While great investor activity in Chainlink draws attention, the price continues to be stuck in a narrow band and the critical resistance point has not been passed yet. The number of wallets, called Whale, holding at least 100 thousand LINK reached an all-time high of 805. The current price of LINK is moving around $9.56 and is still below the important resistance area.
The rise in Whale wallets continues
There has been an 8.2 percent increase in wallets holding at least 100 thousand LINK in the last seven weeks. At today’s prices, each of these wallets is worth over $958,000. This development shows that large investors taking long-term positions in the chain have increased their interest in Chainlink, although price pressure continues. Whale accumulation during periods when the market is calm can often indicate the expectation of a long-term recovery.
The number of wallets with at least 100 thousand LINK on Chainlink increased to 805. These types of wallets have increased by 8.2 percent in the last seven weeks. This trend shows that high-volume investors in the crypto market continue to have interest in Chainlink.
Chainlink is among the leading cryptocurrencies in terms of market value. Whales taking a larger share of the total supply may affect market sentiment. However, the increase in the number of wallets alone does not guarantee a strong rise; Additional indicators such as transaction volume and market structure need to be followed for price confirmation.
Mini dictionary: Whale is the term used to describe wallets or users who hold large amounts of assets in a cryptocurrency. They can play an effective role in market movements.
Market sentiment overtakes price
There has been a rapid improvement in market sentiment towards Chainlink in recent days. The sentiment index reached the peak of the recent period, approaching 777 levels. According to analysis, the increase in investor expectations outpaced the price movement. Analysts note that although this means investors are expecting a rapid rise in price, the immediate price has not yet fully responded to this optimism.
Looking at the charts, it is seen that LINK bottomed in February and March after the sharp decline that started in late 2025, and recovered upwards in April. However, in the last few weeks, the price has been under pressure again and has fallen from the local peak.
Currently, the price is fluctuating in the middle of the 735 to 744 band on the chart scale. Around $735 stands out as support, and the 744-748 band stands out as new resistance. A strong close above 748 could start a new upward wave. Otherwise, when it falls below 735 again, the 760 region may be tested.
| Wallet Type | Piece | Value (USD) | Seven Week Change |
|---|---|---|---|
| At least 100K LINK | 805 | ~958,000 | 8.2% increase |
| small investors | low volume | Uncertain | Stable |
Price is below critical resistance
Chainlink’s price is hovering around $9.56 as of May 2026. It recently broke below the 1.0 Fibonacci level at $11.15 and has become the new major resistance point. A strong recovery is not expected until the price clearly breaks $11.15 again. Further upside, there is additional resistance at $14.42 and $17.00. On the other hand, if buyers fail to move above $11.15, there are chances of the price easing towards the $8.00-7.50 range.
Technical indicators paint a neutral to weak picture. The RSI is at 47.7, while the MACD is still in the slightly negative zone. Although Whale accumulation produces a positive signal in the long term, the price must first pass the resistance zone for a new rise.
CryptoAppsy According to the current data reflected on the screens, the price of LINK is traded at $ 9.56.
