In recent days, Chainlink 
$13 (LINK) has drawn significant attention in the cryptocurrency market due to substantial whale investments. In just 48 hours, whales purchased approximately 2 million LINK tokens. Analysts suggest that this intense buying activity could propel the price to $79, indicating a potential rise of 184%. Despite a slight pullback in the last 24 hours, the overall market outlook remains positive.
Key Levels in Technical Analysis
Currently trading around $23.50, Chainlink has found strong support at $22.50. Analysts believe that surpassing the $26 level could open the door for further upward movement. If the price manages to break past this point, it could spark a move toward the long-standing resistance level of $30. According to Fibonacci analysis, maintaining a position above $30 could lead to a rise to $46 and potentially initiate a parabolic increase, strengthening long-term gain expectations for investors.
Whale Acquisitions and New Partnerships
The swift accumulation of large amounts of LINK by whale investors is seen as a significant confidence signal for the market. On-chain data further supports the expectations of a bullish trend among major players. Moreover, Chainlink is poised to play a larger role in tokenizing real-world assets through its partnership with the DualMint platform. This collaboration aims to offer secure financial services to small businesses, broadening LINK’s use cases and enhancing its value in the ecosystem. Analysts emphasize that the strong technical setup, whale investments, and increasing real-world applications paint a positive picture for Chainlink in the coming months. Maintaining the current momentum could see LINK exceed first the $30 level, followed by $46, and potentially reach $79.
A similar outlook was recently expressed for Avalanche (AVAX), driven by its rising trading volume and robust technical indicators, which also captured investors’ interest. Chainlink’s potential rise signifies that various projects are also striving to secure a firm place within the ecosystem. This diversity in the market provides investors with opportunities to explore new avenues across different areas.
In particular, the expansion of Chainlink’s applications and integration with real-world assets is building long-term trust. Investors are not only closely monitoring LINK but also other projects with similar growth potential. Recent developments indicate that the DeFi ecosystem is set to experience further innovation in the coming period. This situation creates new investment opportunities for both institutional and individual investors. Therefore, Chainlink’s future will be shaped not only by its price movements but also by broader market trends.
