- Chainlink’s realized price near $15.1 has emerged as a whale-backed support level, providing investors with a foundation during ongoing market activity.
- Wallets holding 100,000–1 million LINK and those above 1 million tokens continue to rise, confirming consistent accumulation by large investors.
- Chainlink trades at $22.50 while $23 acts as near-term support, with $31 resistance ahead, potentially opening a path toward the $47 level.
Chainlink has become a focal point in the market as large investors continue accumulating. With its realized price near $15.1, traders now question whether this whale-backed support can sustain the token before the next breakout.
Whale Accumulation and Key Support Levels
Data shared by Alphractal shows a steady rise in wallets holding between 100,000 and 1 million LINK. Additionally, addresses controlling over 1 million tokens have expanded, confirming persistent accumulation among whales and sharks. This ongoing activity strengthens confidence in Chainlink’s resilience.
The realized price of $15.1, which reflects the average acquisition cost of all circulating tokens, is now seen as a potential safety net. Should deeper corrections occur, this level is expected to serve as an essential support point for investors. Its positioning provides a foundation for further market activity.
Alphractal emphasized that many holders still remain in profit at current prices. This suggests whales and sharks remain strategically aligned with Chainlink’s long-term potential, possibly building a backbone for renewed upward movement when momentum strengthens.
Market Structure and Resistance Ahead
More Crypto Online noted that Chainlink currently presents one of the cleanest structures among major assets. The $23 support zone remains intact, holding firm as a key short-term floor. Traders now watch whether LINK can push toward higher resistance levels.
The second resistance lies at $31, which is an important point that might determine the direction of the price in the near future. Breakout above it can open the way to $47, which would represent a possible explosion should momentum remain in the favor of whale-backed support.
Chainlink is trading at $22.50 as of writing with a daily trading volume of $876.3 million. With accumulation rising and structural support levels clearly defined, investors now focus on whether $15.1 will remain a reliable buffer before the next significant price advance.
