Chainlink (LINK) is drawing renewed market attention as large holders continue accumulating the token while network activity expands. The whale buying comes alongside steady growth in new LINK addresses, adding to signs of rising market participation. Meanwhile, a higher-timeframe technical pattern is keeping traders focused on whether LINK can break through key resistance levels.
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Whale Accumulation Signals Stronger Demand
Large Chainlink holders have continued adding LINK despite the token facing overhead resistance. According to crypto analyst Ali Charts, whales accumulated more than 2.50 million LINK over the past 10 days.
The analyst linked the activity to sustained buying interest while also highlighting continued growth in new addresses across the Chainlink network.
Source: Ali Charts’ X Post
The accumulation is notable because whale activity can provide additional context around market demand. However, large-holder purchases alone do not establish that a sustained rally will follow.
Address growth also requires careful interpretation because multiple addresses can belong to the same user, exchange, automated system, or other activity. Therefore, the data is best viewed alongside broader market indicators.
Also Read: LINK Price Climbs 7% as ETF Inflows and Derivatives Turn Bullish
Network Growth Adds to LINK Momentum
Network activity is another important part of the current LINK story. Ali Charts reported that nearly 1,500 new LINK addresses are being created each day, pointing to continued expansion in network participation.
The analyst has connected sustained address growth with adoption, although new address creation does not necessarily represent an equal number of independent users.
Source: Ali Charts’ X Post
The on-chain picture also comes as LINK approaches price areas where significant amounts of the token were previously accumulated.
Ali Charts identified roughly $16 as an important resistance zone, with approximately 16.9 million LINK previously purchased around that area. A further resistance region was identified near $17.70, where about 22.7 million LINK had reportedly been accumulated.
LINK Price Tests Key Resistance Levels
LINK is currently trading around the $14.33-$14.50 area, keeping the token below the resistance zones highlighted by Ali Charts.
The immediate structure therefore depends on whether LINK can continue advancing toward the $16 region while maintaining its recent recovery. A move through resistance would alter the technical picture, while rejection could leave the token within its existing range.
Source: Andreou’s X Post
Beyond the near-term resistance levels, crypto analyst Giannis Andreou highlighted a larger higher-timeframe W pattern on LINK.
His analysis describes the structure as a potential long-term accumulation formation, with the pattern pointing toward the possibility of a move toward $52 if the structure continues developing as outlined.
Bull’s Eyes Larger W Pattern Reversal to $52
Giannis Andreou’s analysis focuses on the broader technical structure rather than short-term price action. He identified a massive W pattern forming on the higher timeframe and suggested that the formation could support a larger expansion phase toward $52.
However, the expected target is just a case study for analysts and not yet an actual result of market conditions. This setup will rely on LINK to keep its entire structure intact and break out of key resistance levels. It may take time for LINK to do so.
What Comes Next for the LINK price?
The next key area for LINK will be how whale accumulation plays out in tandem with continued participation in the network. Price-wise, levels of $16 and $17.70 are key levels from past accumulation.
The overall state of the crypto markets and liquidity will affect how well the demand plays out going forward.
Looking at the longer term, one other element that is worth watching out for is how the development of the suggested W pattern progresses. It is worth noting that any sustained movement above the important resistance level will help confirm the bulls’ technical view.
Also Read: LINK Price Eyes Breakout as Chainlink Adoption Strengthens Outlook
This article contains market analysis and price predictions. These are not guarantees. Crypto markets are volatile. Always DYOR. Not financial advice.
