Whale Activity Supports Chainlink’s Rebound

Recent data has revealed that whales have accumulated more than 8 million LINK tokens over the past month. This sustained activity from large investors has coincided with a significant price increase for Chainlink, which has risen from $12.33 to $19.40, representing a gain of over 58%.

Whales have bought over 8 million Chainlink $LINK in the past month! pic.twitter.com/9u29Kyx07p

— Ali (@ali_charts) July 19, 2025

This bullish momentum has enabled LINK to break through several important technical resistances. Notable among these are a descending trendline and a key horizontal level at $18, which has historically acted as a turning point.

$23 Target : Realistic Scenario or Over-optimism ?

AMBCrypto’s technical analysis shows that LINK has recently broken and successfully retested a bullish double bottom pattern. This paves the way for a significant price increase. If this positive momentum continues, LINK could surge by nearly 20% and reach $23 in the near future. However, this will only be possible if market sentiment remains stable and the asset maintains its position above the $18 threshold.

Source: IntoTheBlock

Meanwhile, LINK’s RSI currently sits at 82, indicating that the asset is in overbought territory. This could potentially lead to a correction in the coming days. Nevertheless, the sustained activity from whales suggests that bulls are currently dominating the market.

Chainlink (LINK) Under Surveillance : Key Levels to Watch

With increased whale activity, positive technical signals, and growing investor interest, Chainlink appears poised for a new upward phase. However, investors will need to closely monitor market developments and movements of large holders to anticipate future trends for LINK. If the bullish momentum is maintained, a rebound beyond $23 could well materialize in the coming weeks.

Here’s a simplified guide to obtaining the token on Bitget :

1. Registration : Create an account on Bitget’s website with an email address and secure password. Verify through email.
2. KYC Verification : Submit an ID document (passport/card) and a selfie in the “Verification” section to enable transactions (processing within 24 hours).
3. Deposit : Access “Wallet,” select USDT or fiat, and transfer funds from a wallet or bank account.
4. Purchase : Go to “Markets,” choose XRP/USDT, and place a market or limit order. Confirm the quantity.

More on this topic :

• The crucial $4,000 level approaches for Ethereum : What does the future hold ?
• XRP price could correct violently after its new ATH
• How crypto whales drove Tezos (XTZ) to explode by 112%