Chainlink Surges to $19 as Whale Accumulation Signals Potential 300% Rally to $46
Chainlink (LINK) is currently trading at about $19, which is a strong 6% rise over the previous 24 hours and a sign that it is recovering
Quick overview
- Chainlink (LINK) is currently trading at approximately $19, marking a 6% increase over the last 24 hours as it recovers from a challenging October.
- Market expert Ali Martinez predicts a potential rise to $46.31, suggesting a strategic entry point around $15 for investors.
- Whale accumulation of LINK tokens has intensified, indicating strong long-term confidence despite a 20% price drop in October.
- Short-term resistance is expected around $20, with analysts forecasting a possible price increase to $19.48 by November 22.
Chainlink LINK/USD is currently trading at about $19, which is a strong 6% rise over the previous 24 hours and a sign that it is recovering from a rough October. The native token of the Oracle network has bounced back dramatically from mid-month lows. This has attracted the attention of technical experts and institutional investors who anticipate a lot of upside potential in the coming months.
Ascending Channel Points to $46 Target with Strategic Entry at $15
Market expert Ali Martinez has found a strong bullish setup on Chainlink’s daily chart. He thinks that LINK could rise 300% to $46.31. Martinez’s technical analysis shows that LINK has been moving up and down in a wide ascending parallel channel since mid-2023. Most recently, it bounced off the channel’s bottom border in June and reached $28 before falling back to where it is now.
The analyst’s roadmap shows that LINK might go back to the $15 zone, which is around the 0.618 Fibonacci retracement level, before the breakout surge that everyone is waiting for. Martinez says that this level is a great place for investors to buy up shares in order to get ahead of the expected rise. From this strategic entry position, the token should rise toward the top of the channel, with the $46.31 mark at the 1.272 Fibonacci extension as its goal.
But there will be problems along the way to $46. Martinez says that the temporary barrier around $20.04 (the 0.786 Fibonacci level) could cause a temporary drop to $18 before the breakout happens. This short-term consolidation would be a good corrective in the overall bullish structure, giving LINK time to build up speed for its next step up.
LINK Whale Accumulation Intensifies: Smart Money Positions for Rally
There is a strong fundamental story behind the technical setup: cryptocurrency whales are aggressively buying LINK tokens even though the price fell 20% in October. Lookonchain’s data shows that two big whale addresses have taken a lot of money out of exchanges, which is usually a positive sign that they believe in the long run.
Over the past five months, whale wallet “0xf386” has built up an astonishing 1.1 million LINK tokens worth almost $19 million. Recently, “0xe8aa” withdrew 66,113 LINK worth $1.14 million from Kraken. In just the last month, the second whale had collected 307,684 LINK tokens worth $5.34 million.
Santiment data backs up this tendency by revealing that addresses with between 100,000 and 1 million LINK have been buying steadily throughout October’s drop. This pattern of accumulation often comes before big price changes since big holders usually have better market information and longer investment horizons.
Chainlink Price Prediction: Near-Term Targets and 2026 Outlook
LINK is about to face a major test at the $20 psychological resistance level. If the current trend continues, CoinCodex analysts say the price would go up 9.39% to $19.48 by November 22. By December 2025, it might reach $20. The token’s weekly performance, which was up 5.4% despite October’s volatility, shows that it is strong even though the crypto market is generally uneasy because of trade tensions between the US and China.
Long-term price forecasts for 2026 vary widely, from $50 to $100. If the first Chainlink ETF is approved, it might push prices up to three digits. Chainlink’s recent addition of 63,481 LINK ($1.1 million) to its treasury has also lowered the pressure to sell, giving technical support near the important $17 level.
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