{"id":16622,"date":"2025-09-04T10:33:02","date_gmt":"2025-09-04T09:33:02","guid":{"rendered":"https:\/\/investx.fr\/en\/?p=16622"},"modified":"2025-09-04T10:33:03","modified_gmt":"2025-09-04T09:33:03","slug":"chainlink-faces-major-challenge-heading-towards-31-dollars-abyss","status":"publish","type":"post","link":"https:\/\/investx.fr\/en\/crypto-news\/chainlink-faces-major-challenge-heading-towards-31-dollars-abyss\/","title":{"rendered":"Chainlink Faces Major Challenge: Heading Towards $31 or the Abyss?"},"content":{"rendered":"\n
Over the past 48 hours, whales have purchased 1.25 million Chainlink<\/a> (LINK)<\/strong>. This indicates aggressive accumulation during a period of intense market activity. Exchange<\/a> outflows have also shown a recent decrease of $1.84 million<\/strong>. These confirm that few tokens are available for trading<\/a>. This reduction in liquid supply creates favorable conditions for a potential price increase.<\/p>\n\n\n\n The weekly chart analysis of Chainlink reveals a rounded bottom formation, suggesting an accumulation phase followed by a bullish breakout attempt<\/strong>. The MACD has remained in a positive orientation, reinforcing the upside potential toward the supply zone from $28 to $32<\/strong>. Beyond that, targets at $31.57, $39.45, and even $44.32 are identified according to Fibonacci levels.<\/p>\n\n\n\n Spot market activity for LINK has significantly increased, indicating growing market engagement<\/strong>. Buyers are actively positioning themselves while sellers are exercising caution, which could potentially lead to increased volatility and unpredictable price movements. This dynamic often reveals an upcoming bullish momentum.<\/p>\n\n\n\n Liquidation data reveals that short sellers are being forced to exit their positions. They have a positive balance of $180,000<\/strong> in recent liquidations compared to just $14,000<\/strong> for long positions. This dynamic is likely to create a “short squeeze” effect, further fueling upward pressure on LINK’s price.<\/p>\n\n\n\n Whale accumulation, reduced exchange supply, increasing spot market activity, and short liquidations create a solid bullish context<\/strong> for Chainlink. However, resistance in the $28 to $32 supply zone remains a critical obstacle to watch. If buyers manage to break through it, the potential for an upward move toward $31<\/strong>, or even $40, would be significantly strengthened.<\/p>\n\n\n\n Chainlink could experience a rise toward new highs<\/strong> in the coming months. Follow these steps to acquire LINK and optimize your trades with GetAgent, Bitget’s AI trading agent:<\/p>\n\n\n\n
<\/figure>\n\n\n\nIncreased Market Activity: Sign of an Upcoming Move<\/h2>\n\n\n\n
<\/figure>\n\n\n\nLINK Faces Decisive Resistance<\/h2>\n\n\n\n
<\/figure>\n\n\n\nHow to Buy Chainlink on Bitget?<\/h3>\n\n\n\n