bullish

Nansen

Chainlink

Reserve

Hyperliquid

<p>Chainlink price has stalled in the past few days, even as its key fundamental metrics have improved.</p>
<div id="cn-block-summary-block_881014ada96a6042650c2f3c2b4b18d2" class="cn-block-summary">
 <div class="cn-block-summary__nav tabs">
  <span>Summary</span>
 </div>
 <div class="cn-block-summary__content">
  <ul>
   <li>Chainlink price has formed bullish patterns on the daily chart.</li>
   <li>Whales have continued to accumulate the LINK tokens.</li>
   <li>The supply of Chainlink tokens in exchanges has plunged.</li>
  </ul>
 </div>
</div>
<p>Chainlink (<a href="https://crypto.news/price/chainlink/" rel="noopener noreferrer nofollow">LINK</a>) token was trading at $13.70, up modestly from the November low of $11.556. This price is well below the August high of $27.80.&nbsp;</p>
<p>Nansen data shows that whale investors have continued to accumulate the LINK token in the past few weeks. They now hold 3.9 million tokens, up from last month’s low of 1.77 million.&nbsp;</p>
<p>Whales are large investors who, in most cases, are more experienced than ordinary retail traders. In most cases, their positioning is important as they usually buy low and exit high.&nbsp;</p>
<p>You might also like: <a href="https://crypto.news/defi-tvl-climbs-back-toward-140b-as-hyperliquid-and-rivals-dominate/" rel="noopener noreferrer nofollow"> DeFi TVL climbs back toward $140b as Hyperliquid and rivals dominate </a></p>
<p>Meanwhile, investors are actively moving LINK tokens out of exchanges, a sign of accumulation. There are now 219 million LINK tokens on exchanges, a significant drop from 324 million in October this year.&nbsp;</p>
<p>Chainlink tokens are leaving exchanges as American investors continue buying LINK ETFs. Data shows that the recently launched Graycale Chainlink ETF has nearly $50 million in cumulative assets after its launch.&nbsp;</p>
<p>At the same time, the <a href="https://crypto.news/chainlink-price-hanging-on-a-thread-as-link-reserves-hit-10m/" rel="noopener noreferrer nofollow">Strategic LINK Reserve</a> that was launched in August has already accumulated over 1 million tokens. The developers hope to keep accumulating these tokens using the money they generate on-chain and off-chain.&nbsp;</p>
<p>Chainlink’s technology is seeing robust demand due to its market share in real-world asset tokenization and decentralized finance.&nbsp;</p>
<h2 class="wp-block-heading" id="chainlink-price-technical-analysis">Chainlink price technical analysis</h2>
<figure class="wp-block-image size-large">
 <img loading="lazy" width="1024" height="579" src="https://media.crypto.news/2025/12/Chainlink-Price-2.webp" alt="Chainlink price set to surge as whales buy and exchange reserves fall - 16">
 <figcaption>
  Chainlink price chart | Source: <a href="https://crypto.news/price/chainlink/" rel="noopener noreferrer nofollow">crypto.news</a>
 </figcaption>
</figure>
<p>The daily chart points to a potential LINK price comeback in the coming days or weeks. It formed a small double-bottom pattern at $11.88 and a neckline at $13.65. It has now retested this level, and formed a small bullish flag pattern.&nbsp;</p>
<p>Chainlink token has also formed a falling wedge pattern and is now above the lower side. At the same time, the Percentage Price Oscillator has continued rising, with the two lines nearing the zero line.&nbsp;</p>
<p>LINK is also attempting to move above the 25-day Exponential Moving Average. Therefore, these technical indicators suggest the token will likely continue to rise as buyers target the psychological $20 level. This view will become invalid if it plunges below the support at $11.88.</p>
<p>Read more: <a href="https://crypto.news/wlfi-price-confirms-bullish-trend-upside-target-0-19/" rel="noopener noreferrer nofollow"> WLFI price confirms bullish structure with upside target at $0.19 </a></p>

Chainlink price set to surge as whales buy and exchange reserves fall

Table of Contents

crypto.news

Other articles published on Dec 9, 2025

Join our free newsletter for daily crypto updates!