- Chainlink price maintains ascending trendline since July, producing consistent higher highs and higher lows, reflecting strong market demand at elevated levels.
- Whales purchased over 800,000 LINK and withdrew 5.5 million tokens from exchanges, suggesting heavy accumulation during the recent dip.
- A breakout above $26.7 resistance could open targets at $32, $36, and toward the $45–$50 range with accelerating momentum.
Chain link price is basing at an important resistance level, and whale activity and market structure are indicating the conditions for a continuation to the upside.
Ascending Trendline Maintains Strength
The Chainlink price has been respecting an ascending trendline since July, producing higher highs and higher lows with steady consistency. This structure has absorbed repeated dips, showing aggressive demand at elevated levels.
Currently, LINK is pressing against the $26.7 resistance, a zone that has previously capped upside moves. A confirmed break above this level could unlock the next expansion phase. Market observers note that conviction and volume will be necessary for sustained momentum.
Analysts suggest that invalidation of the bullish case lies below $22. A decisive close under this level could weaken the structure and shift sentiment toward consolidation.
Price Targets and Key Resistance Zones
If Chainlink price breaks the $26.7 barrier, measured targets extend toward the $45–$50 region. This zone coincides with historical price activity and expected liquidity clusters.
Intermediate levels at $32 and $36 may act as stepping stones before any move toward the higher target area. These points are watched closely by traders assessing potential continuation strength.
Chainlink is trading at approximately $21.80 at the time of writing and has a 24-hour trading volume of $813.3 million. The token has experienced an increment of 2.15 % within the past 24 hours, which depicts an unchanging market activity.
Whale Activity Supports Accumulation
On-chain activity has added further interest to the Chainlink price outlook. Market analyst Ali reported that whales bought over 800,000 LINK during the recent dip.
In another update, Ali noted that 5.50 million LINK tokens were withdrawn from exchanges in just 24 hours. Such moves often indicate accumulation trends and reduced available supply on trading platforms.
These whale transactions have coincided with the broader bullish technical setup. With supply pressure easing and demand showing resilience, Chainlink maintains conditions for an upward breakout if momentum accelerates.
