Significant whale activity has transferred approximately 17.85 million LINK tokens, valued at $149 million, to Binance. This movement signals heightened market interest and potential volatility for Chainlink’s native token.
Historical data reveals Chainlink has undergone 11 major token unlock events, with most preceding upward price momentum. This pattern provides a cautiously optimistic backdrop despite current market fluctuations.
Technical analysis shows LINK trading within a descending channel since May 2025, with critical support near $11.50. A bullish reversal could emerge if buying pressure increases, potentially retesting the $15 level.
Should bearish momentum dominate, LINK may test the lower boundary of its descending channel. A breach of the $11.50 support zone could trigger further declines toward $10.
Market sentiment remains mixed but cautiously optimistic, influenced by whale movements and historical token unlock patterns. Traders are closely monitoring these developments for directional cues.