Chainlink price is showing fresh signs of life after weeks of pain. The LINK coin has dropped roughly 24% over the past month, slipping back to the $17–$18 range; yet behind the scenes, whales are loading up and on-chain data is flashing green.
While sentiment across the broader market remains shaky, Chainlink’s network activity and accumulation trends are painting a different picture, one that suggests the next leg could be brewing quietly.
Whales Load Up LINK, MVRV Turns Bullish Again
According to Santiment, every time Chainlink’s 30-day MVRV (Market Value to Realized Value) ratio falls below –5%, it’s historically been a strong buy signal. That metric flipped negative again last week, and LINK rallied almost 9.5% immediately after.
At the same time, whales appear to be aggressively accumulating. Lookonchain data shows that 30 new wallets withdrew over 6.25 million LINK, worth about $116.7 million from Binance following the recent market dip. Moves like that often point to long-term conviction rather than short-term speculation.
Fundamentally, Chainlink remains a leader in the Real-World Asset (RWA) narrative. Santiment ranks it #1 by development activity over the past month, ahead of Hedera, Avalanche, and Stellar, meaning LINK’s builder base continues to expand even during market drawdowns.
Chainlink Price Eyes $100 if $25 Breaks
Chart watchers are eyeing a potential symmetrical-triangle breakout forming on LINK’s multi-year structure. Popular chartist Ali argues that a decisive move above $25 could ignite a rally toward $100, echoing previous cycles where LINK exploded after long accumulation phases.
Key support remains between $10–$12, a region that’s repeatedly acted as the “Chainlink buy zone” based on historical MVRV data. For now, LINK remains range-bound, but both technical and on-chain metrics hint that downside risk may be fading.
If momentum returns and Bitcoin holds steady, LINK’s breakout probability could rise sharply heading into November.
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