Chainlink price prediction: Can on-chain buys push LINK higher? LINK gains 1.28%

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Chainlink up 1.28% today to $13.48

Highlights

Three Ethereum addresses, likely linked to one participant, accumulated approximately 272,979 LINK worth $3.67 million, indicating notable on-chain accumulation.
Grayscale demonstrated institutional interest by acquiring 2 million LINK for a Spot ETF, underscoring growing demand among major market participants.
Sustained trading activity and ongoing accumulation highlight continued attention from both institutional and retail actors towards Chainlink.

Accumulation and institutional buying drive renewed market attention

Chainlink has recently seen significant on-chain accumulation, as three Ethereum addresses — likely controlled by a single participant — acquired approximately 272,979 LINK valued at $3.67 million. Institutional interest was underscored by Grayscale's acquisition of 2 million LINK for a Spot ETF. Ongoing trading activity and accumulation reflect sustained attention from both institutional and retail actors.

Mixed momentum readings as price holds near technical inflection points

The nearest dynamic support is set near the Ichimoku Kijun level at $13.32, while resistance is found around the MA-50 ($13.04) and the next round level at $14.00. Short-term momentum signals are mixed. MACD on D1 flashes a strong sell, while ADX confirms an active short-term trend at 25.59. Oscillators remain stretched: Stoch RSI signals extreme overbought and CCI is also overbought, with RSI still positive at 57.06. Bull/Bear Power shows pronounced buyer dominance (0.79), echoing strong buyer pressure intraday. Awesome Oscillator is currently neutral. There was no gap between the previous close ($13.31) and today's open ($13.43). The current price is near the middle of today’s $13.41 – $13.88 range, suggesting moderate volatility and strength toward highs after the open. Intraday price action presents a divergence as momentum indicators remain somewhat bearish while price stays resilient and bulls maintain short-term control.

Downside bias prevails amid consolidation and weak breakout odds

For the next five sessions, the expected price range is $13.30 to $14.20, reflecting a typical volatility band relative to current levels. There is a very low probability (less than 20%) of a significant price increase, while a decrease appears more likely given the dominance of sell signals from weekly momentum and averages. The baseline scenario calls for consolidation within the $13.30 – $14.20 band. A bullish scenario would unfold if LINK breaks above the $14.00 – $14.20 resistance zone on strong volume, while a bearish move could be triggered by a drop below $13.30 support, opening the way for deeper retracement.

Anton Kharitonov, expert at Traders Union, notes that Chainlink’s recent technical setup remains fragile. He sees institutional demand, but overall trend signals are mixed with several momentum indicators flashing caution. Price is still capped below the key long-term resistance. "Until LINK confidently clears $14.20 on strong volume, my outlook stays cautious and I expect further consolidation."

Last time, analysts noted that Chainlink was displaying short- and medium-term bullish momentum above key moving averages, though it remained below its long-term trend level. Technical signals were mixed, with overbought momentum indicators and resistance near $13.38 suggesting an increased likelihood of consolidation or a short-term pullback despite ongoing accumulation and buyer engagement.

Source of Data: LINK Price Analysis by TU

The analysis is based on a proprietary model combining technical, on-chain, and expert data. Not investment advice. See methodology

The information is based on forecasts and does not constitute investment advice or a guarantee of future results. Market conditions may change. See our Disclaimer and Editorial Integrity for details.