Massive whale withdrawal of LINK tokens, bullish technical formation, and increased trading volume are events hinting at an upcoming Chainlink uptrend.Massive whale withdrawal of LINK tokens, bullish technical formation, and increased trading volume are events hinting at an upcoming Chainlink uptrend.

LINK Prepares To Reclaim $18.5 As Whale Withdrawal Activity Intensifies Amid Market Dip

For feedback or concerns regarding this content, please contact us at crypto.news@mexc.com
chainlink-pp1 main

The Chainlink (LINK) market is drawing interest due to increased whale accumulation, according to a revelation today disclosed by market analyst CryptoQuant. As reported by the analyst, whale activity around Chainlink has intensified, with over 8,000 LINK tokens withdrawn by large investors over the past two days, indicating massive enthusiasm in the asset’s long-term growth.

This buying pressure showcases a conviction that LINK is preparing significant price surges ahead, advancing a projection that the digital asset could be readying to climb towards its $18.50 crucial resistance level in the coming days.

Today, Chainlink trades at $9.08 after recording a 4.5% noticed over the past 24 hours. Despite that, its price has been down 2.6% and 4.4% over the past week and month, respectively, indicating an overall market cooldown.

Chainlink Whale Withdrawals Concentrate On Binance

Whales are actively withdrawing large amounts of Chainlink tokens from Binance, with an average volume ranging around 4,000 tokens per day, as per the data shared by the analyst. Today, CryptoQuant analysts revealed that over the past 48 hours, whales withdrew more than 8,000 LINK tokens from Binance, making it among the 10 largest transactions of the two days. Currently, Binance is leading the crypto industry in Chainlink withdrawals, attracting unique attention from traders and analysts, the analyst revealed. 

Withdrawals of LINK from whales on Binance often indicate crucial reversals for Chainlink prices. LINK prices have bottomed from $11.5 seen on February 2 to a low of $8.47 noticed on March 2. Currently, Chainlink has been holding its price above the $8.37 support level to prevent further market declines. Amid these significant price falls, big investors, commonly recognized as whales, have heightened their activity, with several taking advantage of market dips.

LINKUSDThe current price of Chainlink is $9.07.

LINK Forms A Classic Bull Flag Pattern

Apart from the rising whale enthusiasm, technical indicators show more optimism for Chainlink’s bullish outlook. Technical analysis indicates that LINK is currently forming a traditional bull flag structure, which often brings a huge price uptrend.

This bullish technical formation, together with increased whale buying activity and a significant increase in trading volume by 74.48% over the past 24 hours, according to CoinMarketCap data, hints at Chainlink’s next green move. These signals suggest an upcoming market rally and a breakout beyond the $18.5 level, which is a 204% from the current price.

Market Opportunity
Bullish Degen Logo
Bullish Degen Price(BULLISH)
$0.00193
$0.00193$0.00193
-2.12%
USD
Bullish Degen (BULLISH) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact crypto.news@mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.
Tags:

You May Also Like

Vitalik Buterin Reveals Ethereum’s Bold Plan to Stay Quantum-Secure and Simple!

Vitalik Buterin Reveals Ethereum’s Bold Plan to Stay Quantum-Secure and Simple!

Buterin unveils Ethereum’s strategy to tackle quantum security challenges ahead. Ethereum focuses on simplifying architecture while boosting security for users. Ethereum’s market stability grows as Buterin’s roadmap gains investor confidence. Ethereum founder Vitalik Buterin has unveiled his long-term vision for the blockchain, focusing on making Ethereum quantum-secure while maintaining its simplicity for users. Buterin presented his roadmap at the Japanese Developer Conference, and splits the future of Ethereum into three phases: short-term, mid-term, and long-term. Buterin’s most ambitious goal for Ethereum is to safeguard the blockchain against the threats posed by quantum computing.  The danger of such future developments is that the future may call into question the cryptographic security of most blockchain systems, and Ethereum will be able to remain ahead thanks to more sophisticated mathematical techniques to ensure the safety and integrity of its protocols. Buterin is committed to ensuring that Ethereum evolves in a way that not only meets today’s security challenges but also prepares for the unknowns of tomorrow. Also Read: Ethereum Giant The Ether Machine Takes Major Step Toward Going Public! However, in spite of such high ambitions, Buterin insisted that Ethereum also needed to simplify its architecture. An important aspect of this vision is to remove unnecessary complexity and make Ethereum more accessible and maintainable without losing its strong security capabilities. Security and simplicity form the core of Buterin’s strategy, as they guarantee that the users of Ethereum experience both security and smooth processes. Focus on Speed and Efficiency in the Short-Term In the short term, Buterin aims to enhance Ethereum’s transaction efficiency, a crucial step toward improving scalability and reducing transaction costs. These advantages are attributed to the fact that, within the mid-term, Ethereum is planning to enhance the speed of transactions in layer-2 networks. According to Butterin, this is part of Ethereum’s expansion, particularly because there is still more need to use blockchain technology to date. The other important aspect of Ethereum’s development is the layer-2 solutions. Buterin supports an approach in which the layer-2 networks are dependent on layer-1 to perform some essential tasks like data security, proof, and censorship resistance. This will enable the layer-2 systems of Ethereum to be concerned with verifying and sequencing transactions, which will improve the overall speed and efficiency of the network. Ethereum’s Market Stability Reflects Confidence in Long-Term Strategy Ethereum’s market performance has remained solid, with the cryptocurrency holding steady above $4,000. Currently priced at $4,492.15, Ethereum has experienced a slight 0.93% increase over the last 24 hours, while its trading volume surged by 8.72%, reaching $34.14 billion. These figures point to growing investor confidence in Ethereum’s long-term vision. The crypto community remains optimistic about Ethereum’s future, with many predicting the price could rise to $5,500 by mid-October. Buterin’s clear, forward-thinking strategy continues to build trust in Ethereum as one of the most secure and scalable blockchain platforms in the market. Also Read: Whales Dump 200 Million XRP in Just 2 Weeks – Is XRP’s Price on the Verge of Collapse? The post Vitalik Buterin Reveals Ethereum’s Bold Plan to Stay Quantum-Secure and Simple! appeared first on 36Crypto.
Share
Coinstats2025/09/18 01:22
US oil exports hit record as Iran conflict disrupts global supply

US oil exports hit record as Iran conflict disrupts global supply

The post US oil exports hit record as Iran conflict disrupts global supply appeared on BitcoinEthereumNews.com. American oil and gas exports are setting all-time
Share
BitcoinEthereumNews2026/04/25 12:00
Siren (SIREN) Plunges 26.7% in 24 Hours: On-Chain Data Reveals Troubling Pattern

Siren (SIREN) Plunges 26.7% in 24 Hours: On-Chain Data Reveals Troubling Pattern

Siren (SIREN) experienced a brutal 26.7% decline in 24 hours, erasing $54 million in market capitalization. Our analysis reveals a catastrophic 7-day trend showing
Share
Blockchainmagazine2026/04/02 18:04

Roll the Dice & Win Up to 1 BTC

Roll the Dice & Win Up to 1 BTCRoll the Dice & Win Up to 1 BTC

Invite friends & share 500,000 USDT!