Bu makaleyi paylaş
Chainlink Gains as Exchange Outflows Point to Strong Accumulation
LINK shows strong bullish momentum as $66M exits exchanges in 2 weeks. Analysts expect continued gains as DeFi adoption and investor accumulation grow.
What to know:
- Over $66 million in Chainlink tokens left exchanges in two weeks, a sign that investors may be accumulating, not selling.
- LINK is holding a strong uptrend after reclaiming its 200-day moving average, with analysts expecting more gains as DeFi adoption grows, according to CoinDesk Research's technical analysis data model.
Chainlink's price action demonstrates remarkable resilience amid mixed global economic conditions.
The token has established a well-defined rising channel pattern, with technical indicators supporting continued bullish momentum.
STORY CONTINUES BELOW
Başka bir hikayeyi kaçırmayın.Bugün Crypto Daybook Americas Bültenine abone olun. Tüm bültenleri gör
After successfully breaking above the 200-day moving average, LINK has maintained its upward trajectory despite short-term resistance.
Exchange outflows remain consistently negative, with $11.27 million worth of LINK exiting exchanges this week following $55.2 million in outflows last week. This pattern of decreasing exchange balances typically signals investor accumulation rather than selling pressure.
Meanwhile, Chainlink's technology continues gaining traction in the DeFi sector, with recent integrations including JPMorgan, Ondo Finance, and Solana mainnet.
Analysts project LINK could reach $20 in the near term, with longer-term forecasts suggesting potential growth to $50 by 2028 and $100 by 2030 as adoption of its Cross-Chain Interoperability Protocol (CCIP) expands across the blockchain ecosystem.
Technical Analysis Highlights
- LINK established strong support at $15.60 with high-volume buying emerging at the $15.27-$15.30 zone during the 18-19 hour timeframe on May 20th.
- A significant volume spike (3.08M) during the 11:00 hour on May 21st coincided with LINK testing the $16.24 resistance level.
- The overall trend remains bullish with higher lows forming a clear upward channel.
- LINK demonstrated significant bullish momentum in the last hour, surging from $15.67 to a peak of $15.91, representing a 1.5% gain.
- A notable volume spike occurred at 13:30, catalyzing a sharp upward movement that established a new support level around $15.75.
- The price action formed an ascending channel with higher lows, though some profit-taking emerged near the $15.90 resistance level.
- Final minutes showed consolidation around $15.85, with volume patterns suggesting accumulation rather than distribution.
External References
- "Chainlink Price Prediction: Can Increased Network Adoption Rejuvenate Bullish Momentum for LINK?", CoinPedia, published May 20, 2025.
- "Chainlink price prediction 2025-2031: A strong buy sentiment for LINK?", Cryptopolitan, published May 20, 2025.
- "Chainlink In Rally Mode: Rising Channel Formation Signals Continued Climb", NewsBTC, published May 21, 2025.
- "Chainlink price targets $20 as exchange outflows surge", crypto.news, published May 21, 2025.
AI Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy.
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
Coinbase Reopens India Signups, Targets Fiat On-Ramp in 2026 After Two-Year Freeze
Coinbase halted services entirely in 2023, off-boarded millions of Indian users and shuttered local access while reassessing regulatory exposure.
What to know:
- Coinbase has resumed onboarding users in India, marking its return to the market after a two-year hiatus due to regulatory issues.
- The exchange is currently allowing crypto-to-crypto trading and plans to reintroduce fiat on-ramps next year.
- Despite regulatory challenges, Coinbase is investing in India, including increasing its stake in local exchange CoinDCX.
Top Stories
