According to IntoTheBlock, Chainlink (LINK) is catching some people’s attention as it quietly displays over $120 million in net exchange outflows for the last month. This trend of Chainlink Accumulation shows that more investors are taking their LINK off exchanges, signaling that they are sending their LINK off exchanges, most likely to hold long-term. With altcoins continuing to attract more attention, LINK’s persistent outflows indicate that there is a compounding interest brewing below the surface, indicating that a bigger move in LINK may manifest sooner rather than later.
Keep an eye on altcoin exchange flows👀$LINK has seen consistent outflows from exchanges over the past month, hinting at ongoing accumulation. In total, net outflows surpass $120 million worth of LINK in the last 30 days. pic.twitter.com/XbU4qsGuWd
— IntoTheBlock (@intotheblock) April 22, 2025
This Chainlink Accumulation trend may have also helped to buffer LINK Price from sudden shocks amidst recent market volatility, providing structural strength to an otherwise irrational market. The continuous accumulation tells us that there is a base of long-term holders quietly stacking LINK. With this being said, let’s investigate LINK’s recent price action and how all of these behind-the-scenes transactions are manifesting in short-term price developments and market dynamics.
LINK Price Analysis of April 22nd, 2025
LINK Prices on April 21st began with a strong bullish surge, rising from around $13.15 to a peak of $13.66 between 00:00 and 12:00 UTC. However, momentum soon slowed, and the price settled into a sideways trading range between $13.45 and $13.65. During this period, RSI hovered near overbought levels, and MACD showed weakening bullish momentum. Despite this, buyers failed to break through $13.65 decisively, indicating strong resistance and hinting at possible distribution before a potential reversal.
Chart 1, Analyzed by Alokkp0608, published on April 22nd, 2025.
From 12:00 to 00:00 UTC, LINK broke down from the trading range and entered a descending channel that saw the price sharply fall from $13.45 to the support zone around $13.00. This bearish structure developed quickly, with minor rebounds capped by lower highs. Throughout this phase, RSI often dipped into oversold territory, while MACD continually produced downward-facing crossovers.
When the Chainlink price reached the $13.00 support level around 17:30-18:00 UTC, it started to consolidate between a small range of $12.95 and $13.10 for an extended amount of time, signaling selling pressure exhaustion and a possible reversal was underway. This price action pointed to the Chainlink Price support level at $13.00 and other price action in the market.
LINK Price Prediction: What is Next For Chainlink?
In the next session from 00:00 to 09:00 UTC on April 22, LINK began recovering, forming an ascending triangle near the $13.10 resistance level. By 05:30 UTC, LINK broke above this resistance, leading to a structured uptrend channel starting around 07:10 UTC and lifting the price towards $13.38. RSI hovered near overbought levels during this move, indicating strong but possibly stretched buying.
MACD continued to show a bullish bias, though momentum showed signs of weakening towards the end of the session. Immediate support is found near $13.20, and sustained trading above this could pave the way for LINK to retest the $13.40–$13.45 range. If buyers sustain momentum, a clear LINK Breakout above that resistance might fuel further upside.
Prices Hold Strong Momentum Amid Chainlink Accumulation Trend
Chainlink shows real signs of strength after bouncing from the $13.00 support level and breaking above $13.10 with a steady uptrend. Forming an ascending triangle and the subsequent LINK breakout suggest buyers are in control. If LINK Price remains above the $13.20 level, the next likely move is a retest of the $13.40–$13.45 range. Indicators like RSI and MACD continue to lean bullish, although they indicate that momentum may slightly cool if resistance continues to hold.
The broader Chainlink Accumulation trend, fueled by the $120 million exchange outflows, indicates that long-term holders are confident in LINK’s future. If this trend persists, it could give LINK the necessary fuel for a more profound breakthrough in upcoming sessions, suggesting that a significant Link Breakout may be coming.
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