Chainlink Poised for a Potential Rise to $19: Whales and Market Signals Indicate Momentum

Chainlink (LINK) is experiencing a bullish trend, driven by significant whale outflows, strong defense of critical support levels, and positive market indicators. As large holders withdraw LINK from exchanges like Binance, buyers are stepping up near key price points, signaling an optimistic outlook for the cryptocurrency. The combination of anticipated ETF movements and growing market interest suggests that LINK could advance toward $19.

Key Takeaways

Whale outflows and strong demand zone support indicate significant bullish interest in LINK.
A high long ratio of 70% shows traders actively positioning for further price increases.
Recent whale movements included a $26 million outflow, reducing available supply during a crucial price phase.
Buyers are stepping in around the $14.50–$15.00 support range, boosting overall market confidence.
Anticipation of ETF developments frames a strong narrative for whales securing positions.

Chainlink accumulation rises: Will LINK break out after holding key demand?

Can LINK Extend Its Rebound from Key Support?

Chainlink has demonstrated a bounce from its established demand zone around $14.50, signaling a notable shift in market dynamics. The price has consistently engaged with this zone, showcasing considerable interest from medium-term investors. This rebound has nudged LINK toward its descending channel's resistance, potentially setting the stage for another breakout.

The MACD indicator presents early signs of upward momentum, with a positive contraction in the histogram and healthier signal line alignment. Although LINK is still trading within the channel, each successful bounce from the lower boundary reinforces the case for a reversal. With continued buying pressure, LINK could target $19.14 next, followed by a possible climb to $23.79.

Chart illustrating LINK price movement Source: TradingView

Taker Buy Momentum Grows as Aggressive Buyers Regain Control

The Taker Buy Dominance metric indicates that buyers are increasingly taking charge, which bolsters the positive price reactions we've seen. The Futures Taker CVD (Cumulative Volume Delta) shows a clear disparity between market buy and sell orders, with current readings highlighting a stronger buying trend.

This uptick in activity enhances momentum during recovery phases, as active buyers gain leverage in conditions of lowered liquidity. Notably, the increase in taker demand coincides with LINK's rebound, further supporting the bullish reversal scenario. Despite sell-side attempts to recover, the volume from buyers remains robust, suggesting sustained upward pressure in the near term.

Chainlink Futures Taker CVD (Cumulative Volume Delta, 90-day) Source: CryptoQuant

Are Binance’s Top Traders Suggesting a Broader Bullish Trend for Chainlink?

The positioning among top traders on Binance has shifted dramatically, with long positions now exceeding 70%. This significant increase in sentiment reflects enhanced confidence among high-volume traders. Historically, such sentiment shifts tend to precede substantial price movements, as larger accounts often react preemptively to structural market changes.

Even with recent pullbacks, long positions have remained dominant, reinforcing the notion of sustained conviction in the market. This positioning aligns with the strong recovery from support levels and the overall trend of accumulation on-chain. Collectively, these metrics suggest that traders are optimistic about LINK's potential to reach higher resistance levels soon.

Binance top trader sentiment Source: CoinGlass

In conclusion, Chainlink appears to be on a bullish trajectory, bolstered by whale accumulation, dominant buying activity, and increased long positioning among traders. With LINK sustaining momentum from the $14.50 demand zone, these indicators suggest a strong possibility for a recovery toward $19.14, and potentially $23.79, in the near future.