Chainlink Price Analysis—Whale Accumulation Rises, But Can LINK Reach $30 Before 2025?

Chainlink price analysis reveals that LINK is at a crucial turning point as it retests its key support levels amid a broader altcoin price decline. Despite strong institutional crypto investment and whale accumulation, the LINK market trend remains uncertain. Analysts believe a breakout above key resistance levels could trigger a rally toward $30, while failure to hold support may push the price lower.

LINK Retests Key Support Levels 

The Chainlink price analysis shows that LINK has dropped 9.1% in the past 24 hours, reflecting a selloff in the altcoin price market. LINK surged 35% from its monthly low to reach an 18-day high of $16 before retracing to the $14 support zone. The correction comes as Bitcoin (BTC) and Ethereum (ETH) also face downward pressure.

Chart 1 – Provided by rektcapital, published on TradingView, March 29, 2025.

Market analysts highlight that LINK has been trading within a descending channel since Q4 2024. If the token holds its lower trendline, a rebound toward the $19–$20 resistance zone is possible. On the other hand, a breakdown below the support range of $12–$13 could trigger further downside in the LINK market trend.

Institutional Interest and Whale Accumulation 

On-chain data indicates institutions and large-scale traders are building positions in LINK. Based on IntoTheBlock, about 67% of holders are whales, and 54% of those whales are still in profit amid recent price swings. This indicates Chainlink is well-supported in the long run.

In addition, more than $4 million of LINK was taken out from exchanges during last week, which means diminishing selling pressure. Historically, whales transferring tokens into non-exchange wallets signal possible price appreciation as there are fewer LINK tokens to trade. This institutional crypto investment confirms a bullish sentiment for the LINK market trend.

Bitcoin’s Impact on Chainlink’s Price

The Chainlink price chart indicates that LINK continues to be highly correlated with Bitcoin, now showing a correlation coefficient of 0.92. Since Bitcoin is having a difficult time maintaining major support levels, the altcoin price market, including LINK, is not spared. If a sharp fall happens in BTC, LINK may trail behind, possibly reaching lower price levels. A successful hold above this structure would confirm a post-breakout retest, increasing the likelihood of a move toward $19–$30.

Future Outlook: Breakout or Breakdown? 

Chainlink price analysis remains mixed among analysts. A successful monthly close above $14–$15.5 would confirm a post-breakout retest and open the door for a move toward $19–$30. But this could fail to hold and could lead to a test of the $12 support level before any potential recovery attempt in the LINK market trend.

Long-term forecasts are optimistic, with target prices from $30 in 2025 up to $259 by 2030, depending on adoption and institutional crypto investing trends. The more Chainlink expands its functionality in decentralized finance (DeFi) and tokenization of real-world assets (RWA), the higher the utility is anticipated to be.

What’s Next: Will LINK Overcome Market Challenges? 

Chainlink price analysis highlights that LINK faces critical support tests as market conditions remain volatile. While whale accumulation and institutional crypto investment provide bullish indicators, short-term risks persist. Investors should closely watch LINK’s monthly close and Bitcoin’s performance to determine its next major move.

The coming weeks will be crucial in deciding whether LINK can break past resistance toward $30 or if it will experience further downside pressure. The LINK market trend remains dependent on Bitcoin’s stability, technical analysis, and continued adoption within the institutional crypto investment sector.

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