{"id":11528,"date":"2025-09-23T14:09:05","date_gmt":"2025-09-23T14:09:05","guid":{"rendered":"https:\/\/bitunikey.com\/news\/can-chainlink-price-bounce-back-as-whales-accumulate-800k-link\/"},"modified":"2025-09-23T14:09:08","modified_gmt":"2025-09-23T14:09:08","slug":"can-chainlink-price-bounce-back-as-whales-accumulate-800k-link","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/can-chainlink-price-bounce-back-as-whales-accumulate-800k-link\/","title":{"rendered":"Can Chainlink price bounce back as whales accumulate 800K LINK?"},"content":{"rendered":"<div class=\"post-detail__content blocks\">\n<p class=\"is-style-lead\">Chainlink price was hammered in yesterday\u2019s market-wide selloff, but whale accumulation and major exchange outflows suggest the dip may be fueling a rally to $28.<\/p>\n<div id=\"cn-block-summary-block_35b36764554675c19915d4cb6b76767b\" class=\"cn-block-summary\">\n<div class=\"cn-block-summary__nav tabs\">\n        <span class=\"tabs__item is-selected\">Summary<\/span>\n    <\/div>\n<div class=\"cn-block-summary__content\">\n<ul class=\"wp-block-list\">\n<li>LINK price plunged nearly 12% to a low of $20.30, breaking below the key $21\u201322 support zone before rebounding.<\/li>\n<li>Whales bought over 800,000 LINK during the dip, while 5.5 million LINK were withdrawn from exchanges\u2014signals of strong long-term conviction.<\/li>\n<li>LINK price must reclaim $21\u201322 to stabilize, with upside targets at $23.10, $24.8, and $25.7, while $20 remains the critical support level.<\/li>\n<\/ul><\/div>\n<\/div>\n<p><!-- .cn-block-summary --><\/p>\n<p>Yesterday, amid a broader crypto market selloff that wiped out over $1.5 billion in leveraged long positions, Chainlink (LINK) dropped sharply, declining almost 12% from the opening price of $22.96 to the intraday low of $20.30. This crash broke below the key horizontal support zone at $21\u201322, driving LINK price down to test the $20 psychological level, which also aligns with the prior breakout area from July.<\/p>\n<p>Apparently, whales saw an opportunity in the dip, with over 800,000 LINK accumulated by large holders during the selloff, according to <a rel=\"nofollow\" target=\"_blank\" rel=\"nofollow\" href=\"https:\/\/x.com\/ali_charts\/status\/1970361736634212595\">analyst Ali Martinez<\/a>. <\/p>\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\">\n<div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Over 800,000 Chainlink <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/twitter.com\/search?q=%24LINK&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">$LINK<\/a> bought by whales in the recent dip! <a rel=\"nofollow\" target=\"_blank\" rel=\"nofollow\" href=\"https:\/\/t.co\/g1nDZmXMZL\">pic.twitter.com\/g1nDZmXMZL<\/a><\/p>\n<p>\u2014 Ali (@ali_charts) <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/twitter.com\/ali_charts\/status\/1970361736634212595?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">September 23, 2025<\/a><\/p><\/blockquote>\n<\/div>\n<\/figure>\n<p>Martinez also <a rel=\"nofollow\" target=\"_blank\" rel=\"nofollow\" href=\"https:\/\/x.com\/ali_charts\/status\/1970232384630235152\">reported<\/a> that in the past day, approximately 5.5 million LINK were withdrawn from centralized exchanges, which is usually interpreted as a signal of long-term conviction as tokens taken off exchanges are typically less likely to be sold in the near term.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<h2 class=\"wp-block-heading\">What\u2019s next for Chainlink price?<\/h2>\n<p>The mix of whale accumulation and big exchange outflows shows a clear split between short-term price and longer-term investor confidence. In addition, a potential LINK ETF approval by the U.S. Securities and Exchange Commission could serve as another major long-term catalyst.<\/p>\n<p>From a technical standpoint, the immediate challenge for LINK price now lies in reclaiming the broken support zone at $21\u201322, which now acts as resistance. The token is currently trading at $21.82, rebounding roughly 7.5% from yesterday\u2019s intraday low.<\/p>\n<p>A daily close back above this zone would be the first sign of stabilization, potentially opening the door to the 7-day SMA around $23.10. Beyond that, clearing the previous swing highs at $24.8 and $25.7 would strengthen bullish momentum and set up a possible retest of the $28 level, where the last major rally topped out in late August.<\/p>\n<figure class=\"wp-block-image size-full\"><figcaption class=\"wp-element-caption\">Source: <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.tradingview.com\/chart\/skYOuuO6\/?symbol=COINBASE%3ALINKUSD\" target=\"_blank\" rel=\"nofollow\">TradingView<\/a><\/figcaption><\/figure>\n<p>    <!-- .cn-block-related-link --><\/p><\/div>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Chainlink price was hammered in yesterday\u2019s market-wide selloff, but whale accumulation and major exchange outflows suggest the dip may be fueling a rally to $28. Summary LINK price plunged nearly&hellip;<\/p>\n","protected":false},"author":1,"featured_media":1214,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-11528","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/11528","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=11528"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/11528\/revisions"}],"predecessor-version":[{"id":11529,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/11528\/revisions\/11529"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/1214"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=11528"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=11528"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=11528"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}