LINK to the Moon? 🚀 Or Just Another Pump?

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Chainlink (LINK), that stalwart of the oracle network, is currently clinging, rather desperately, to $21.70. One is forced to observe a rather optimistic fluttering amongst the crypto cognoscenti, largely attributable to what is breathlessly described as “whale accumulation” – as if large purchases haven’t occurred before, usually preceding a rather abrupt correction. 🙄 The dwindling supply on exchanges and a rather enthusiastic surge in open interest, naturally, add to the drama. A chap named Ali Martinez, an ‘on-chain analyst’ (a profession one views with a certain skepticism), posits that breaching the $24 barrier could provoke a rally, eventually leading to a most improbable $95. One suspects a degree of wishful thinking.

And, as if summoned by some capricious deity of speculative finance, a new executive order from that most unpredictable of figures, Mr. Trump, regarding crypto in 401(k)s appears. Naturally, this is viewed as a bullish signal. It might push LINK towards that still-distant $24-$26 resistance. One can almost hear the champagne corks popping… prematurely, no doubt.

The entire affair rests upon a symmetrical triangle formation, allegedly dating back to 2021. Such patterns, we are told, resolve in “sharp, multi-leg moves,” interspersed with, crucially, periods of “consolidation.” LINK, it seems, is adhering to this script. Or is merely pretending to. A distinction worth noting.

Chainlink Supply Squeeze Is Already Underway

While the technical charts are busy suggesting exciting developments, fundamentals are doing… something, quietly. The Chainlink Reserve, with all the fiscal prudence of a slightly eccentric uncle, has been acquiring 65,550 LINK (around $1.4 million) at a modest $16.83. This, of course, reduces the circulating supply. A clever tactic, assuming demand *remains* strong. A rather large ‘if’, wouldn’t you agree? More than a million dollars has been sequestered in what is being politely termed a “model reminiscent of corporate Bitcoin treasury strategies.” Transparency, naturally, inspires confidence. 😇

The resulting scarcity – or perceived scarcity – is intended to lure in the speculative hordes. Fewer tokens, a breakout, inevitably… a rally! The logic is impeccable. At least, until it isn’t.

Whales Stack LINK as Exchange Balances Drop

The whale activity, undeniably, provides fodder for the bulls. The price has enjoyed a modest 43.99% ascent to $21.15, and those holding between 100,000 and 1 million LINK have increased their holdings by a significant 4.2% in August – totaling a rather impressive $97 million. Simultaneously, exchanges are shedding LINK at a rate of 33 million since July. Derivatives open interest is up 27% to $1.06 billion, suggesting someone is awfully optimistic. Or, possibly, deeply mistaken.

LINK Price Path Toward $95?

Mr. Martinez, ever the optimist, has, on his charts, penciled in a target of $95. Ambitious, one might say. The route, as outlined, involves a measured, step-by-step ascent: $24 to $31.8, then $52.3 before, perhaps, daring to contemplate three figures. Each stage, naturally, will be punctuated by “retests and consolidations.” A polite way of saying ‘dips’ and ‘panic selling.’

For the moment, everything appears… aligned. The technical structure is ‘mature,’ accumulation is evident, and liquidity is tightening. If the bulls manage to conquer the $21.6-$24 ceiling, LINK might, just might, escape its prolonged period of horizontal trading. Or it might not. The market, as always, remains stubbornly unpredictable. 🤷

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FAQs

What pattern is supporting Chainlink’s bullish outlook?

A symmetrical triangle of questionable long-term relevance, dating back to 2021, suggests… something bullish. Perhaps.

Why are whales accumulating Chainlink (LINK)?

Because they have the funds to do so, and perhaps a particularly optimistic outlook. Or perhaps they simply enjoy accumulating things.

Is Chainlink a profitable investment for the long term?

One hopes so. The network possesses certain merits, naturally. But hope, as they say, is rarely a sound investment strategy.

What would be the feasible average price of LINK by the end of 2025?

A most impertinent question. Estimates suggest $47. Though, frankly, predicting the future in this business is rather like forecasting the weather at sea.

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2025-08-11 08:55