Price Analysis

Is It Time to Buy LINK? Whale Activity Signals Chainlink Price Recovery

Is it time to buy Chainlink price? Discover how whale accumulation, market trends, and key integrations like Ronin’s use of Chainlink's CCIP could signal a price surge.
Published by
Is It Time to Buy LINK? Whale Activity Signals Chainlink Price Recovery

Highlights

  • Chainlink price shows potential for a 19% move to $13 following growing investor interest.
  • If LINK consolidates above $13.00, it could enter a new bullish cycle.
  • Ronin gaming blockchain will integrate the Chainlink CCIP.

Chainlink price held up well against Bitcoin’s drop on October 10 following higher-than-expected CPI inflation data. The crypto market slid by 1.2%, but the LINK price remained steady against USDT and gained 0.2% against BTC. Chainlink whale activity surged, signaling large holders could be accumulating the token. Is it time to buy LINK before the price takes off?

Meanwhile, Ronin, the EVM blockchain tailored for gaming, has decided to integrate the Chainlink cross-chain interoperability protocol (CCIP) to reinforce the security of its bridge and free up resources to accelerate its adoption. This is yet another customer paying for the services in LINK tokens purchased off the open market, increasing demand, which is a primer for LINK price surge.

Advertisement

Will Whale Accumulation Spark Chainlink Price Rally?

Data from Santiment shows whales are scooping up LINK tokens after the recent correction. When whales accumulate a token, it often signals confidence in the asset’s future value, leading to increased demand and upward price pressure as the market interprets whale activity as a bullish indicator. The large holder count increased from 489 to 502 between Oct. 1 and 8, showing whales are coming back.

Further, data from IntoTheBlock shows that the whale netflow inflow has increased since October 8. This means whales are accumulating more of that asset. The 7-day MVRV ratio drooped from 8.12% to -4.41% in the last two weeks, signaling that more holders are now at a loss, which can influence investor behavior.

This data is further supported by increased LINK Spot outflows. According to Coinglass data, investors have been consistently withdrawing LINK tokens from exchanges since September 15. Do they sense a bull market about to start for Chainlink price?

This observation is further supported by LINK price action, which suggests LINK could be about to surge by 19%. LINK price has been down 0.3% in the last 24 hours, with the rest of the crypto market trading at $10.61. 

Advertisement

LINK Price Analysis: Bullish Setup Hints 26% Breakout To $16, But Not Before This

Chainlink price prediction shows the asset is in a bullish setup, supported by an ascending triangle characterized by accumulation and growing bullish momentum.

The key resistance zone between $12.50 – $13.00 represents a significant hurdle. This area has been tested multiple times, and a break above this could lead to a substantial rally.

There are two potential price targets upon a successful breakout above $13. The first target is a 19.84% rise, projecting a move to $13.80, and the second target shows an additional 26.64% gain, reaching as high as $16.00.

Chainlink Price Analysis Chart

Conversely, $10.00 is a solid support level that aligns with the ascending trendline. If the price falls below this, it would invalidate the current bullish pattern. With the Chainlink price currently at $10.64, it is near this support, offering a potential low-risk entry point if the trendline holds.

Whale accumulation further strengthens the bullish outlook. A breakout above $13.00 would confirm a larger bullish trend, potentially driving gains beyond $16.00. If LINK consolidates above $13.00, it could signal the start of a new bullish cycle, with the potential to test higher resistance levels into 2025.

Emerging Investment Opportunity: Rexas Finance (RXS)

Besides established players such as Chainlink, Rexas Finance (RXS) is gaining attention in the investment realm for leading the way in tokenizing real-world assets (RWAs). With a current price of $0.06 in its presale stage, RXS has already generated more than $3.2 million, indicating strong interest from investors.

Rexas Finance allows users to convert tangible assets like real estate, gold, and art into digital tokens, enabling partial ownership and increased liquidity. This new platform makes asset management more democratic, providing regular investors with access to high-value investments that were previously unattainable.

With predictions suggesting that RXS may debut on exchanges at approximately $0.20, there’s significant potential for profit as Rexas Finance positions itself to capture a share of the estimated $16 trillion RWA market. The user-friendly interface and features like the Rexas Token Builder make it easy for anyone to participate, even without technical expertise.

As investors weigh their options in the current market, Rexas Finance stands out as a compelling opportunity for diversification and engagement in an innovative financial environment.

Buy Now

Advertisement

Related Articles

Frequently Asked Questions

What does increased whale activity indicate for Chainlink price?

Recent data shows a surge in whale activity, with large holders accumulating LINK tokens. This accumulation often signals confidence in the asset's future value, which can lead to increased demand and upward price pressure, making it a bullish indicator for investors.

How does the integration of Chainlink’s CCIP by Ronin affect LINK’s demand?

Ronin, an EVM blockchain designed for gaming, has decided to integrate Chainlink's cross-chain interoperability protocol (CCIP).

Is now a good time to invest in LINK?

Given the current price of around $10.64, which is near a support level, this could present a low-risk entry point if the ascending trendline holds.
Share
Evans Karanja

Evans Karanja is a crypto analyst and journalist with a deep focus on blockchain technology, cryptocurrency, and the video gaming industry. His extensive experience includes collaborating with various startups to deliver insightful and high-quality analyses that resonate with their target audiences. As an avid crypto trader and investor, Evans is passionate about the transformative potential of blockchain across diverse sectors. Outside of his professional pursuits, he enjoys playing video games and exploring scenic waterfalls.

Published by
Why trust CoinGape: CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journalists and analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.

Recent Posts

  • Price Analysis

Cardano Price Forecast As Hashdex Listing Fuels Optimism For $1.27 Breakout

Cardano price continues to draw fresh attention as the market shows signs of renewed strength.…

October 2, 2025
  • Price Analysis

BONK Price Rally Ahead? Open Interest Jumps as TD Buy Signal Flashes

BONK price has drawn attention once again as its chart structure hints at renewed interest…

October 1, 2025
  • Price Analysis

Shiba Inu Price to Surge as Whales Buy and Team Commits to Shibarium Growth

Shiba Inu price has crashed in the past few months, moving from a high of…

October 1, 2025
  • Price Analysis

XRP Price Prediction After Ripple CTO David Schwartz Resigns

XRP price has shown renewed strength in the last 24 hours, recording a modest daily…

October 1, 2025
  • Price Analysis

SUI Price Eyes $4.5 as Coinbase Futures Listing Sparks Market Optimism

SUI price has once again found strength at its ascending support, creating expectations for another…

October 1, 2025
  • Price Analysis

Chainlink Price Holds $20 Support Amid Tokenization With DTA Standard Progress – Is $47 Next?

Chainlink price has attracted fresh attention after recent analyst insights highlighted key technical patterns. The…

September 30, 2025