Chainlink Approaches Turning Point as Large Holders and Technology Set Stage for Surge

Chainlink (LINK) is at a crucial juncture, as both technical signals and blockchain activity indicate the potential for a breakout from its current price band. After slipping below $24 during a recent pullback, the Relative Strength Index (RSI) has now fallen into oversold levels, suggesting that bearish pressure is fading and a reversal may be on the horizon. At the same time, large investors have ramped up their LINK purchases, adding over 1.29 million tokens since mid-August, which has reduced exchange supply and heightened bullish expectations Chainlink Tests $24 Resistance: Is a Breakout on the Horizon [ 1 ]. This accumulation, together with the introduction of the

Reserve—which converts on-chain and business revenues into LINK—has contributed to a 15% surge in price over the past week Chainlink Price Surges Past Resistance After … [ 2 ].

Technical indicators present a cautiously positive outlook. The RSI is now around 73.48, signaling overbought conditions and the likelihood of short-term consolidation Chainlink (LINK) Faces Correction After Breaking $19 Resistance [ 3 ]. However, the MACD remains positive, with its value at 1.7678 above the signal line at 1.1497, indicating continued upward drive Chainlink Pulls Back After $19 Breakout: Key Levels Ahead [ 4 ]. Moving averages for the past 20, 50, and 200 days all sit below the current price, a classic signal for the early stages of an uptrend Chainlink Tests $24 Resistance: Is a Breakout on the Horizon [ 1 ]. Resistance is found at $24.74 and $20.28, while major support sits at $22.36 and $17.87 Chainlink (LINK) Faces Correction After Breaking $19 Resistance [ 3 ]. Should LINK close above $24.77, a rally toward $30 could follow, with intermediate targets in the $26–$28 range Chainlink Tests $24 Resistance: Is a Breakout on the Horizon [ 1 ].

Blockchain data strengthens the bullish scenario. Since April, over $120 million has flowed out of exchanges, indicating diminishing sell pressure as more LINK moves into long-term storage Chainlink Price Surges Past Resistance After … [ 2 ]. Both the Chaikin Money Flow (CMF) and Bull Bear Power (BBP) indicators support a bullish bias, with CMF reading 0.11 and BBP consistently showing green bars Chainlink Price Surges Past Resistance After … [ 2 ]. The MVRV ratio has dropped to -4.41%, a historically oversold level that has often preceded rebounds Whale Accumulation Could Spark Chainlink (LINK) … [ 5 ]. Together with intensified whale buying, these metrics indicate LINK is nearing a pivotal moment where further accumulation could ignite a more sustained rally Whale Accumulation Could Spark Chainlink (LINK) … [ 5 ].

Fundamental drivers are also supporting the prospect of a breakout. Chainlink’s Cross-Chain Interoperability Protocol (CCIP) has expanded to

and is undergoing tests in Brazil’s Drex CBDC pilot, strengthening its presence in tokenized finance Chainlink Tests $24 Resistance: Is a Breakout on the Horizon [ 1 ]. Chainlink now secures $97 billion across more than 450 protocols, giving it a significant edge in the oracle sector Chainlink Tests $24 Resistance: Is a Breakout on the Horizon [ 1 ]. Institutional demand is also rising; firms such as Caliber have added LINK to their treasuries, signifying its growing appeal beyond just DeFi Chainlink Tests $24 Resistance: Is a Breakout on the Horizon [ 1 ]. These milestones, along with a 10,000 increase in active wallets in late August FOMC Summary of Economic Projections, September 2025 [ 7 ], illustrate Chainlink’s wider adoption and expanding use cases.

Market players now face three likely outcomes. A bullish scenario would be confirmed with a close above $24.5, potentially drawing in trend-following traders and driving the price up to $25–$28 Chainlink Tests $24 Resistance: Is a Breakout on the Horizon [ 1 ]. In a neutral case, LINK would continue consolidating between $23 and $24.2 as technical indicators reset Chainlink Tests $24 Resistance: Is a Breakout on the Horizon [ 1 ]. Should the price fall below $23, the next support is at $22.5, with a deeper drop toward $17.87 presenting a risk to the structure Chainlink (LINK) Faces Correction After Breaking $19 Resistance [ 3 ]. Although the RSI points to overbought conditions, ongoing whale accumulation and increased institutional interest lessen the chances of a steep decline Chainlink Price Surges Past Resistance After … [ 2 ].

On a macro level, the environment remains tentatively favorable. The Federal Reserve’s September 2025 outlook forecasts median GDP growth at 1.6% and a benchmark interest rate of 3.6%, with inflation projected to stabilize at 2.0% by 2028. These economic indicators, coupled with Chainlink's expanding ecosystem and technical setup, place LINK in a strong position to benefit from improving risk appetite. With whales absorbing more supply and technical signals aligning for a breakout, both traders and investors should keep a close watch on the crucial price levels to confirm a lasting uptrend.