- Crypto Patel targets $18, $32, $50, $100 and $200 if LINK maintains its bullish structure above key demand.
- LINK rose from about $11 to $15.60 as exchange inflows increased, including a peak near $6 million on Sept. 28.
- LINK retreated toward $14.20 as outflows became more frequent, highlighting increased short-term selling pressure.
Chainlink has gained approximately 120% from analyst Crypto Patel’s 7–8 accumulation zone, while recent exchange flows show growing selling pressure. Patel maintains a bullish outlook for LINK, outlining price targets ranging from $18 to $200. However, LINK’s latest retreat from $15.60 coincided with rising outflows, raising attention to short-term market activity.
Analyst Outlines Chainlink’s $200 Target
According to Crypto Patel, LINK has reclaimed its breakout structure and continues trading above a bullish order block on the higher-timeframe chart. The analyst said the original 7–8 accumulation zone has already been filled.
Patel identified $18, $32, $50 and $100 as successive targets, with a longer-term target of $200. The analyst also highlighted a key demand zone between $8.50 and $10.50.
Patel’s outlook depends on LINK maintaining its bullish structure above that demand area. The analyst said holding this zone could support another expansion in price.
LINK Inflows Rise Before September Pullback
The one-hour spot inflow and outflow data from Sept. 18 to 30 shows volatile exchange-related activity as LINK moved higher. Initially, the token climbed from around 11–11.50 toward 12.50–13, despite mixed flows.
However, a major outflow occurred around Sept. 23, reaching approximately $5 million. LINK later recovered, with momentum strengthening between Sept. 25 and 28 as its price advanced from roughly $13 to above $15.
During that period, positive inflows increased, including a peak near $6 million on Sept. 28. Another inflow spike reached approximately $4 million, accompanying LINK’s sharp price appreciation.
Outflows Increase as LINK Retreats From $15.60
LINK reached approximately 15.50–15.60 around Sept. 29 before retreating toward 14.20–14.30 by Sept. 30. Meanwhile, red outflow bars became more frequent, with several reaching approximately $2 million to $3 million.
The latest activity points to short-term profit-taking and weaker buying pressure following the inflow surge. LINK’s immediate levels include 15–15.60 as resistance, while $14 and $13 remain potential downside areas.
Sustained inflows above the 1 million- 2 million range could support another test of the recent highs.
