Chainlink Price Surges Toward $30 Target as Whales Accumulate 1.25M LINK Tokens

• Chainlink price trades around $23 and targets $30 with strong technical support at $22.50.

• Whales bought 1.25 million LINK tokens in 48 hours while institutional demand remains high.

• Chainlink partnered with PublicAI to expand oracle services into artificial intelligence applications.

Chainlink (LINK) continues its upward trajectory within a well-defined rising channel pattern, currently trading around $23. The cryptocurrency has maintained consistent buyer interest across daily timeframes while advancing toward critical Fibonacci extension levels.

Traders remain focused on the $30 resistance zone as the next major target. Technical analysis reveals strong support at $22.50, providing a foundation for potential further gains. Should momentum persist, analysts project LINK could reach $35 before testing the $40 Fibonacci extension level.

Technical Structure Points to Continued Growth

The current price action demonstrates a series of higher lows within the ascending channel formation. Each pullback has established stronger base levels, indicating sustained demand from institutional and retail investors.

Key resistance barriers emerge at $28.50 and $30, where profit-taking activities may temporarily slow progress. However, technical indicators support the bullish outlook. The Directional Movement Index (DMI) shows the positive directional indicator (+DI) positioned above the negative directional indicator (-DI), while the Average Directional Index (ADX) maintains a strong reading of 29.

LINK/USD 1-Day Chart (Source: TradingView)

This configuration signals robust directional momentum, increasing the probability for additional price appreciation. The 2.618 Fibonacci projection aligns with long-term targets, providing a technical framework for extended upward movement.

A breakdown below the channel support would shift focus to the $18 defensive area. Traders closely monitor the $22.50 support level, as maintaining this threshold remains crucial for preserving the bullish structure.

Whale Activity and AI Integration Drive Market Interest

Large-scale investors accumulated 1.25 million LINK tokens within 48 hours, demonstrating institutional confidence in the project’s prospects. This significant accumulation reduces available supply while supporting price stability during market fluctuations.

Chainlink recently announced integration with PublicAI, expanding oracle functionality into artificial intelligence applications. The partnership enables AI-driven prediction systems and reputation scoring mechanisms, broadening the network’s utility beyond traditional oracle services.

The collaboration represents a strategic expansion into emerging technology sectors. Oracle data integration with AI systems creates new revenue streams and use cases, potentially attracting additional institutional adoption.

Chainlink Whale Accumulation (Source: X/Ali Charts)

Combining technical momentum and fundamental developments creates a supportive environment for continued price advancement. Whale accumulation patterns suggest sophisticated investors expect further appreciation, while the PublicAI integration demonstrates ongoing innovation within the Chainlink ecosystem.