- LINK prices have risen 18% in just three days after retesting a crucial support level around $19.
- The symbolic whale’s activity increased as more than 1.40 million LINK were collected, signaling a further rally.
Chain link [LINK] is the focus of crypto investors’ attention after a recent significant surge. In the last three days alone, LINK rose about 18% after bouncing back from the key support zone around $19.
The recovery shows how strong the assets are, despite the volatile market.
Source: TradingView
Adding fuel to the rally produces a notable increase in whale activity. According to a renowned analyst on X (formerly Twitter)major holders have purchased more than 1.40 million LINKs in the past 96 hours.
Such a substantial accumulation often signals growing confidence among Chainlink’s major investors, potentially indicating long-term bullish sentiment.
Source:
Currency outflows slow, but LINK whales show confidence
AMBCrypto’s closer look at LINK’s on-chain metrics revealed positive trends for the token.
Currency outflows – which typically indicate the movement of tokens away from trading platforms – have steadily declined over the past three days.
This suggests fewer LINK holders are moving assets to exchanges for potential sell-offs, indicating market optimism.
Source: CryptoQuant
Interestingly, while the Long/Short ratio was bearish, short positions slowly declined, as shown in the Coinglass data. This trend can be attributed to profit taking after the recent rally.
However, the steady accumulation of whales indicates a focus on long-term profit rather than short-term speculation.
Source: Coinglass
Could whale activity increase prices?
The continued accumulation of whales could signal further price appreciation. Historically, increased whale activity has often preceded bullish rallies in the crypto market.
If this trend continues, LINK could experience stronger upside momentum in the coming days.
Read Chainlink’s [LINK] Price forecast 2025–2026
Furthermore, the slow decline in the presence of the long/short ratio supports the possibility of reduced selling pressure.
Combined with confidence in whales, this scenario could pave the way for LINK to test higher levels of resistance.
