November 17 2025
The past few days have been particularly rosy for chainlink (LINK), with a price increase of more than 30%. This upward movement is given a strong boost by increased trading activity among both large and small investors.
The data shows a remarkable 130% increase in trades from small investors with amounts between $10.000 and $100.000. This reflects broad-based optimism in the market. Time for an update.
We are increasingly seeing large investors showing their confidence in LINK, for example through a recent transaction of 2,54 million LINK from crypto exchange Bybit to an unknown wallet. This transfer, reported by Whale Alert, involved two large transactions: one of 1,25 million LINK (approximately $20,5 million) and a second of 1,289 million LINK (approximately $21,1 million).
It appears that both transfers went to the same wallet, which is usually seen as a signal of accumulation. Such moves can further strengthen market sentiment, especially if these large players anticipate higher prices.
LINK is currently trading around $16,50, slightly down from 24 hours ago. Trading volume has decreased by 15%, possibly indicating a temporary weakening momentum. However, technical indicators remain positive.
Recently, the price has formed a bullish inverse head and shoulders pattern — a classic signal for further price increases. Furthermore, LINK has recently broken a downward sloping diagonal trendline that is now acting as support. The current faltering momentum can therefore be seen as a retest of this breakout.
If the upward movement continues, the next technical target lies around $30 — almost double the current level. The resistance zone around $20 is a major hurdle in the shorter term and is also the target resulting from the aforementioned pattern.
LINK seems to have finally broken the downward trend. With a clear 'break of structure', investors can cautiously look upwards again. Crucial is that the price remains above the recent bottom of $13. If this level breaks, $10 could become the next price target.
However, for now, there seems to be a positive future ahead for LINK, with the $20 zone as the next challenge for the bulls.
What contributed to LINK's recent price increase?
The recent increase of over 30% can be attributed to a sharp increase in trading activity, both among large and small investors, as well as increased confidence among large investors.
What does the breakout of the 'head and shoulders' pattern mean?
This pattern is a classic technical signal that often points to further price increases. It indicates that market sentiment is positive and that there is room for further growth.
What are the main price targets for LINK in the near term?
In the short term, the resistance zone around $20 is a major hurdle, while the next technical price target is around $30 if the rise continues.
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