Chainlink price prediction: reduced selling pressure supports bullish outlook

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Chainlink Slips 0.13% Today to $23.58

Highlights

Chainlink (LINK) is trading at $23.58, up over key moving averages (MA-20 at $23.49, MA-50 at $22.19, MA-200 at $16.45), signaling a sustained bullish trend.
Whale accumulation of over 2.1 million LINK tokens and onchain transaction value exceeding $25 billion, aided by Mastercard and J.P. Morgan partnerships, support a bullish outlook and cross-chain adoption.
LINK is projected to trade between $25.00 and $25.98 in the next five days, with momentum indicators suggesting over 80% probability of continued upside unless support at $22.19 fails.

Accumulation by whales and exchange outflows fuel breakout bets

Whale activity in LINK has intensified, with large holders accumulating over 2.1 million tokens as onchain transaction value surpassed $25 billion, supporting the asset's bullish outlook. Institutional partnerships, including Mastercard and J.P. Morgan, continue to bolster cross-chain utility and drive adoption. At the same time, a notable surge in exchange outflows suggests a reduction in short-term selling pressure, hinting at a possible breakout.

Mixed momentum tempers bullish structure amid market indecision

This setup confirms an ongoing bullish structure for both medium- and long-term trends, with support from Ichimoku’s Kijun at $24.87 and the MA-50 acting as the closest dynamic support. Daily momentum is mixed, with MACD on the D1 indicating strong selling pressure, while the ADX remains subdued and neutral. RSI shows buying interest, but Stoch RSI and CCI are neutral, suggesting neither overbought nor oversold conditions, and BBP is also neutral, pointing to balanced intraday forces. The session opened slightly below the previous close, with the current price around the middle of today’s range, showing low intraday volatility and sideways action, confirming market indecision.

Upside scenario favored as momentum indicators flag low bearish risk

For the next five trading days, LINK is projected to trade between $25.00 and $25.98, with an average estimate at $25.49. Momentum readings, especially from the weekly MA-50, MACD, and RSI, point to an over 80% probability of continued upside. LINK will likely move sideways near the present level, with a bullish break above $24.87 opening up further gains. A bearish turn would require a drop below the $22.19 support, which remains unlikely in the current environment.

Viktoras Karapetjanc, Traders Union expert, sees the recent accumulation by large holders, robust onchain activity, and high-profile institutional partnerships as strong fundamental tailwinds for Chainlink (LINK). He believes above-average positioning versus key moving averages, stable exchange outflows, and constructive sentiment further reinforce the bullish medium- and long-term outlook, even as short-term momentum signals suggest some market indecision. Overall, the technical structure favors upside so long as support above $22.19 holds and a break above $24.87 could be a catalyst for further gains. "With sustained institutional interest and growing cross-chain adoption, I expect LINK to remain resilient and see a strong probability of continued upside towards $25.98 in the coming days."

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.