- Whales accumulated over 800K LINK during the dip, signaling strong confidence despite price falling sharply from August highs.
- LINK volume spiked heavily during rallies and selloffs, confirming strong market activity even as the token corrected downward.
- Technicals show LINK below key averages with weak support, suggesting consolidation before any sustainable recovery can take shape.
Chainlink has caught market attention after crypto analyst Ali reported that whales bought over 800,000 LINK during the latest dip. This accumulation comes as LINK trades at $1.484, reflecting a sharp decline from its August highs. The move signals confidence from large holders despite the market’s ongoing corrective trend.
Ali shared a chart on X that displayed LINK’s price movements and trading volume over several months in 2025. The data revealed sharp volatility with multiple rallies and corrections.
LINK initially gained strong upward momentum, eventually peaking in late August near its upper resistance zone. That moment marked the strongest price performance of the analyzed timeframe.
Price Trends and Market Behavior
However, following the August peak, LINK faced sustained downward pressure through September. Prices corrected sharply, pulling the token far below its earlier highs. Currently, LINK’s valuation reflects a significant retreat, leaving traders cautious about short-term recovery potential.
Besides price action, trading volume also delivered key signals. The chart showed heightened volume during both rallies and selloffs. The most pronounced spike came during the late August peak, which confirmed broad participation during LINK’s strongest run. Moreover, volume remained elevated throughout the correction, suggesting heavy trading interest during the selloff phase.
Recent sessions show relatively stable trading volume despite weaker prices. Hence, LINK appears to be consolidating, with market participants reassessing its fair value after rapid swings.
Technical Indicators and Outlook
Technical readings show LINK trading below key moving averages, highlighting resistance at several levels above the current price. Support exists below $1.484, but recent activity suggests limited strength in those zones. Consequently, analysts expect further consolidation before any decisive trend emerges.
Additionally, institutional and retail participation remains evident. Volume trends confirm that market actors continue to trade actively at various price levels. Hence, LINK’s long-term outlook depends on whether buyers maintain confidence during this extended correction.
Whale accumulation suggests strategic confidence in LINK’s long-term prospects. However, broader market conditions and resistance barriers will determine if the token regains momentum.
