Chainlink May Extend Rally If It Closes Above $24 After $16 Bounce Amid Falling Exchange Outflows

• Strong bounce from $16 support revived bullish sentiment

• Exchange outflows fell and the Exchange Supply Ratio tightened, limiting sell-side liquidity

• Whale accumulation and improved momentum increase the odds of a retest of $24

Chainlink price rebounds from $16 support to $19.25 as exchange outflows fall and whales accumulate—watch $24 resistance for confirmation. Read the outlook from COINOTAG.

Published: 2025-10-13 | Updated: 2025-10-13 | Author: COINOTAG

What is the Chainlink price outlook after the recent rebound?

Chainlink price has shown a sharp recovery after finding demand near $16, trading around $19.25 at press time. The rebound is supported by lower exchange outflows and a reduced Exchange Supply Ratio, but a daily close above $24 is needed to confirm a structural return to bullish momentum.

How do technical indicators and momentum shape LINK’s near-term path?

Technical indicators point to renewed buying strength. The Stochastic RSI bounced from oversold levels, signaling that momentum has shifted toward buyers. Short-term bulls need to see follow-through volume and a decisive daily close above the $24 zone; otherwise, a rejection could push prices back toward $16 support. Source: TradingView.

Source: TradingView

On-chain metrics add context to the technical picture. A sustained drop in exchange inflows and signs of accumulation suggest holders are reducing sell-side pressure, which supports a constructive outlook while above the $16 band.

How does on-chain exchange data affect LINK’s outlook?

On-chain exchange metrics show improving supply dynamics. Recent data indicates a notable decline in Exchange Outflows, which usually signals fewer tokens being moved to exchanges for sale. Concurrently, the Exchange Supply Ratio (ESR) moved from 0.155 to 0.151, implying tighter available supply against demand near the $19 price area. Source: CryptoQuant.

Source: CryptoQuant

That decline in exchange activity aligns with increased dip-buying in spot markets. When supply on exchanges contracts while demand strengthens, it reduces the velocity of sell-side pressure and can magnify price moves to the upside if buying persists.

Source: CryptoQuant

Whale activity and order-size trends

Large traders have been active on recent dips. Futures average order size metrics show a pickup in large orders near the lows, consistent with accumulation by whales and institutional participants. Historically, coordinated increases in large order sizes on pullbacks have preceded extended rallies when supported by improving structure and momentum. Source: CryptoQuant.

Source: CryptoQuant

If accumulation continues alongside improving technical structure and higher momentum, a retest of the $24 resistance zone could occur sooner than expected. Conversely, failure to sustain buying and a return of exchange inflows would increase the risk of revisiting the $16 demand zone.

Frequently Asked Questions

Is Chainlink price likely to break $24 in the short term?

A break above $24 requires decisive daily closes backed by volume. Current signals—reduced exchange outflows, a lower ESR and rising whale orders—are constructive, but confirmation depends on follow-through buying and macro market conditions. Answer based on TradingView and CryptoQuant data.

How can I monitor Chainlink exchange supply and whale activity?

Track Exchange Outflows, Exchange Supply Ratio and futures average order size on on-chain analytics platforms and charting services. These indicators reveal supply pressure and large-trader behavior; changes in these metrics often precede notable price moves.

Key Takeaways

• Demand held at $16: A strong bounce from this zone initiated the current recovery.
• On-chain supply tightened: Exchange Outflows fell and ESR moved from 0.155 to 0.151, reducing immediate sell-side liquidity.
• Watch $24 resistance: A sustained daily close above $24, coupled with volume and continued accumulation, would support a broader bullish shift.

Conclusion

Chainlink price has regained momentum after finding support near $16, backed by improving on-chain metrics and whale accumulation. While the short-term trend favors bulls, a confirmed breakout requires a daily close above $24 and sustained buying volume. Continue monitoring exchange flows, ESR and order-size trends for the next actionable signals. For ongoing coverage, COINOTAG will update this report as new data from TradingView and CryptoQuant becomes available.