Momentum

Chainlink

would

Daily

<p class="is-style-lead">Chainlink price is capped inside a narrowing bearish structure despite signs of accumulation from large holders.</p>
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   <li>LINK trades near $12.8 after double-digit weekly losses and falling volume</li>
   <li>Whale wallets added over $263M in LINK since November while exchange balances hit yearly lows</li>
   <li>Technical structure stays bearish unless price reclaims key resistance levels</li>
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<p>As of this writing, LINK was trading at about $12.78, showing a slight daily gain of 0.7%. The token has dropped 9.2% over the past month and 10% over the last week as sellers continue to protect overhead resistance.</p>
<p>Daily Chainlink (<a href="https://crypto.news/price/chainlink/" target="_blank">LINK</a>) trading volume fell to $541 million, down 21% from the previous day, pointing to softer participation during the consolidation phase. Derivatives volume points to the same hesitation.</p>
<p>CoinGlass <a href="https://www.coinglass.com/currencies/LINK/futures" target="_blank" rel="nofollow">data</a> shows derivatives volume slipping 19% to $1.02 billion, while open interest rose 2.7% to $544 million.&nbsp;This suggests traders are holding positions rather than aggressively adding new leverage, a sign of caution as price compresses.</p>
<h2 class="wp-block-heading" id="whale-activity-and-fund-flows-offer-support">Whale activity and fund flows offer support</h2>
<p>While price action has struggled, on-chain data tells a different story. According to a Dec. 16 X post from Santiment, the top 100 Chainlink wallets have added 20.46 million LINK since early November, worth about $263 million at current prices.</p>
<p>At the same time, LINK balances on exchanges have <a href="https://crypto.news/chainlink-price-whales-buy-exchange-reserves-fall/" target="_blank">fallen</a> to their lowest level this year, pointing to continued withdrawals into self-custody.</p>
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<p>You might also like: <a href="https://crypto.news/base-solana-bridge-chainlink-coinbase-launches-2025/"> Base and Solana unlock asset transfers with new bridge secured by Chainlink and Coinbase </a></p>
<p>Institutional flows have also stayed positive. Grayscale’s LINK exchange-traded fund, <a href="https://crypto.news/chainlink-price-prediction-can-link-stay-bullish/" target="_blank">launched</a> on Dec. 2, has recorded only inflows so far, reaching $56 million in cumulative net inflows.</p>
<p>On Dec. 16, the fund added another $1.38 million, even as Bitcoin and Ethereum ETFs posted large daily outflows exceeding $500 million.</p>
<p>Recent network developments have added to that longer-term confidence. In mid-December, Coinbase selected Chainlink’s cross-chain interoperability protocol as the exclusive bridge for expanding wrapped assets like cbBTC and cbETH across multiple chains.</p>
<p>Around the same time, tokenized asset issuer Backed rolled out its CCIP-powered xBridge, allowing regulated tokenized equities to move across networks.</p>
<h2 class="wp-block-heading" id="chainlink-price-technical-analysis">Chainlink price technical analysis</h2>
<p>On the daily chart, LINK continues to trade inside a tightening bearish structure. Price keeps making slightly lower peaks while repeatedly holding the same support around $12.60–$12.70. This tightening range usually means a strong move may be coming.</p>
<p>For now, every bounce has run into resistance, with all the key moving averages sitting above the price.</p>
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  Chainlink daily chart. Credit: <a href="https://crypto.news/price/chainlink/">crypto.news</a>
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<p>Other momentum signals show little follow-through, and the relative strength index is close to 50, keeping LINK at neutral levels. During this consolidation, volume has continued to decrease, suggesting minimal participation from both buyers and sellers.</p>
<p>Momentum may move toward the $14.50 region if buyers are able to raise the price above $13.50 and maintain it there. That would likely require stronger participation and follow-through.</p>
<p>On the downside, a break below $12.60 would tilt the structure lower again, opening the door to a move toward the high-$11 range.</p>
<p>Read more: <a href="https://crypto.news/dogecoin-price-prediction-2026-will-doge-make-comeback/"> Dogecoin price prediction 2026: Will DOGE make a comeback? </a></p>

Chainlink price stuck in a bearish channel — can $263M in whale buying trigger a breakout?

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