- Chainlink price is showing a short consolidation trend with $7.5 support, building bullish momentum for its next breakout.
- On-chain metrics reveal a steady increase in accumulation by mid- and large-cap holders, recently reaching a high of 25,420 portfolios.
- A potential crossover between the weekly 50- and 200-period Exponential Moving Average (EMA) could accelerate selling pressure in the market and push a prolonged consolidation below $10.
On March 25, Chainlink price showed a bullish surge 1.3% to $9.25. Buying pressure is in line with broader market stability as the major Central War update weighs on investor sentiment. In addition, mid- to large-tier wallets are returning to the network in anticipation of a future hack. Can Chainlink price keep rising above $10?
LINK is consolidating near key levels as smart money accumulates
Since early February, Chainlink’s price has been hovering in a narrow range between $10 and $7.5. Price action is relatively flat with no major breakout attempts, indicating a lack of conviction from buyers or sellers.
With the recent easing of geopolitical tensions, LINK price is showing an upward trend on the daily chart, heading towards the upper resistance for an upward breakout.
Open interest is linked Link futures contracts It saw a similar rise during the week to $387. However, the majority trend in derivatives trading remains bearish, indicating that traders remain cautious and avoid heavy exposure to this asset.
Meanwhile, medium to large holders of Chainlink reached a record high of 25,420 wallets containing at least 1,000 LINK tokens, the highest amount since December 2025.
Santiment data The number of such addresses appears to be steadily rising despite the slowdown in price movement. This number represents an increasing accumulation among large wallets, while there is still some sideways movement in LINK.
This divergence, where retail traders remain cautious as large holdings accumulate, often coincides with major down markets or renewed recovery momentum in prices. If the trend line continues, Chainlink price gains a higher probability of breaking the $10 resistance level.
Chainlink price analysis shows a multi-year sideways trend
A broader analysis of the Chainlink price chart shows a long-term sideways trend between two converging trend lines. Since November 2021, the downtrend line has served as a major resistance for LINK, while the pending support trendline since August 2024 has served as a major accumulation area for buyers.
Currently, LINK is hovering above the lower trend line, regaining upward momentum for the next breakout. The RSI (Relative Strength Index) momentum indicator rebounded to 36% to highlight the recovery of buying pressure.
Therefore, a potential breakout of the $10 resistance level will trigger a new bullish cycle within the sideways trend. Historically, a rally within the pattern has led to a medium to long-term recovery towards the pattern’s resistance trend line.
With continuous purchase, Chainlink price forecast It indicates that LINK price may challenge potential resistance at $15, $18, and $23, which are likely to coincide with the upper trend line at the time of the call.
Conversely, a downside breakout from the lower trend line will significantly accelerate the selling pressure and lead to an extended downtrend to $5.75 or $4.88.
