Chainlink Bulls Gear Up for 30% Rally as Whale Activity Surges
Chainlink (LINK) has flashed three bullish signals as whale activity surges and the MVRV ratio forms a golden cross against its 200-day SMA. The price of LINK is currently hovering near $8.70, with resistance emerging at $9.
The recent increase in large-value transactions across the Chainlink network is another key indicator. Transactions exceeding $1 million jumped from roughly 1 to around 15 over the past 96 hours, signaling a significant increase in activity from large holders.
According to Ali Charts, similar signals have preceded powerful rallies in LINK, with a 155% rally in November 2024 and an 85% surge in July 2025. However, confirmation remains critical, as LINK still needs to reclaim major resistance levels before the bullish setup can be considered a confirmed breakout.
A decisive breakout and daily close above $9 could open the door toward $10, followed by the $11, $11.30 zone. A move from approximately $8.70 to $11.30 would represent nearly 30% upside, making $9 the most important near-term level for LINK bulls.