Chainlink Price Prediction: Whale Buys 800K LINK – Can it Trigger Recovery?

Jakarta, Pintu News – According to Coingape’s report, Chainlink price is at a crucial level, with the chart showing a bullish pattern in the demand area. This pattern hints at a possible rebound if support is able to hold strong.

Meanwhile, accumulation by whales during the most recent decline signaled increased confidence in LINK’s price. The combination of these factors portrays conditions that favor a potential breakout.

Bullish Flag and Demand Zone Signal Potential LINK Price Rally

LINK’s market price is currently trading at $21.81 after consolidating in the demand zone. A double bottom structure is starting to form, with the first bottom appearing on September 2 around $21 and the second bottom confirmed on September 6.

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After the retest, LINK’s price briefly rose about 17% to $25.6 before correcting again. The chart also displays a bullish pennant pattern, a trend continuation formation that reinforces the potential for a rebound.

Notably, if the price manages to break the resistance level at $25.20, it could potentially pave the way for a 28% rally towards $27.86. On the other hand, maintaining the demand zone is crucial to prevent downward pressure from reappearing.

Furthermore, confirmation of a sustained rise above $27.86 would validate the pennant pattern projection, with room to move towards $30. As such, Chainlink’s long-term price outlook remains optimistic, as the technical pattern shows the growing dominance of buyers.

Chainlink Confidence Increases as Whale Accumulation and Supply Decline

Whale added more than 800,000 LINKs during the latest price decline, according to Ali Charts data on the X platform. This accumulation reflects renewed interest for long-term positions within the demand zone. Such activity is often an early sign of price recovery as large holders seek strategic entry points.

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Netflow data also supports this narrative, with outflows of $14.45 million on September 24 according to CoinGlass. Consistent outflows indicate coins leaving exchanges, resulting in a diminishing supply for direct sales.

On the other hand, the low inflow indicates selling pressure remains limited despite short-term volatility. The combined metrics show strong accumulation aligned with technical support levels.

In the end, Chainlink price showed signs of resilience after repeatedly staying in the demand zone. LINK price got a boost from a combination of technical patterns as well as active whale participation.

The net flow trend further reinforces the optimism by showing reduced supply pressure. Hence, current conditions favor a potential breakout cycle ahead.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Trading crypto carries high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

• Coingape. Chainlink Price Prediction as Whales Buy 800K LINK – Can the Demand Zone Launch a Recovery? Accessed on September 26, 2025