Chainlink Whale Accumulation Sparks Growing Confidence
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Chainlink Whale Accumulation Sparks Growing Confidence in Bullish Market Outlook

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Azeez Mustapha

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Chainlink whale accumulation sparks growing confidence in bullish market outlook. Chainlink (LINK) is gaining fresh momentum as large investors, commonly called whales, increase their holdings of the token. Recent blockchain data reveals that two major wallets withdrew a combined $21.6 million worth of LINK from Binance, signaling intentions for long-term accumulation rather than short-term speculation. Analysts interpret these sizable withdrawals as a positive indicator of market confidence, especially as decentralized finance (DeFi) and oracle solutions prepare for broader adoption.


Historically, whale accumulation coupled with reduced exchange supply has preceded strong upward price movements, creating bullish conditions. With Chainlink’s vital role in bridging blockchains and real-world data, this surge in whale demand highlights growing recognition of its utility within the evolving crypto economy. Market analysts suggest that the current trend positions LINK for a potential upside as investor confidence strengthens ahead of the next market cycle.

Key Chainlink Levels To Watch – August 18

Chainlink Whale Accumulation Sparks Growing Confidence in Bullish Market Outlook

LINKUSD is showing strong bullish continuation after breaking out of its prolonged downtrend and holding above the $22.00 order block. The 9-day SMA at $23.20 provides dynamic support, keeping price action aligned with upward momentum.

RSI remains near 69, signaling strength but leaving room for further upside before overbought pressures emerge. If momentum sustains, price could aim first for the $26.00 level and potentially extend toward $31.00.

Chainlink Key Levels

Resistance Levels: $26.00, $31.00, $34.00
Support Levels: $22.10, $18.00, $15.40

LINK Metrics

Total Market Capitalization: $3.89T
Chainlink Market Capitalization: $17.04B
Chainlink Volume: $3.12B
Market Rank: #11

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