Whales accumulate 150K LINK tokens as Chainlink tests key support at $14, signaling potential for a price rebound or breakout.
Chainlink (LINK) has seen a rise in whale activity recently, with large investors acquiring 150,000 $LINK tokens. This surge has sparked discussions on the possibility of a price rebound.
While the overall market sentiment remains bearish, the growing whale interest indicates a potential shift. Despite recent losses, traders are now closely watching for signs of a breakout.
Whale Activity Indicates Possible Price Rebound
Whale movements often influence the price of cryptocurrencies, and Chainlink is no exception.
Recently, large wallet holders have accumulated 150,000 LINK tokens. This sharp increase in holdings is being seen as a signal that investors are preparing for a price move. Such behavior often points to the expectation of a potential rebound in price.
CHAINLINK WHALES SHIFTING GEARS!!! 🐋
Major wallets accumulated ~150k $LINK in recent sessions.$LINK READY FOR THE NEXT BREAKOUT?? 🚀 pic.twitter.com/bqo8wHj4M8
— Altcoin Buzz (@Altcoinbuzzio) November 17, 2025
The accumulation of LINK tokens by whales is important because they tend to act ahead of major price movements. In the past, whale activity has been a strong indicator of upcoming volatility.
Traders are closely monitoring whether this accumulation will result in a price shift or continue to face resistance. If the whales continue to buy, it could lead to positive price action in the short term.
However, despite the whale activity, Chainlink’s price has not yet seen a major recovery. LINK remains stuck near its support levels, struggling to break key resistance points. This makes it difficult to determine whether the whale interest will lead to an immediate price increase or a prolonged consolidation phase.
Chainlink Faces Pressure at Key Support Levels
Chainlink’s price has recently tested its support level near $14.00, which has been a critical zone for some time. The cryptocurrency has faced downward pressure, causing it to drop by 15% in the last week. Despite the accumulating whale interest, LINK has had difficulty maintaining upward momentum.
The price has struggled to stay above $14.00, a level many traders see as crucial for its stability. If LINK fails to maintain this support, it may test lower levels like $13.00. However, some traders remain optimistic, hoping that the price will bounce back from this critical zone.
At the same time, broader market conditions also play a role in LINK’s price performance. Concerns about global economic factors, such as trade tensions and interest rate decisions, have affected the market. These factors contribute to the general bearish sentiment surrounding cryptocurrencies like Chainlink.
Despite this, the current support level is still holding, giving traders some hope.
Related Reading: LINK Price Steadies as Bitwise ETF Reaches DTCC Eligibility
Indicators Show Mixed Signals for Chainlink Price
Technical indicators for LINK present a mixed picture, reflecting market uncertainty. The MACD indicator shows slight bullish momentum, suggesting a potential change in direction.
However, the overall trend remains bearish, as evidenced by the negative histogram values. This shows that while selling pressure may be easing, it has not completely dissipated.
The price movement has been erratic, often testing resistance at $15.00 without being able to break through.
Chainlink has repeatedly faced rejection around this level, which has kept the price in a downward trend. As the MACD line approaches the zero line, traders are uncertain about the strength of the market’s direction.
Despite these mixed signals, the price is still above the crucial support levels. If LINK can maintain its position at $14.00 or higher, it could pave the way for a rebound.
However, if the price falls below this point, it might signal further downside risks, with $13.00 as the next potential target. Traders will need to watch for clear signs of a reversal in the coming days.
The post Chainlink news: Price Poised for Breakout as Whales Scoop 150K LINK Tokens appeared first on Live Bitcoin News.