Chainlink Whales Resume Accumulation Ahead of CME Futures Launch, Analyst Predicts 1000% Upside

2026-01-20 14:47:15

Source: CryptoNewsNet Original Title: Chainlink Whales Are Buying Dips as Analyst Sees 1000% LINK Price Rally Original Link:

On-chain Dynamics and Whale Accumulation

On-chain data shows retail players offloading Chainlink while whales are actively buying the dips. Chainlink (LINK) is trading at $12.65 with a market cap of $8.95 billion and 24-hour volatility of 1.9%. Despite a 4% weekly decline amid broader market correction, large players continue accumulating.

Blockchain analytics indicate that the top 100 Chainlink whale wallets have resumed accumulation as LINK slipped below the $13 level. This renewed buying follows December’s selloff by major players. Daily trading volume has declined 45%, reflecting short-term bearish sentiment driven by retail panic and fear.

The pattern is clear: retail traders are distributing their holdings due to impatience and FUD, while smart money from whale entities enters the market to accumulate. History shows that periods of retail distribution often coincide with increased accumulation by larger holders.

CME Futures Catalyst

Large players appear to be positioning ahead of CME Group’s introduction of Chainlink futures scheduled for February 9. This development is expected to surge trading activity for the LINK token significantly.

Technical Analysis and Price Targets

Analyst Crypto Patel identifies LINK holding a multi-year support zone on the two-week chart, with a bullish reversal structure developing since the 2021 peak. Key technical levels include:

Confirmed breakout and retest with a key accumulation range between $7-$10
Current support: LINK is holding above the 0.618 Fibonacci level near $9.88
Higher lows formation: Suggesting a potential shift toward stronger macro trend

On the upside, Patel identifies $25-$31 as the primary resistance band. Reclaiming this level could trigger a broader expansion move.

Patel outlines aggressive upside targets at $31, $52, and $100, representing 1000%+ potential from macro support levels. The broader bullish structure remains intact as long as LINK stays above the 0.5-0.786 Fibonacci zone. If bullish conditions persist, this could develop into a potential cycle expansion.

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