Chainlink Whales Add 32.93 Million LINK as Price Targets $15 Breakout

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Chainlink (LINK) closes a multi-month accumulation phase as on-chain data shows whales adding 32.93 million tokens in 30 days. The setup positions LINK for a potential push toward $15.

LINK trades near $10 after a 1% pullback, with the daily chart breaking its August 2025 trendline. The four-hour structure still flashes caution after a midline rejection earlier this week.

Whales Stack 32.93 Million LINK in 30 Days

Santiment data shows wallets holding 100,000 to 10 million LINK absorbed 32.93 million coins in one month. That marks a 7.7% rise in 30 days. Collective holdings from this cohort now sit at an all-time high above 461 million LINK across roughly 461,000 wallets.

This tier matters because it sits between retail traders and exchange-controlled custodial accounts. These addresses move meaningful capital but stay non-custodial, making their behavior a cleaner read on conviction. Santiment wrote:

“Historically, when this specific tier accumulates aggressively, it tends to precede rather than react to price appreciation.”

The pattern lines up with the chart. Absorption happened through Q1 2026 while LINK traded sideways near multi-month lows. Reduced exchange supply now sets up what Santiment frames as an early-stage supply squeeze. The setup gains weight if Bitcoin (BTC) sustains its bid.

Chainlink Price Prediction Eyes $15 if $9.40 Holds

The daily chart paints a constructive picture that aligns with the on-chain signal. Chainlink broke its descending trendline drawn from the $28 high on August 22, 2025. The breakout occurred on March 15 and was retested cleanly on March 22 (blue circle).

The Visible Range Volume Profile (VRVP) places the heaviest volume support near $9.40. That zone is now acting as the base. Above the current price, the next significant volume blocks line up near $15 and $17.52.

The first measured target sits at the 0.382 Fibonacci retracement near $15.08. That marks a roughly 50% move from current levels. The next confluence sits at the 0.5 Fibonacci near $17.52, with $19.96 as a stretch target at the 0.618 Fibonacci.

The thesis is reinforced by daily RSI, which has bounced off a descending trendline drawn from July 2025. That trendline acted as resistance throughout 2026 and turned into support in early May. The shift pushed RSI back into bullish territory and printed a higher high.

A daily close below $9.40 would invalidate the bullish setup and reopen the prior consolidation range. With the broader BTC trend holding, whale accumulation combines with broken downtrends to keep LINK biased higher into the volume zones above.

Four-Hour Structure Flashes Near-Term Caution

The on-chain conviction does not translate into immediate momentum on lower timeframes. LINK has been trading inside an ascending parallel channel since February 6, showing a clear behavioral shift mid-stream.

During the first half of that span, price rode the upper portion of the channel. The upper band acted as resistance, and the midline as support. After March 26, that dynamic flipped. LINK started to trade in the lower half.

The midline now acts as resistance, and the lower band as support.

On May 6, the four-hour candle was rejected from the channel midline near $10.40. The price now struggles to confirm prior resistance at $10 as new support. MACD on the four-hour chart points to continued downside pressure.

If sellers extend the rejection, the lower band of the channel sits near $9.30. A reclaim of the midline opens the way to the upper band at $11.46. Sustained acceptance over $10 turns this near-term structure constructive again and aligns the lower timeframe with the daily breakout.

The post Chainlink Whales Add 32.93 Million LINK as Price Targets $15 Breakout appeared first on BeInCrypto.

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