Chainlink (LINK) Accumulation Surges with a 150% Rally on the Horizon

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February 21, 2025 by Usman Zafar

LINK stabilizes after a 28% drop, showing signs of recovery.
Exchange supply is shrinking, hinting at a potential supply shock.
Whales and institutions are accumulating LINK aggressively.
A breakout above $47.15 could trigger a 150% rally toward $88.

Chainlink (LINK) has faced significant turbulence, dropping 28% in recent days due to the broader bearish market trend. However, despite the sharp decline, LINK is showing signs of stability and recovery, currently down just 1% and hinting at renewed upward momentum.

At the time of writing, LINK is trading at $18.62, with a 24-hour trading volume of $691.24 million and a market cap of $11.88 billion. Over the last 24 hours, the price has increased 2.23%, signaling renewed buyer interest despite overall market uncertainty.

LINK Exchange Supply Drops, Bullish Signal Ahead

A major development in LINK’s on-chain activity suggests a potential bullish scenario. According to insights from CryptoSift, the supply of LINK on exchanges is rapidly declining. Unlike a typical bear market where whales sell off assets, this trend indicates that large investors are accumulating LINK aggressively.

This reduction in available exchange supply could set the stage for a supply shock, potentially driving prices higher in the coming weeks. Additionally, over-the-counter (OTC) transactions suggest that institutional players are quietly buying up LINK while retail investors panic sell. This strategic accumulation reinforces Chainlink’s position as one of the strongest long-term investments in this market cycle.

Chainlink Poised for Major Rally in Current Cycle, Eyes $88

Further supporting the bullish outlook, crypto expert Javon Marks maintains that LINK’s first key target remains at $47.15. If the price breaks this resistance, it could trigger an explosive 150% rally, potentially pushing LINK toward the $88 level in the current cycle. With the ongoing reduction in exchange supply and a strong accumulation trend, Chainlink appears to be setting up for a significant breakout.

Despite short-term market fluctuations, Chainlink’s on-chain metrics and investor behavior suggest that the asset is positioning itself for a major move. If accumulation continues and the broader crypto market regains momentum, LINK could be gearing up for one of its biggest rallies in this cycle. With institutional accumulation, declining exchange supply, and bullish price projections, Chainlink remains a crypto asset to watch closely in the coming months.

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