TLDR
- 2.07M LINK tokens have been withdrawn from exchanges in 48 hours, signaling reduced supply and a potential bullish breakout for Chainlink price.
- Chainlink price reached the critical $26–$27 resistance zone, with ongoing accumulation suggesting a breakout could push LINK to the $34–$36 target range.
- Support at $21.50 has kept Chainlink price bullish, showing that accumulation by large holders is reinforcing upward momentum in the market.
- Exchange outflows of LINK coincide with ongoing DeFi and cross-chain integrations, suggesting long-term investors are positioning ahead of ecosystem growth.
Chainlink price has entered a decisive phase as on-chain data shows a notable reduction in exchange supply. Over 48 hours, 2.07 million LINK tokens have been withdrawn from centralized platforms. This large movement signals investor confidence and positions the asset for a potential shift in market direction.
Chainlink Price Gains Momentum As Exchange Supply Declines
The mass transfer of 2.07 million LINK from exchanges reflects more than a technical transaction. Such movements are often interpreted as investors preferring self-custody, limiting the immediate selling supply on public markets. By reducing circulating liquidity, holders may be preparing for a period of sustained appreciation.
Link Exchange Outflow Chart | Source: X
This trend frequently precedes bullish phases. When tokens leave exchanges, it tends to indicate long-term conviction, rather than short-term speculation. For Chainlink, the timing coincides with a steady upward momentum, suggesting accumulation may be driving the current structure.
Chainlink Price Action Aligns With Reduced Liquidity
Building on exchange supply, Chainlink price action has been steadily climbing, with the weekly chart showing a clear push toward the $26–27 resistance area. This zone previously served as a ceiling earlier in 2025, with past attempts triggering sharp pullbacks. The difference this time lies in the persistence of buyer activity.
Link/USD 1W Chart | Source: X
The structure reveals strong demand at $21.50, a level that acted as both resistance and support during earlier consolidation. Recent rebounds from this point demonstrate aggressive accumulation, strengthening the possibility that a higher low has been established. If maintained, this base could support a larger continuation of the broader bullish trend.
LINK Price Resistance Test
Furthermore, the $26–27 level now represents a defining barrier for Chainlink price. A decisive break could shift the market into a new cycle, with the next technical target between $34 and $36. This zone corresponds with historic resistance, creating both a psychological and structural milestone for traders.
Failure to clear the current resistance, however, may trigger another retest of $21. Such a scenario would not necessarily weaken the overall structure, but it would test buyer conviction. Exchange outflows suggest many large holders are positioning for strength, making a deeper retracement less favorable but still possible.
Ecosystem Factors May Influence Market Trajectory
In addition, beyond charts and supply metrics, Chainlink’s role within decentralized finance continues to expand. Its oracles remain a critical component for blockchain interoperability and secure data transmission. New integrations and cross-chain initiatives may be driving investor decisions to accumulate.
For long-term participants, positioning before network updates or adoption waves has become common. This trend matches the observed outflows, where tokens shifted away from exchanges ahead of potential catalysts.
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