- Chainlink price breaks past $21.80, with whales increasing transactions, signaling strong institutional confidence.
- Chainlink support holds at $14, with $24 resistance in sight as whale activity surges since June 2025.
- Whale transactions above $1M align with Chainlink price bullish trend, hinting at further price growth.
Chainlink (LINK) has shown impressive growth over the last few months, with a clear bullish trend gaining momentum. As the price continues to surge, market participants are closely watching the next key resistance level around $24. The upward movement, coupled with increasing whale transactions, suggests that institutional interest in Chainlink is on the rise, possibly signaling further price gains in the near future.
Chainlink Price Pushes Towards $24 Resistance Amid Increased Whale Activity
Chainlink price has been on a steady rise, now approaching the critical $24 resistance level. Following a sharp surge on August 11, 2025, which saw Chainlink price break above $21.80, the market is watching closely for a potential move towards $24.
According to analyst Ali Charts, the current bullish momentum suggests that further gains are possible, especially as the price nears this key resistance. Traders are optimistic about the outlook, with the focus shifting to how Chainlink price will react at this crucial level.
Source: Ali Chart/X
A significant factor behind this bullish trend is the sharp increase in whale transactions. Since late June 2025, transactions exceeding $1 million have surged, with whale activity reaching the highest levels in three months by early August.
This uptick in institutional involvement aligns with the price rally, indicating that large investors are playing a pivotal role in driving LINK growth. Such movements suggest strong institutional support, which could continue to propel the price higher in the weeks ahead.
In addition to whale activity, Ali Charts notes that Chainlink price has shown strong resilience at the $14.00 support zone, which has been tested multiple times since June and continues to hold firm.
This provides a solid foundation for potential price recovery. Recently, Chainlink price broke through the $21.80 resistance, sparking bullish momentum. Traders are now closely watching the $24.00 resistance level, as a successful breakout above this point could signal the start of a new bullish phase, potentially pushing prices toward the $28-$44 range.
Source: Ali chart/X
However, Ali Charts also cautions that, despite the bullish trend, there are risks of a short-term pullback. If Chainlink experiences a correction, the $19.00 support level could act as a potential floor for price consolidation.
Whale activity will be crucial to monitor, as it could provide early signals of whether any pullbacks are met with strong buying interest or more selling pressure. How the price reacts at key levels like $19 and $24 will be critical in determining the next phase of price action.
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