Chainlink Price Prediction as Whales Buy 800K LINK — Can the Demand Zone Launch a Recovery?

Chainlink price sits at a critical level as charts highlight a bullish setup within the demand zone. The pattern points to potential rebounds if support holds firm. Meanwhile, whale accumulation during the recent dip suggests growing confidence in LINK price. Together, these factors highlight conditions for a possible breakout.

Bullish Pennant and Demand Zone Signal Possible LINK Price Rally

The current LINK market price trades at $21.81 after consolidating within the demand zone. A double bottom structure has emerged, with the first bottom formed on September 2 near $21 and the second confirmed on September 6. 

After this retest, LINK price staged a 17% rally toward $25.6 before pulling back again. Specifically, the chart highlights a bullish pennant flag, a continuation structure that strengthens the rebound case. 

Notably, a break above resistance at $25.20 could unlock a 28% rally toward $27.86. Meanwhile, defending the demand zone remains vital to prevent downside pressure from resurfacing. 

Importantly, a confirmed extension beyond $27.86 would validate the pennant projection, with room toward $30. Therefore, the long-term Chainlink price prediction maintains an optimistic bias as patterns reinforce buyer strength.

Chainlink Confidence Builds as Whales Accumulate and Supply Declines

Whales added over 800,000 LINK during the recent dip, signaling confidence at lower levels, according to Ali Charts on X platform. This accumulation reflects renewed interest in long-term positioning within the demand zone. Such activity often precedes price recoveries as larger holders seek strategic entries. 

Netflow data also supports this narrative, with outflows showing $14.45M on September 24, according to CoinGlass. Consistent negative netflows indicate coins leaving exchanges, reducing available supply for immediate selling. 

Meanwhile, fewer inflows highlight that selling pressure remains limited despite short-term volatility. Together, these metrics suggest strong accumulation aligning with technical support levels.

Ultimately, Chainlink price shows signs of resilience after repeated defense of its demand zone. LINK price benefits from both technical setups and strong whale participation. Netflows further reinforce optimism by signaling reduced supply pressure. Therefore, conditions align in support of a breakout cycle ahead.