Chainlink Price Hints at Next Move Amid Whale Accumulation

Whale accumulation and network growth are signaling that Chainlink's price may be poised to move upwards. According to data from Santiment Intelligence, whales have added over 2.50 million LINK in the past ten days, indicating sustained confidence among large holders.

This buying trend is accompanied by steady network growth, with nearly 1,500 new LINK addresses being created daily. Analyst Ali Charts notes that historical patterns show similar combinations preceding notable rallies, but outcomes depend on whether demand holds steady in the weeks ahead.

The first major hurdle for Chainlink sits near $16, where roughly 16.9 million LINK were previously acquired by holders. If Chainlink clears this zone, a second and larger resistance level appears near $17.70, where approximately 22.7 million LINK were accumulated.