Chainlink (LINK): The Next Big Move Awaits?
Chainlink (LINK), one of the most prominent DeFi tokens, is currently trading in a consolidation phase, creating a long-term structure that might precede a major breakout. With a possible upside of 70-80% looming, let’s dive into the key trends and what this could mean for traders.
The Current State of Chainlink
After reaching its highs in 2025, LINK saw a rejection from the $26 range and entered a phase of compression. At present, it trades around a critical level near its 200-week moving average, a benchmark that has historically served as both resistance and support. If LINK holds above the $12–$13 zone, the positive structure remains intact, making a breakout more likely.
Resistance levels are now concentrated around the $18–$20 range. A decisive breakout here could push the price upward to $24-$26, representing a rally of up to 80% from its current level. However, a failure to maintain support would see LINK fall back into a range-bound state, losing its bullish appeal.
Market Players: What Are the Whales Doing?
Data from on-chain analytics reveals that whales have offloaded over 2 million LINK tokens in the last seven days. This phenomenon of distribution, rather than aggressive selling, could pave the way for smaller holders to reallocate these tokens ahead of increased volatility.
Historically, whale selling near compressing price zones doesn’t necessarily indicate bearish sentiment. Instead, it often signals liquidity preparation or profit-taking before a major market move. The fact that LINK has not broken below its long-term structure despite the selling pressure suggests that a breakout remains a strong possibility.
How Traders Should Prepare
Before diving into the LINK market, traders should remain cautious and rely on confirmed breakouts over speculative anticipation. This means keeping an eye on key resistance levels and waiting for significant volume to accompany price movement. A breakout past the $18-$20 range may be a green light for bullish trades.
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Conclusion
Chainlink is approaching a pivotal moment in its price journey. While the road to a potential 70-80% upside remains plausible, the divergence between stable price structure and whale activity adds a layer of complexity for traders. Keep your strategies aligned with technical confirmations and stay vigilant for market updates.
