Chainlink (LINK) price breaks through the key resistance level of 23 USD, and the technical analysis shows a complete rising channel structure. If it holds the support level of 22.50 USD, the next target looks towards the 40 USD Fibonacci extension level. On-chain data shows that Whales have accumulated 1.25 million LINK (approximately 29 million USD) within 48 hours, while there is a net outflow of 25 million USD from the exchange. The new collaboration with PublicAI combines Oracle Machine data with AI prediction systems, expanding AI-driven reputation scoring and risk analysis use cases, providing fundamental support for the price.
The technical aspect shows an ascending channel with Fibonacci pointing to a target of 40 dollars.
(Source: TradingView)
Chainlink price continues to rise within an ascending channel, showing a series of higher lows and clear resistance levels. The current price is trading around $23, with $22.50 forming an important support level. Buyers are initially targeting around $30, subsequently extending to the $40 Fibonacci extension level. LINK price has broken through recent barriers, and if it holds above $24 upon a retest, it suggests stronger upward potential. The Fibonacci levels align with the 2.618 projection, providing a framework for potential long-term trends. The candlestick chart shows confirmation signals, with each pullback forming higher bases and confirming demand, thus maintaining a bullish outlook in the long term.
DMI Indicator Strengthens Bullish Signal ADX High Value Indicates Trend Strength
The Directional Movement Index (DMI) reinforces a bullish pattern, with the +DI line positioned above the -DI line, while the ADX maintains a high value of 29. This signal indicates strong directional force, increasing the probability of further growth. The price faces resistance around $28.50 and $30, and profit-taking may cause a temporary pause. The LINK price must hold the $22.50 level to maintain structural validity and prevent a deeper decline. If the channel remains intact, the price could reach $35 and test $40 without losing momentum. A break below the channel support would shift attention to the $18 defense zone.
Whale accumulates massively, purchasing 1.25 million LINK in 48 hours
On-chain data shows that whales have accumulated 1.25 million LINK in just 48 hours, supporting the confirmation of market liquidity. At the same time, Chainlink announced its integration with PublicAI, enhancing the network by combining oracle machine data with an AI-driven forecasting system. These two factors create a unique situation where utility growth and coin hoarding momentum converge. The price of LINK benefits from whale demand, helping to reduce selling pressure and tighten available supply. The PublicAI partnership expands oracle machine use cases to include AI-driven reputation scoring and risk analysis. As usage grows, the adoption narrative becomes more nuanced and further attracts liquidity.
Exchange net outflow of 25 million USD, wallet count exceeds 796,000
The on-chain monitoring platform DexCheck AI reports that new wallets have actively accumulated LINK during the recent price decline. Over 4,200 wallets have increased their LINK holdings in the past 24 hours, bringing the total number of on-chain holders to over 796,000. The same report reveals that investors are withdrawing LINK from centralized exchanges: over 25 million USD worth of LINK has been withdrawn to personal wallets, while 23 million USD has been deposited back to exchanges. This shift has resulted in a net outflow of 2 million USD from centralized platforms. Outflows from exchanges are often seen as a sign that investors prefer self-custody, especially during periods of uncertain price action. The increase in wallets may also indicate a broader retail or mid-sized accumulation base.
Key resistance level at $28 becomes the focus, whether it breaks or not will determine the market direction.
Technical analyst Ali Martinez warns that LINK must regain the support level of 28 USD to avoid further losses. He points out that if this level cannot be held, the asset may be exposed to the risk of correcting to 16 USD. Currently, LINK is trading around 22.96 USD, recovering from early lows but still below the mid-20 USD resistance area. The 28 USD mark has become a key focus, with many traders watching how LINK reacts if it is tested again. At the time of the warning, LINK experienced significant volatility, leaving traders uncertain about its short-term direction. A rejection near 28 USD could fuel selling pressure, while a confirmed breakout might open the path to higher targets.
Conclusion
Chainlink is showing a strong pattern driven by both technical and fundamental positives, with a rising channel structure and Whale accumulation forming a bullish resonance. The collaboration with PublicAI expands the application scenarios of the Oracle Machine in the AI field, providing support for long-term value. Investors need to closely monitor the breakthrough of the key resistance level at 28 dollars; successfully reclaiming this position may open up an upward trend towards 30-40 dollars, while failing to hold the support at 22.50 dollars could test the 18 dollars defense area. The net outflow from the exchange and the growth of wallets indicate that investors are making strategic layouts rather than engaging in short-term speculative behavior.
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Chainlink breaks through the $23 mark as Whales increase their holdings by 1.25 million LINK in 48 hours, targeting a $40 goal | LINK Price Prediction
Chainlink (LINK) price breaks through the key resistance level of 23 USD, and the technical analysis shows a complete rising channel structure. If it holds the support level of 22.50 USD, the next target looks towards the 40 USD Fibonacci extension level. On-chain data shows that Whales have accumulated 1.25 million LINK (approximately 29 million USD) within 48 hours, while there is a net outflow of 25 million USD from the exchange. The new collaboration with PublicAI combines Oracle Machine data with AI prediction systems, expanding AI-driven reputation scoring and risk analysis use cases, providing fundamental support for the price.
The technical aspect shows an ascending channel with Fibonacci pointing to a target of 40 dollars.
(Source: TradingView)
Chainlink price continues to rise within an ascending channel, showing a series of higher lows and clear resistance levels. The current price is trading around $23, with $22.50 forming an important support level. Buyers are initially targeting around $30, subsequently extending to the $40 Fibonacci extension level. LINK price has broken through recent barriers, and if it holds above $24 upon a retest, it suggests stronger upward potential. The Fibonacci levels align with the 2.618 projection, providing a framework for potential long-term trends. The candlestick chart shows confirmation signals, with each pullback forming higher bases and confirming demand, thus maintaining a bullish outlook in the long term.
DMI Indicator Strengthens Bullish Signal ADX High Value Indicates Trend Strength
The Directional Movement Index (DMI) reinforces a bullish pattern, with the +DI line positioned above the -DI line, while the ADX maintains a high value of 29. This signal indicates strong directional force, increasing the probability of further growth. The price faces resistance around $28.50 and $30, and profit-taking may cause a temporary pause. The LINK price must hold the $22.50 level to maintain structural validity and prevent a deeper decline. If the channel remains intact, the price could reach $35 and test $40 without losing momentum. A break below the channel support would shift attention to the $18 defense zone.
Whale accumulates massively, purchasing 1.25 million LINK in 48 hours
On-chain data shows that whales have accumulated 1.25 million LINK in just 48 hours, supporting the confirmation of market liquidity. At the same time, Chainlink announced its integration with PublicAI, enhancing the network by combining oracle machine data with an AI-driven forecasting system. These two factors create a unique situation where utility growth and coin hoarding momentum converge. The price of LINK benefits from whale demand, helping to reduce selling pressure and tighten available supply. The PublicAI partnership expands oracle machine use cases to include AI-driven reputation scoring and risk analysis. As usage grows, the adoption narrative becomes more nuanced and further attracts liquidity.
Exchange net outflow of 25 million USD, wallet count exceeds 796,000
The on-chain monitoring platform DexCheck AI reports that new wallets have actively accumulated LINK during the recent price decline. Over 4,200 wallets have increased their LINK holdings in the past 24 hours, bringing the total number of on-chain holders to over 796,000. The same report reveals that investors are withdrawing LINK from centralized exchanges: over 25 million USD worth of LINK has been withdrawn to personal wallets, while 23 million USD has been deposited back to exchanges. This shift has resulted in a net outflow of 2 million USD from centralized platforms. Outflows from exchanges are often seen as a sign that investors prefer self-custody, especially during periods of uncertain price action. The increase in wallets may also indicate a broader retail or mid-sized accumulation base.
Key resistance level at $28 becomes the focus, whether it breaks or not will determine the market direction.
Technical analyst Ali Martinez warns that LINK must regain the support level of 28 USD to avoid further losses. He points out that if this level cannot be held, the asset may be exposed to the risk of correcting to 16 USD. Currently, LINK is trading around 22.96 USD, recovering from early lows but still below the mid-20 USD resistance area. The 28 USD mark has become a key focus, with many traders watching how LINK reacts if it is tested again. At the time of the warning, LINK experienced significant volatility, leaving traders uncertain about its short-term direction. A rejection near 28 USD could fuel selling pressure, while a confirmed breakout might open the path to higher targets.
Conclusion
Chainlink is showing a strong pattern driven by both technical and fundamental positives, with a rising channel structure and Whale accumulation forming a bullish resonance. The collaboration with PublicAI expands the application scenarios of the Oracle Machine in the AI field, providing support for long-term value. Investors need to closely monitor the breakthrough of the key resistance level at 28 dollars; successfully reclaiming this position may open up an upward trend towards 30-40 dollars, while failing to hold the support at 22.50 dollars could test the 18 dollars defense area. The net outflow from the exchange and the growth of wallets indicate that investors are making strategic layouts rather than engaging in short-term speculative behavior.