Chainlink (LINK) Price: Big Money Is Accumulating LINK - Here’s What the Charts Say
TLDR
- Chainlink gained 35% over the past 30 days, with eyes on a $15 price target
- September ETF inflows reached $5.36 million across Bitwise’s CLNK and Grayscale’s GLNK
- LINK is currently trading around $11.50, with $11.46 acting as key short-term support
- Whales accumulated roughly 10.36 million LINK tokens (~$120M) during a recent dip
- A break above $12 could open the path toward $13.30, then $14, and eventually $15
Chainlink (LINK) is trading around $11.57, down 1.36% in the past 24 hours. The daily trading range sits between $11.46 and $11.80, with a market cap of $8.65 billion and reported volume of $307.47 million.
LINK has gained 35% over the past 30 days, drawing attention from both retail and institutional investors. The token still trades 78.05% below its all-time high of $52.70 set in May 2021.
Analyst Ali Charts flagged on X that whales appear to have bought the dip following a 17% correction from $13.68 to $11.29. Over 96 hours, large entities accumulated roughly 10.36 million LINK tokens, worth around $120 million. Ali Charts noted this type of accumulation after a sharp pullback suggests whales may be positioning for a rebound.
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