- The accumulation of 1.25 million LINK strengthens Chainlink’s bullish outlook and reduces sell-side pressure.
- Chainlink’s price continues to rise, aiming for $30, with key Fibonacci levels offering a framework for growth.
- AI integration with PublicAI expands Chainlink’s use cases, reinforcing long-term adoption and liquidity growth.
Chainlink’s price has seen significant upward momentum, with the cryptocurrency rising steadily within a well-defined market structure. As the LINK price approaches the $23 mark, buyers remain firmly in control. Support at $22.50 has been holding strong, and bullish targets have now shifted toward $30. Key Fibonacci levels further reinforce the potential for continued growth, with $40 appearing within reach if the upward trajectory holds.
Price action has created a succession of higher lows and resistance areas, which affirm that buyers are overpowering the day-to-day time frame. Whether the retest of the $24 will be successful determines the further continuation of this bullish trend. With that support intact at 22.50, the road to greater heights will be more probable, with the next obstacles being 28.50 and 30. But profit-taking may lead to short breaks at such levels before the price resumes its upward course.
The Directional Movement Index (DMI) also supports the bullish picture and shows a strong directional force. The +DI line is higher than the -DI line, and the Average Directional Index (ADX) is high (29), indicating it is a strong trend with space to grow. With that momentum, Chainlink may soon test $35 and $40.
Whale activity and its effect on LINK price.
One of the strongest reasons that led to this price movement is the recent whale purchase of 1.25 million LINK tokens within 48 hours. Such a buildupis an indicator that Chainlink has the confidence of large investors on a longer-term basis. The latest news about the collaboration of Chainlink with PublicAI, which combines its oracle services with AI-powered systems, further reinforces this perspective. New use cases, including AI-based reputation scores and risk analysis, become available through the partnership itself, which increases usage and liquidity.
Whale purchases combined with strategic partnerships ensure that Chainlink is becoming a more appealing choice in the crypto arena. It will lighten the pressure on the sell-side as the network expands and will constrict supply, which further increases the price.
Chainlink’s Future Outlook
In the future, the Chainlink long-term perspective is positive. As the technical indicators and the market sentiment all indicate that the market will keep growing, it is reasonable to expect a target of 40. The positive trend of Chainlink may lead to further growth of this cryptocurrency in the near future, as the continuation of the integration with AI technologies has been observed so far, and the accumulation of whales is still at the current level. There can be short-term pullbacks, but they will not likely derail the overall bullish trend. This market structure, whale demand, and utility expansion combination sets Chainlink up for a solid rally in the coming months.
