The mood for link is positive again: Chainlink course increases at $ 464 million
- The increase from link to $ 14.28 ensures upward mood. The resistance between 14.32 and $ 16.43 can trigger sales pressure.
- Excursions of $ 120 million in the case of Link and increasing volume signal accumulation, but weak support under $ 14.28 harbors downwards risks.
Chainlink-token Link has shown strong upward dynamics this week and has increased by 8.73 % to $ 14.28 within 24 hours. The movement signals a possible reversal of the latest downward trend and has re -lived in the market interest.
Analysts observe exactly whether this dynamic can carry the course up to the next technical goal at $ 14.50. Behind the price development is a combination of stock market drains, investor accumulations and increased commercial activity, all of which contribute to the possible shift of the market structure.
Intotheblock’s on-chain data show that in the last 30 days, link worth more than $ 120 million has been deducted from the central stock exchanges. This trend shows a lower sales pressure, since tokens that are transmitted to Cold Wallets will soon be traded.
Keep an eye on altcoin exchange flows
$LINK has seen consistent outflows from exchanges over the past month, hinting at ongoing accumulation. In total, net outflows surpass $120 million worth of LINK in the last 30 days. pic.twitter.com/XbU4qsGuWd
— IntoTheBlock (@intotheblock) April 22, 2025
Such movements are often associated with the accumulation behavior of long -term investors, including whales and institutional owners who tend to buy and keep during relaxation.
This behavior coincides with a 57.66%increase in the 24-hour trade volume of Link, which is now $ 464.2 million. The market capitalization of the token is $ 9.38 billion, with a ratio of volume to market capitalization of 4.9 %, which suggests high liquidity and a large trade interest. The strong increase in volume has led to speculation that a larger rally could form, especially if the short -term resistors are overcome.
Resistance zone between $ 14.32 and $ 16.43 can be a problem
Despite the positive mood, the technical indicators show that the path from Chainlink upwards may not go smoothly. Other analysts, such as Ali Martinez, also observe that around 181.42 million Link tokens were bought in a price range of $ 14.32 to $ 16.43. These two positions are currently tending downwards and could lead to sales pressure as soon as the price of this level reaches. If the owners decide to sell to achieve the profit threshold, this could contribute to a slowdown or even reversal of the rally.
Over 376 million #Chainlink $LINK were accumulated around $6.30, marking a key support zone. The main resistance to watch sits at $15.22. pic.twitter.com/1jC5m1HMNn
— Ali (@ali_charts) April 21, 2025
The range of $ 14.93 to $ 15.37 is particularly dense because a large number of tokens, about 108,000, was bought in this area. These levels can act as a psychological barrier for many retailers who look forward to a comeback and want to get their initial account losses back. Therefore, you will pay attention to course development in this region to find signs that buyers can counteract a possible sales pressure.
The level of support seem to be weak under the current course
The in/out of the money around Price (iomap) model indicates that the current support of Link is thin. If Link does not succeed in overcoming the resistance and experiencing a reset, the historical purchase interest under $ 14.28 could not be sufficient to form a stable soil.
The market currently seems to be quite stable, so Chainlink has a short -term positive outlook. The excess of the stock exchange and the trading volume are increasing, which in turn indicates a more confident base of buyers, and the liquidity situation remains favorable. However, since the levels are reached higher, the previously purchased tokens are bought and delivered in large quantities, which leads to uncertainty.
Compliance with this pattern will decide whether Chainlink will be able to continue the upward movement towards $ 14.50 and beyond. The exceeding $ 14.32 with a high volume could pave the way for a further increase. If this is not the case, the token could fall back to the previous level, as retailers fix their profits or reduce their losses.
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