Key Insights:
- Chainlink quickly gained 1.89% over the past 24-hours, quickly erasing losses after a market wide sell-off that triggered interest from big players who loaded their bags with over 800,000 LINK tokens.
- An analyst eyes a strong rebounce and massive Chainlink price rally of 732% to a new record high of $180.
- Crypto analyst Ali Martinez highlighted roughly 5.5 million LINK flowing out of exchanges over the past day.
Chainlink was hit hard in yesterday’s market-wide selloff, but the reaction from big players tells a different story.
Whales stepped in to accumulate, and major exchange outflows pointed to stronger conviction among long-term holders.
Together, those signals suggest the dip could be laying the groundwork for a push toward $28.
Adding fuel to the debate, one analyst went even further to make a bullish Chainlink price prediction and built a case for a massive 735% rally to $180.
Analyst Eyes $735.2% Chainlink Price Prediction Rally
Crypto commentator CryptoLand shared a Chainlink price prediction on his timeline that the cryptocurrency remains a major opportunity, calling everything between $13 and $18 per token “a gift” before a potential surge toward $180.
His outlook comes at a time when the weekly chart of LINK is showing a strong technical setup that has caught the attention of market watchers.
The chart highlights a multi-year ascending trendline that has been respected since 2019. Each major pullback has found support along this rising base, confirming a long-term bullish structure.
Recently, LINK broke out of a large symmetrical consolidation pattern that has contained price action since mid-2021. This breakout is significant because it suggests the market is finally ready to resolve years of sideways trading.
Moreover, the breakout comes after a series of higher lows, showing consistent accumulation. The resistance zone near $30 is the final major barrier before a potential acceleration. If that level is cleared, the long-term technical projection points toward triple digits, aligning with CryptoLand’s call for $180.
He highlighted that the structure is bullish with a clean breakout, and the upside potential is enormous if momentum holds.
For long-term investors, the range between $13 and $18 appears to have been an accumulation zone, and the market may now be preparing for the next major chapter in Chainlink’s price history.
Whale accumulation of 800K LINK signals potential Chainlink price recovery
Whales moved quickly to take advantage of the dip following yesterday’s crypto market downturn. According to analyst Ali Martinez, large holders accumulated more than 800,000 LINK during the selloff.
The move came after bears erased more than $1.5 billion in leveraged long positions in a single day. Chainlink was among the hardest hit. The token dropped nearly 12%, sliding from an opening price of $22.96 to an intraday low of $20.30.
That decline forced LINK below its key horizontal support in the $21–22 range. The breakdown pushed the price to test the $20 mark, a psychological level that also coincides with the July breakout zone.
In addition, crypto analyst Ali Martinez highlighted roughly 5.5 million LINK flowing out of exchanges over the past day. Such outflows often point to stronger holding sentiment, as tokens removed from exchanges are generally intended for long-term storage rather than quick sales
From a technical perspective, LINK faces its first major hurdle in reclaiming the $21–22 zone. This level, once strong support, has now flipped into resistance.
At present, LINK trades at $21.82, marking a rebound of about 7.5% from yesterday’s intraday low. A daily close above this band would be the first indication of stability. That move could also open a path toward the 7-day simple moving average near $23.10.
If momentum builds, the next tests sit at the recent swing highs of $24.8 and $25.7. Clearing those barriers would strengthen the bullish case and set the stage for a potential retest of $28.