Chainlink whale accumulation hits ATH, LINK price targets $15
Chainlink (LINK) is positioning for a potential move toward $15, driven by aggressive whale accumulation and a bullish daily chart breakout. On-chain data from Santiment shows that wallets holding 100,000 to 10 million LINK added 32.93 million tokens in 30 days, a 7.7% increase, pushing their collective holdings to an all-time high above 461 million LINK across roughly 461,000 wallets. This accumulation occurred while LINK traded sideways near multi-month lows, reducing exchange supply and setting up what analysts describe as an early-stage supply squeeze. Historically, such accumulation by this mid-tier cohort has preceded rather than reacted to price appreciation, adding conviction to the bullish thesis. The daily chart reinforces the positive outlook. LINK broke its descending trendline from the August 2025 high of $28 on March 15 and successfully retested it on March 22. The Visible Range Volume Profile places key support at $9.40, while the next significant volume blocks align with $15 and $17.52. The first measured target is the 0.382 Fibonacci retracement near $15.08, representing a roughly 50% gain from current levels. The daily RSI has also bounced off a descending trendline, shifting back into bullish territory. Despite these strong signals, near-term caution is warranted. On the four-hour chart, LINK trades within an ascending parallel channel, but since late March, price has moved into the lower half, with the midline acting as resistance. A rejection at $10.40 on May 6 and bearish MACD point to potential downside pressure. A daily close below $9.40 would invalidate the bullish setup, while sustained acceptance above $10 aligns lower timeframes with the daily breakout. For wallet and key holders, the key levels to watch are $9.40 support and $10 resistance, with $15 as the primary upside target.
Key facts
- Whales holding 100k-10M LINK added 32.93M tokens in 30 days to all-time high holdings.
- Santiment says this accumulation tier historically precedes price appreciation.
- Daily chart broke August 2025 descending trendline, retested cleanly on March 22.
- First upside target at $15.08 based on 0.382 Fibonacci; $9.40 is key support.
- Four-hour chart shows downside risk with midline rejection and bearish MACD.