Chainlink price (LINK) is quietly staging a comeback, as on-chain data shows whales and institutional players continue to accumulate aggressively. New buy signals also suggest a potential reversal could be brewing.
After slipping below $17 this week, the LINK token is up 1.6% over the past 24 hours and is now trading near $17.72.
LINK Sees Whale Accumulation and Institutional Confidence
Whales are doubling down on Chainlink. According to Lookonchain, two major wallets withdrew a combined 128,000 LINK (over $2.2 million) from exchanges within hours, part of a broader trend that’s seen over 1.4 million LINK absorbed from centralized platforms in recent weeks.
At the same time, the Chainlink Reserve, designed to support long-term network sustainability, recorded its 12th inflow, adding 63,481 LINK this week. The reserve now holds 586,641 LINK, worth roughly $10.4 million, funded by off-chain revenue from enterprise integrations and onchain service fees.
Zach Rynes (ChainLinkGod) confirmed that 90% of this latest purchase was made with USDC swapped on Uniswap, with the remaining 10% funded by user fees already paid in LINK.
These systematic inflows are expected to continue weekly, with no withdrawals planned “for multiple years,” reinforcing the network’s growing institutional maturity.
Chainlink Price Prediction: Technicals Point to a Bottoming Setup
Chainlink crypto price is flashing early signs of strength. Popular crypto chartist and trader Ali (@ali_charts) highlighted a TD Sequential buy signal on the 4-hour chart, suggesting that the recent downtrend could be nearing exhaustion.
The chart also reveals a potential inverse head-and-shoulders pattern forming around the $17 level, a structure that often precedes bullish reversals.
As analyst Gordon noted,
“Any $LINK bought under $20 is some of the easiest money you’ll find… We’ll revisit this when it crosses $100.”
Key resistance lies in the $19.80 to $20 range, which corresponds to a descending trendline from early September. A confirmed breakout above this zone could push prices to $24 or higher.
On the other hand, if the price closes below $16.80, it would invalidate the bullish outlook and likely pull the Chainlink price back toward $15.
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