Whales Move $13M LINK: Is Chainlink Price Breakout to $20 Loading?

TLDR

• LINK price reclaimed the 21-day moving average, signaling a short-term trend shift.
• Higher-timeframe charts show breakout structures targeting the $20 zone.
• Whale transfers worth $13M point to institutional liquidity positioning.
• Holding above $12.50–$13.20 is key to sustaining upside momentum.

Chainlink (LINK) price has entered a critical phase as technical breakouts and notable whale transfers reshape short-term market expectations. Recent chart signals and on-chain data suggest strengthening momentum, with analysts monitoring whether LINK price can sustain a move toward the $20 level in the coming months.

Chainlink Price Reclaims Key Moving Average Support

According to analyst Michaël, the 4-hour LINK against USD chart shows a sharp rebound from mid-December lows near $11.50. The recovery followed a wick sweep to October’s $10.68 low, a level that aligned with broader altcoin corrections. Price later rallied above $13 before entering consolidation near the $12.70–$13.00 range.

SOURCE: X

A notable development was the break above the 21-day moving average for the first time since summer. This shift marked a change in short-term trend structure and indicated renewed buyer strength. Volume expanded during the upside move, reinforcing the validity of the breakout attempt.

The analyst noted that many altcoins revisited October wick lows before reversing higher. For Chainlink price, holding above the 21-day average near $12.50 remains critical. Sustained acceptance above this zone could open a path toward the $14–$15 range over the next two to three months.

Higher-Timeframe Structure Signals LINK Price Breakout

Meanwhile, analyst Don highlighted a constructive higher-timeframe setup on the 3-day LINK price chart. The structure shows symmetrical triangles and ascending channels that have guided price action since mid-2024. Green support between $10 and $11 has consistently held, defining the long-term base.

SOURCE: X

Recent price action broke a short-term downtrend from November 2025 highs near $18.40. LINK price rebounded toward $12.98, placing price near the apex of a triangle formation. Volume bars indicated accumulation following the recent downside sweep.

The analyst described the setup as a breakout “loading” scenario. A confirmed move above $13.50 would validate the pattern and target the $20 region as a measured move. Additional horizontal extensions at $16.50 and $22 remain longer-term reference levels if momentum persists.

Whale Transfers Raise Focus on Institutional Positioning

In addition, on-chain data shared by BeLaunch revealed sizable LINK price transfers involving GSR Markets’ Binance deposit wallet. A single inflow of 500,000 LINK, valued near $6.5 million, was recorded alongside several large outflows. Combined movements totaled nearly one million LINK, or about $13 million.

SOURCE: X

The transactions trace back to earlier Binance withdrawals routed through Gnosis Safe proxies. Analysts described the activity as institutional liquidity positioning rather than immediate distribution. GSR Markets has historically acted as a liquidity provider during periods of heightened market interest.

These transfers occurred as LINK traded around $12.70 with steady daily gains. Institutional flows can temporarily reduce circulating float, supporting short-term price stability. However, a failure to hold above $12 could still expose a retest of the $10 support area.

Chainlink price remains at a technical inflection point. A confirmed break above $13.20 could strengthen upside continuation, while rejection keeps downside risks in focus.

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