{"id":13816,"date":"2025-10-20T15:08:08","date_gmt":"2025-10-20T15:08:08","guid":{"rendered":"https:\/\/bitunikey.com\/news\/chainlink-price-eyes-25-as-116-7m-link-token-leaves-binance\/"},"modified":"2025-10-20T15:08:15","modified_gmt":"2025-10-20T15:08:15","slug":"chainlink-price-eyes-25-as-116-7m-link-token-leaves-binance","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/chainlink-price-eyes-25-as-116-7m-link-token-leaves-binance\/","title":{"rendered":"Chainlink price eyes $25 as $116.7M LINK token leaves Binance"},"content":{"rendered":"<div class=\"post-detail__content blocks\">\n<p class=\"is-style-lead\">Chainlink price is forming a bullish reversal pattern, with a potential upside target near $25 as onchain data suggests accumulation by new wallets.<\/p>\n<div id=\"cn-block-summary-block_38b9abb6c7035d9f4902e0879164093b\" 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>Chainlink price may have formed a double bottom between $15.00\u2013$15.70, indicating waning selling pressure.<\/li>\n<li>A move above the $20 neckline, especially with an RSI breakout, could trigger a measured rally toward $25\u2013$26.<\/li>\n<li>Since October 10, 30 new wallets have withdrawn over 6.25M LINK from Binance, adding support for the bullish case.<\/li>\n<\/ul><\/div>\n<\/div>\n<p><!-- .cn-block-summary --><\/p>\n<p>Chainlink (LINK) price remains in a medium-term downtrend, with the price having recently extended its move beneath the descending trendline following the October 10 sell-off, when the market faced widespread liquidations amid rising trade tensions. On that day, LINK plunged over 20%.<\/p>\n<p>However, there are emerging signs that bearish momentum may be waning. Chainlink price appears to have formed a potential double bottom in the $15.00\u2013$15.70 region \u2014 with the first low established during the October 10 crash and the second developing after a brief recovery and subsequent pullback. This pattern suggests that selling pressure is subsiding as buyers begin to defend a key support level.<\/p>\n<p>The neckline of this potential reversal pattern lies around the $20.00 mark, which, if broken, would activate a measured move target near $25.00\u2013$26.00. If a breakout above the neckline coincides with an RSI break through its own descending trendline resistance, it would significantly strengthen the bullish case.<\/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>\n<h2 class=\"wp-block-heading\">New wallets stack Chainlink<\/h2>\n<p>Adding further weight to cautiously bullish technicals, on-chain data shows significant accumulation by new wallets. According to <a rel=\"nofollow\" target=\"_blank\" rel=\"nofollow\" href=\"https:\/\/x.com\/lookonchain\/status\/1980190387039072260\">Lookonchain<\/a>, since October 11, 30 new wallets have withdrawn a total of 6,256,893 LINK ($116.7M) from Binance. <\/p>\n<p>This activity suggests that investors are moving large amounts into private wallets for holding rather than active trading. Such accumulation could provide additional support if Chainlink price approaches the $20 neckline, reinforcing the potential for a sustained rally toward the $25\u2013$26 target.<\/p>\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\">\n<div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Insane accumulation!<\/p>\n<p>30 new wallets have withdrawn 6,256,893 <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/twitter.com\/search?q=%24LINK&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">$LINK<\/a>($116.7M) from <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/Binance?src=hash&amp;ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">#Binance<\/a> since the 1011 market crash. <a rel=\"nofollow\" target=\"_blank\" rel=\"nofollow\" href=\"https:\/\/t.co\/uI26RW1hq6\">pic.twitter.com\/uI26RW1hq6<\/a><\/p>\n<p>\u2014 Lookonchain (@lookonchain) <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/twitter.com\/lookonchain\/status\/1980190387039072260?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">October 20, 2025<\/a><\/p><\/blockquote>\n<\/div>\n<\/figure>\n<p>    <!-- .cn-block-related-link --><\/p>\n<div class=\"cn-block-disclaimer\">\n<div class=\"cn-block-disclaimer__icon\">\n            <svg class=\"icon icon-info\" aria-hidden=\"true\"><use xlink:href=\"#icon-info\"><\/use> <\/svg>        <\/div>\n<p class=\"cn-block-disclaimer__content\">\n            Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.        <\/p>\n<\/p><\/div>\n<p><!-- .cn-block-disclaimer --><\/p>\n<\/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 is forming a bullish reversal pattern, with a potential upside target near $25 as onchain data suggests accumulation by new wallets. Summary Chainlink price may have formed a&hellip;<\/p>\n","protected":false},"author":1,"featured_media":324,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-13816","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\/13816","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=13816"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/13816\/revisions"}],"predecessor-version":[{"id":13817,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/13816\/revisions\/13817"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/324"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=13816"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=13816"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=13816"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}