Whales Buy 1.25M LINK, AI Deal Expand, Chainlink Price eyes $40

Chainlink price has attracted growing attention as it continues to rise within a defined market structure. Buyers have kept control across the daily timeframe, with LINK price pushing toward higher projections and key Fibonacci levels. Whales and adoption drivers are adding extra weight to the bullish setup.

Chainlink Price Action Shows Expanding Breakout Potential

Chainlink price is advancing inside a rising channel, showing a series of higher lows and defined resistance levels. At press time, the Chainlink current price is hovering around the $23 mark.

Support remains visible around $22.50, with buyers eyeing targets near $30 before stretching toward the $40 Fibonacci extension. LINK price has already broken through near-term hurdles, hinting at stronger upside if the $24 retest holds.

Fib levels align with the 2.618 projection, providing a framework for a potential long-term run. The candles show conviction, where each pullback forms a higher base and confirms demand. Hence, the long-term Chainlink price prediction remains aligned with bullish strength.

Chainlink price faces hurdles near $28.50 and $30, where profit-taking could create brief pauses. LINK price must hold the $22.50 level to keep this structure valid and prevent deeper declines.

The DMI indicator strengthens the bullish picture, with the +DI line positioned above the –DI line, while the ADX stays high at 29. This alignment signals firm directional force, increasing the odds of further growth.

Should the channel remain intact, price could reach $35 and test $40 without losing traction. A breakdown below channel support, however, would shift attention to $18 as a defensive area. With both structure and indicators aligned, LINK holds ground for another leg upward.

Whales Buy 1.25M LINK As AI Deal Expands Chainlink’s Reach

In only 48 hours, whales accumulated 1.25 million LINK, supporting conviction across market flows. Simultaneously, Chainlink announced its integration with PublicAI, strengthening the network by merging oracle data with AI-driven prediction systems.

These two factors combined result in a unique situation, where utility growth and accumulation  convergence. LINK price benefits from whale demand, which helps reduce sell-side pressure and tighten available supply.

The PublicAI collaboration extends the use cases for oracles to include AI-powered reputation scores and risk analysis. As usage grows, the adoption narrative becomes more refined and liquidity is further drawn in.

Whale accumulation paired with AI growth adds a dual push, reinforcing the bullish view for Chainlink price. Taken together, this backdrop underpins confidence in the broader Chainlink price outlook.

Summary 

Chainlink price is set on a strong path, supported by whale accumulation and the new AI-driven expansion. The chart structure and indicators point firmly toward a continuation higher, making $40 an achievable target in the near term. While minor pullbacks could occur, they are unlikely to derail the broader trend. Overall, LINK appears poised for a decisive rally rather than a setback.

Frequently Asked Questions (FAQs)

Chainlink price remains bullish, with structure and indicators pointing toward a possible climb to $40.

Whales bought 1.25M LINK in 48 hours, reducing supply and reinforcing upward pressure.

The deal adds AI-powered oracle integrations, boosting Chainlink’s adoption and long-term utility.

Coingape Staff

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