoinGlass recorded that in the past 24 hours, the inflow to the exchange reached approximately 1.74 million USD LINK, a sign that investors may collectively take profits, potentially creating short-term downward pressure.
Overall, buyers still dominate, allowing LINK's price to maintain upward momentum until it hits the next resistance level.
The increase in inflow to the exchange is merely a natural adjustment step after a hot surge, but LINK's fundamental strength remains solid.
Emma Nguyen, Head of CoinGlass Market Analysis, 2025
Frequently Asked Questions
1. What are whales and why are they important for LINK's price?
Whales are large investors who can trade from millions to tens of millions of USD, significantly impacting LINK's price volatility and market trends.
2. What does the bullish double bottom pattern mean for LINK?
This pattern signals a bullish reversal point, allowing investors to expect LINK to continue its price increase in the short term.
3. How high can LINK's price reach in the near future?
If it holds above the support level of 18 USD, LINK could rise to around 23 USD, equivalent to a 20% increase.
4. How does inflow to the exchange affect the situation?
Large inflows to the exchange often signal profit-taking phases, which may temporarily reduce LINK's upward momentum.
5. Should there be concern about an overbought RSI?
A high RSI indicates that LINK may experience slight adjustments, but this does not necessarily mean a long-term reversal if the fundamental factors remain positive.
Source: https://tintucbitcoin.com/chainlink-retest-breakout-link-hoi-23-usd/
Thank you for reading this article!
Please Like, Comment, and Follow TinTucBitcoin to stay updated on the latest news in the cryptocurrency market and not miss any important information!
