Whales pulled 421.5k LINK from top exchanges in 24 hours. Is Chainlink gearing up for a $10 breakout? Here’s what the data shows.
Chainlink is making moves. LINK is trading around $9.21, sitting just below a key resistance zone.
The asset has spent several weeks consolidating between $8.30 support and $9.40 resistance.
Bollinger Bands have tightened considerably, a pattern that often signals a sharp price move is near. Recent candles have continued to print higher lows since February’s sell-off, suggesting steady accumulation beneath the surface.
Related reading:
LINK Clings to $8.47 Support – Is the Next Move Up or Down?
On-chain data tells an interesting story.
Crypto analyst Nazoku reported that seven investors withdrew a combined 421,500 LINK tokens, worth roughly $3.75 million, from centralized exchanges within a single 24-hour window.
In the past 24 hours, 7 investors have withdrawn (accumulated) a total of 421.5k $LINK ($3.75M) from CEXs, including:
– Binance: 331,277 $LINK worth $2.95M
– Coinbase: 62.12k token worth $551.6k
– Uphold: 28.11k token worth $246.5kWhale 0x3C1D was the most aggressive buyer,… https://t.co/gMGykcYQFV pic.twitter.com/NrlT9kgC3T
— Nazoku (@Nazo_ku) April 14, 2026
Binance saw the largest outflow, with 331,277 LINK tokens worth $2.95 million leaving the platform. Coinbase followed with 62,120 tokens valued at $551,600.
Uphold recorded an additional 28,110 tokens worth $246,500 moving off the exchange.
Wallet address 0x3C1D stood out as the most aggressive buyer. That single wallet accumulated 132,100 LINK tokens, spending close to $1.2 million.
Large withdrawals from exchanges typically signal that investors intend to hold rather than sell, reducing available supply in the process.
The charts back up the on-chain narrative.
Price is currently holding above the 20-day middle Bollinger Band near $8.84. The upper band rests around $9.36, forming a clear ceiling bulls need to push through.
The RSI sits at 54.07, above the neutral 50 line. Its signal average near 50.18 shows gradual improvement in short-term momentum without yet signaling overbought conditions.
That leaves enough room for a continued push higher.
A confirmed daily close above the $9.35 to $9.40 zone could open the door toward $10.00. Without that confirmation, LINK risks another pullback toward $8.80, with stronger support waiting at $8.30.
Beyond the whales, broader market appetite for LINK appears solid. Nazoku noted that LINK rose 5% on the day, riding momentum from Bitcoin and Ethereum.
Retail investors remain drawn to the asset, with many viewing recent price dips as buying opportunities.
Chainlink’s range-bound action over recent weeks has not dampened interest. If anything, the sustained consolidation near resistance with rising accumulation activity suggests buyers are building positions ahead of a potential breakout.
The $10 level remains the target to watch.
The post Chainlink Price Eyes $10 Breakout as Whales Accumulate 421.5k LINK appeared first on Live Bitcoin News.
