Chainlink price prediction – Whales, network growth, and why hitting $30 is possible

Key Takeaways

Whales accumulated 1.29M LINK worth $31M in 4 days as LINK retested $24. Record wallet growth and rising social dominance hinted at momentum towards a $30 breakout.

Since mid-August, Chainlink [LINK] has recorded remarkable whale activity. The same can be highlighted by one address accumulating over 1.29M LINK, worth $31.15M, from Binance.

These actions, spread across several large transactions, are evidence of the growing confidence among big holders. 

At the time of writing, LINK was trading near $24 after briefly hitting $26 – A sign of resilience despite volatility. Such aggressive accumulation often reduces available supply on exchanges, which can tighten liquidity and fuel upside momentum. 

However, if these whales decide to unload their bags suddenly, it may create a wave of selling pressure and short-term corrections.

Is LINK preparing for a breakout beyond $25 resistance?

Chainlink recently broke out of its long-term descending trendline, surging towards a high of $26 before retracing to $24.29. The Fibonacci retracement levels revealed key support at $22.77 and $21.20, while the next extension level at $30.54 presented a potential target. 

The RSI was near 63 – A sign of strong momentum, but not yet overheated conditions. 

To put it simply, the price action in the coming sessions could determine whether LINK consolidates for strength or drives another leg higher. A decisive close above $24.77 could trigger renewed bullish momentum towards $30.

Source: TradingView

Can soaring wallet activity validate bullish momentum?

On-chain data highlighted explosive growth in Chainlink’s network activity, with 9,813 active addresses and 9,625 new wallets created within just two days. Both numbers represented 2025 highs and illustrated rising retail engagement in LINK’s ecosystem. 

Such activity often aligns with strong capital inflows as more users transact and accumulate tokens. Additionally, this rapid adoption validates the recent price rally and reinforces the bullish narrative. 

Nevertheless, if user activity cools down, the market could lose momentum and leave LINK vulnerable to corrections before attempting higher levels again.

Source: Santiment

Does rising social dominance point to hype or sustained demand?

Chainlink’s social dominance climbed to 1.43% – A sign of increasing buzz across crypto communities. Higher attention often drives speculative inflows, adding volatility. While this growing visibility can amplify short-term price moves, it may also attract risk if the hype outpaces actual adoption. 

However, social engagement combined with whale accumulation builds a strong case for sustained interest. 

Still, investors should consider whether sentiment-driven rallies can hold without fundamental support. 

Therefore, monitoring the balance between hype and utility will be critical as LINK hovers near its crucial resistance zones.

Source: Santiment

Are profitable holders about to take gains?

Finally, the MVRV Long/Short difference for LINK surged to 12.77%, showing that many holders have been sitting on significant unrealized gains. Historically, such elevated profitability creates pressure as investors look to lock in returns, triggering corrections. 

However, sustained whale accumulation may offset this risk by absorbing selling supply. This creates a tug-of-war scenario between profit-taking behavior and accumulation trends. 

Therefore, whether LINK pushes towards $30 or stalls below resistance will depend on how these two opposing forces balance over the coming sessions.

Source: Santiment

Will LINK reclaim $30 or stall at resistance?

Chainlink, at press time, appeared well-positioned to reclaim $30 as whale accumulation and record network activity provided strong bullish fuel. The surge in social engagement lent some momentum, while the Fibonacci levels pointed directly towards $30.54 as the next target. 

Despite rising MVRV levels hinting at profit-taking, whales have absorbed the supply aggressively and reduced the selling pressure.

This means that LINK’s price will not stall at resistance. Instead, it may be set to break higher, with the $30-level now firmly within reach in the short term.