Chainlink (LINK) Eyes $16 Breakout as Whales Accumulate 2.5M Tokens

Key Takeaways

• Major holders accumulated more than 2.50 million LINK tokens over a 10-day period, according to analyst Ali Charts.
• The Chainlink Reserve expanded by 373,791 LINK during September, pushing total holdings to 6.04 million.
• LINK is currently trading around $14.33-$14.50, facing critical resistance zones at $16 and $17.70.
• Infosys collaboration aims to bridge traditional banking infrastructure with blockchain networks through Chainlink technology.
• Technical analysts identify a developing W-formation that could propel prices toward $52.

Chainlink is experiencing heightened momentum this week as substantial token holders continue accumulating despite encountering overhead price barriers.

Data from crypto analyst Ali Charts reveals that whale wallets purchased over 2.50 million LINK tokens during the last ten days. This accumulation pattern coincides with consistent expansion in network participation.

Approximately 1,500 fresh LINK addresses are being generated daily, Ali Charts data shows. While this indicates growing network adoption, it’s worth noting that some addresses may represent exchange wallets or automated systems rather than individual retail participants.

Market analyst Quinten shared his perspective on recent price behavior via X. He noted LINK’s weekly candle closed at $14.04, describing it as significant because it maintained support above the $13.70 level and represented the strongest weekly close since November 2025. He emphasized the move established a higher high by surpassing the August 30 weekly close. Quinten acknowledged bullish momentum but highlighted that $15 represents substantial monthly resistance that must be conquered for further upside potential.

Critical Price Barriers in Focus

LINK is presently fluctuating in the $14.33 to $14.50 range. Ali Charts identified $16 as a significant resistance area where approximately 16.9 million LINK were previously accumulated. An additional resistance zone around $17.70 contains roughly 22.7 million LINK in historical purchases.

Analyst Whale Factor discussed a multi-month descending trendline that has capped LINK’s price movement. He reported LINK has successfully breached this technical structure and is now consolidating near $14. His Fibonacci-based projection identifies sequential targets at $15, $17.3, $20, $23, and $28. He emphasized $20 as the pivotal threshold, suggesting a sustained break above this level would validate the higher price objectives.

Meanwhile, analyst Giannis Andreou drew attention to an emerging W-pattern on longer timeframes. He suggested this technical formation could facilitate a rally toward $52 if it continues evolving according to traditional pattern behavior. He cautioned the setup remains unconfirmed and requires LINK to maintain structural integrity while clearing resistance levels.

Expanding Reserves and Strategic Alliance

Chainlink’s fundamental metrics have strengthened alongside price action. The Chainlink Reserve increased its holdings by 373,791 LINK throughout September, representing over $4.3 million in value and elevating total reserves to 6.04 million LINK. This represents nearly 100% growth since Q1 ended, when reserves stood at 3.06 million LINK.

The Chainlink Cross-Chain Interoperability Protocol currently secures $82.39 billion worth of cross-chain assets.

Chainlink recently unveiled a strategic partnership with Infosys, a major Indian technology firm whose banking platform services 1.7 billion account holders. This collaboration seeks to integrate legacy banking systems with blockchain markets leveraging Chainlink’s infrastructure. Infosys now joins prominent institutions already utilizing Chainlink technology, including Swift, UBS, Mastercard, and DTCC.

Santiment analysts observed the announcement lacked specific banking partners or implementation timelines. However, on-chain metrics revealed 1,344 new LINK addresses emerged on the announcement date, representing approximately 19% above the monthly average.

Looking back to August 1, only 11 individual days registered higher address creation rates, with the maximum reaching 1,929 new addresses on August 21.