Could 16.1M LINK Whale Purchases Spark a Chainlink Breakout?

Summary: Chainlink (LINK) has seen a significant influx of purchases from whale investors, amassing 16.1 million LINK as they capitalize on low prices. These actions suggest a potential bullish movement ahead, especially as retail investors exit. Analysts are eyeing key resistance levels that, if crossed, could lead to substantial price increases.

Key Takeaways

Top 100 LINK whales have accumulated 16.1 million LINK while retail investors have been selling off.
Analysts speculate a potential price target for LINK could reach as high as $100.
A change from Taker Sell to Taker Buy dominance indicates a possible shift in market sentiment favoring buyers.

Chainlink (LINK): Is Whale Accumulation Below $13 Indicating a Major Breakout?

LINK’s Bullish Shift Unveiled

As of now, data from Santiment shows that the largest 100 Chainlink whales have returned to accumulating LINK under the $13 mark, acquiring a total of 16.1 million LINK tokens since November. While retail investors faced fear, uncertainty, and doubt (FUD) leading to sell-offs, the whales have taken advantage of these low prices, potentially setting the stage for a price rally. Historically, such accumulation by major investors has often led to substantial price movements, particularly when these whales break key resistance levels.

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Anticipating a Significant Move

An analyst has pinpointed an important support zone for LINK, suggesting it holds the potential for an impressive 1000% increase in value. With LINK currently above the 0.618 Fibonacci retracement level priced at $9.88, the analyst forecasts possible price targets of $31, $52, and even $100.

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These price points are considered critical resistance levels that LINK must breach to initiate a strong upward trend. Maintaining a position above the 0.786 Fibonacci level will keep the bullish trend intact, enhancing the likelihood of future price surges.

Is Chainlink Set for a Bullish Breakout?

Since July 2025, LINK has been mainly influenced by Taker Sell transactions. However, in 2026, a notable shift has occurred, with Taker Buy transactions taking precedence.

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This transition suggests that buying pressure is currently outpacing selling pressure, which could set the stage for a price rally. Increased dominance in Taker Buys also indicates a growing institutional interest and a positive outlook for LINK’s future performance. Could this shift drive LINK to achieve new highs?

Final Thoughts