Chainlink is trading at $14.06 as of September 26, 2026, recording a gain of 1.10% over the previous 24 hours. Over the past week, the token has surged 12.70%, with trading volume reaching $584 million.
Whale accumulation and network growth fuel optimism
Large Chainlink holders have acquired more than 2.5 million LINK within the last ten days, based on data from Santiment Intelligence. This activity occurred steadily, showing little sign of abating and suggesting that influential wallet holders are increasingly confident in the project’s outlook despite ongoing market volatility.
Crypto analyst Ali Charts emphasized that the pace of this accumulation is significant to Chainlink’s short-term direction. He indicated that the continued influx to whale wallets could underpin the next price move if overall demand holds.
Ali Charts described the recent whale accumulation and accelerating creation of new wallet addresses as key factors. He stated that this combination has previously preceded strong price rallies for Chainlink, though future developments will hinge on sustained buying interest.
Concurrently, Chainlink’s network is expanding. Nearly 1,500 new LINK addresses are being created each day, according to Santiment. Such network growth is typically viewed as an indicator of increasing adoption among both retail and institutional participants. In previous cycles, surging wallet creation often aligned with upward price movements.
This blend of rising address activity and robust whale accumulation provides a solid foundation for optimism about further gains. While analysts stress the importance of monitoring future demand trends, the current outlook leans positive due to these technical signals.
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Crucial resistance at $16 and $17.70
On-chain data from Glassnode highlights two prominent resistance levels for Chainlink. The first challenge emerges near $16, where 16.9 million LINK were previously purchased. This concentration often results in selling pressure, as some holders may opt to realize gains once price returns to this level.
Should buyers push the price beyond $16, attention quickly shifts to $17.70, a more formidable barrier. Data shows around 22.7 million LINK were acquired at this higher level, meaning a larger group of holders could be tempted to sell if the price approaches this point.
Ali Charts identified $16 and $17.70 as the critical zones to watch. He emphasized that breaching these levels would likely signal a sustained shift in market sentiment, but cautioned that strong resistance often prompts increased selling from large holders.
Whether Chainlink can rally further now hinges on overcoming both zones. Continued accumulation by whales and robust network expansion imply underlying demand persists, though bulls must contend with these significant hurdles to achieve a clear breakout.
