4 Positive Sentiments that Could Drive Chainlink (LINK) Recovery in April 2026

Jakarta, Pintu News – After six consecutive months of closing with a red candle, a green candle finally appeared on the monthly timeframe. Even so, Chainlink price is still moving below $10. The sideways movement in the area below $10 throughout March seems to be seen by investors as an accumulation opportunity.

LINK’s on-chain data also shows a number of important signals that support a positive outlook for the coming month.

Chainlink Accumulation Reaches New Record as Whale Buying Intensifies

Data from Arkham Intelligence shows that there have been a number of large purchases of LINK over the past week. Among them, 217,000 tokens worth $2 million were purchased via OTC transactions from Cumberland, as well as 83,000 tokens worth $800,000 accumulated via Binance.

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In addition, a large investor with the address 0x91c was recorded as buying 384,000 LINK, equivalent to about $3.49 million, through OTC transactions from B2C2 Group and Galaxy Digital.

According to data from analytics platform Santiment, the number of wallets holding at least 1,000 LINKs has risen to 25,420. This is the highest level since December 3, 2025.

The data shows a fairly clear trend: medium to large investors are actively adding to their LINK holdings, rather than offloading them to the market.

“Although LINK is still moving in the $9 to $10 range since early February, wallets with large capital are gradually coming back into the network in anticipation of a potential breakout in the future,” Santiment wrote.

Price stability accompanied by an increase in the number of storing wallets is a classic on-chain signal. It generally reflects hidden buying pressure that continues to build below the market surface.

Institutional capital flows have also started to enter Chainlink through traditional financial products. In March 2026, the LINK spot ETF in the United States set a new record for total net assets, which now stands at $93.74 million.

Data from SosoValue shows that the total net assets of the LINK ETF have been steadily increasing since early February. Its chart formed a sharp upward trend throughout March.

Weekly Inflows Remain Positive, but LINK’s Upside Potential Remains Limited

Weekly net inflows were consistently recorded in the positive zone, without a single negative week. This trend shows that institutional demand for LINK exposure remains strong.

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In addition, data from CryptoQuant shows that LINK’s reserves on exchanges continue to gradually decline, while its price is still moving sideways below $10.

Currently, LINK’s total reserves on exchanges stand at 127.3 million LINK. The decrease in supply available on exchanges, coupled with increased accumulation, is the foundation that could open up opportunities for price recovery.

In terms of technical analysis, LINK is now approaching a crucial phase. Analysis on TradingView shows that the price of LINK is at its most important support area since 2019. If this level can be maintained, the price structure has the potential to enter a major change.

Historically, long-term support zones like this are often areas with strong rebound potential. The combination of solid technical support, accumulation by whales and institutions, and reduced supply on the exchanges forms a setup worth a closer look.

However, the crypto market remains inherently unpredictable. A recent report from the BeInCrypto website states that altcoin trading volumes have dropped 85% amid macroeconomic uncertainty, as investors begin to shift focus to Bitcoin.

Therefore, despite the recovery in April, LINK’s upside room may still be limited as market sentiment remains cautious.

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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. Crypto trading activities are subject to 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:

• BeInCrypto. 4 Positive Factors Driving Chainlink (LINK) Recovery in April. Accessed on March 27, 2026