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Chainlink’s LINK tokens leave exchanges as whale trades rise, pushing price toward $9.19 resistance.

Technical Signals
21 Jul 2026
AMBCrypto
View Source
Bullish
Chainlink’s LINK tokens leave exchanges as whale trades rise, pushing price toward $9.19 resistance.

Chainlink’s LINK exchange reserves dropped by over 15.7 million tokens in a month, signaling strong accumulation as investors move tokens off exchanges. Large whale-sized trades dominate, indicating institutional confidence and long-term holding rather than short-term selling. LINK price is recovering from $7.18 support, currently near $8.71, aiming to test resistance at $9.19 with bullish technical signals supporting the trend. If $8.23 support holds, LINK could climb higher; otherwise, a fallback to $7.18 is possible before another recovery attempt.

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