Chainlink Could Rally Toward $20 as Whale Accumulation Intensifies

• Whale accumulation reduces selling pressure and supports potential upside for LINK.

• Current price around $16.88, up 5.21% in the last 24 hours, with volume near $873.24 million, suggesting room for a breakout above $18.

• Catalysts include on-chain activity, an oversold RSI around 33.89, and LINK’s expanding utility in macro data storage for the U.S. Department of Commerce.

Chainlink price outlook and whale moves explained; stay informed with LINK signals, on-chain data, and practical thresholds to watch for near-term trades.

Publication date: 2025-10-18 | Updated: 2025-10-18

What is Chainlink’s current status amid whale accumulation?

Chainlink (LINK) is displaying bullish momentum as whale accumulation grows and price action remains constructive. The latest on-chain movements indicate renewed demand while retail interest remains cautious; if liquidity sustains, LINK could push toward higher thresholds in coming sessions. Lookonchain tracking and other on-chain data point to ongoing interest from large holders.

How could Chainlink reach higher targets like $28?

On-chain analyst Ali Martinez notes that if market conditions improve, the technical chart could move toward higher targets. The current RSI remains oversold around 33.89, leaving room for a rebound, and renewed utility, including Chainlink’s role in macro data storage, could attract buyers and support a move toward notable resistance near $28.

Frequently Asked Questions

What is the impact of whale accumulation on Chainlink price?

Whale accumulation can reduce selling pressure by locking up supply on wallets and exchanges, potentially supporting price gains when demand remains steady; however, price action also depends on broader market conditions and ongoing on-chain activity.

Is Chainlink a good buy now for October?

With LINK around $16.88, an oversold RSI near 33.89, and ongoing whale activity, a near-term bounce is possible if trading volume picks up. Investors should weigh macro factors, oracle demand, and risk tolerance before taking a position.

Key Takeaways

• Takeaway 1: Whale accumulation reduces selling pressure and can bolster upside momentum if demand sustains.
• Takeaway 2: The price sits near $16.88 with 24h volume around $873.24 million; a break above $18 could open path to $20.
• Takeaway 3: Macro catalysts and LINK’s expanded utility, including data storage partnerships, may support longer-term upside.

Conclusion

Chainlink remains in focus as on-chain activity and whale movements shape its near-term trajectory. With strong fundamentals and a potential breakout above key levels, LINK could extend gains provided volume supports the move; investors should monitor on-chain data, exchange flows, and macro catalysts as they plan trades. COINOTAG will continue to report on LINK developments.

Author: COINOTAG