Chainlink Poised for Breakout Amid Whale Activity
Key Takeaways
Chainlink (LINK) may be on the verge of a price increase of up to 35%. Two key factors could influence this development: the actions of a large investor (whale) and positive on-chain data. Currently, the price is moving within a technical sideways pattern, indicating an impending directional decision. A breakout above the US$15.68 mark could pave the way for a rise to US$18.18. At the same time, declining exchange reserves and increasing network activity suggest a long-term accumulation phase.
Whale Investment as a Market Signal
A well-known Chainlink investor recently invested approximately US$2 million in LINK. They purchased 139,860 tokens at an average price of US$14.30. In total, this whale now holds 147,553 LINK. In the past, they achieved a profit of over US$161,000 with LINK trades. This renewed investment indicates a strategic positioning—possibly in anticipation of a significant price breakout.
Technical Outlook: Compression Before Movement
At the time of analysis, the LINK price stood at US$13.43—a decline of 4.27% over 24 hours. From a technical perspective, the price is currently moving within a symmetrical triangle and a falling wedge. These patterns are considered precursors to stronger price movements. A breakout above US$15.68 could activate a price target of US$18.18. Conversely, a drop below US$12.57 would invalidate the bullish scenario and make a correction more likely.
MVRV Z-Score Suggests Attractive Entry Point
The so-called MVRV Z-Score currently stands at 3.09. This value measures the ratio between the current market value and the realized value (average purchase price of the tokens). Values above 7 are considered overheated, while the current range between 2 and 3 has historically been seen as a favourable accumulation zone. This means that most investors are not sitting on large unrealized gains—a sign that major profit-taking is unlikely. This creates room for potential price increases.
Network Activity Shows Early Signs of Recovery
The number of daily active addresses on the Chainlink network is slowly increasing, though still below the levels seen in Q4 2024, currently at 921. Nevertheless, this rise signals growing interest and a gradual return of users. Increasing activity is often an early indicator of sustainable price development, as it points to more intensive use of the network.
Declining Exchange Reserves Support Bullish Scenario
LINK holdings on central crypto exchanges have decreased by 3.11%. The current value is around US$2.15 billion. A decline in exchange reserves typically means investors are withdrawing their tokens to hold them long-term. This reduces immediate selling pressure and can support a price rally. Combined with whale accumulation and positive on-chain data, this creates an environment that suggests a longer-term upward trend.
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Our Assessment
Chainlink currently shows several signs of a potential upward trend reversal. The targeted investment by a major investor, a favourable MVRV Z-Score, declining exchange reserves, and increasing network activity all point to a bullish development. However, the area around US$15.68 will be decisive. A sustained breakout above this level could pave the way for a rise to US$18.18. At the same time, support at US$12.57 remains critical—a break below this would significantly weaken the positive outlook. Anyone considering investing in LINK should closely monitor the price movement in the coming days.
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