- Chainlink forms a bullish MACD cross as analysts await an RSI breakout ahead of SmartCon.
- Whale investors move $357M off exchanges, signaling strong accumulation and market confidence.
- Analysts identify $25 as the key breakout level that could confirm extended bullish momentum.
Chainlink (LINK) is showing a technical setup that mirrors its earlier bullish pattern from this year. The token recently formed a bullish cross on the MACD, while the RSI remains below its resistance trendline. Analysts note that the last time LINK broke above this RSI resistance, the price rallied 51%. At the time of writing, LINK was trading at $17.88, maintaining strong support near $14.90.
Bullish Setup Builds Momentum Ahead of SmartCon
According to an observation by Rick Barber, “LINK just printed a bull cross on MACD, however, the RSI still hasn’t broken above the resistance trendline.” Barber added that the setup resembles an earlier formation from this year when LINK gained 51% after breaking the RSI resistance.
Rick stated that a similar breakout could occur “in the next few days, conveniently before SmartCon.” The daily chart shows LINK forming a symmetrical triangle pattern, with resistance near $19.80 and support at $14.90.
The MACD crossover indicates building momentum, while the RSI still needs to clear the descending line to confirm strength. Volume data identifies a major concentration near $18, serving as a key control area for traders. This setup shows a phase of tightening price action, usually preceding expansion in trend direction.
Whale Accumulation and Ecosystem Expansion Support Bullish Structure
On-chain data from Nansen confirms that whale investors continue to accumulate LINK. Over 2.96 million tokens, valued above $52 million, are now held by large wallets. Exchange reserves dropped from 284 million in September to 263 million, meaning 21 million tokens worth $357 million have moved off exchanges.
According to Ali Charts, Chainlink’s long-term structure remains within an ascending parallel channel between $7.26 and $46.38. The analysis identifies potential upside toward $46 if bullish momentum holds. Meanwhile, the ecosystem continues expanding with partnerships involving S&P Global, Swift, JPMorgan, and Coinbase.
Analysts note that continued whale accumulation, growing institutional involvement, and ETF considerations could strengthen LINK’s price structure. The $25 level remains the key breakout threshold that may validate extended gains if buying pressure continues into 2026.
