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Chainlink whales accumulate 14M+ LINK as price attempts recovery near $8.54 amid tightening supply.

Technical Signals
23 Jul 2026
Crypto news
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Bullish
pluang ai news

Large Chainlink holders, known as whales, have increased their accumulation by more than 14 million LINK tokens in under a month, signaling growing confidence despite the token trading near $8.54. This accumulation coincides with declining LINK reserves on exchanges, reducing available selling supply and supporting a potential price recovery. Technical indicators like RSI and MACD show improving momentum, but LINK faces resistance between $9 and $10 for a stronger upward move. Institutional interest and ecosystem development continue to support Chainlink's long-term outlook, though price gains are not guaranteed immediately.

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