- Chainlink (LINK) surged over 18% this week, breaking past $21 resistance and nearing $29, supported by strong whale accumulation.
- The network’s growth in real-world asset (RWA) data feeds and institutional adoption is further boosting its bullish outlook.
Chainlink (LINK) has made impressive gains this week, rising over 18% and breaking past key resistance levels. Trading around $25, the crypto is eyeing its next milestone near $29, fueled by strong whale activity and growth in real-world asset (RWA) adoption.
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Breakout Clears Long-Term Resistance
LINK’s price surged past the $20–$21 resistance zone, a level that had previously stalled rallies since early 2025. The breakout came with high trading volume, pushing LINK above its 200-day moving average. The former supply region now acts as a support zone, providing stability as the price consolidates above it.
Analysts are optimistic. Emperor, a crypto market commentator, noted:
“If BTC holds $115,000 and LINK consolidates, I expect this to move toward $29.”
While a pullback remains possible—potentially retesting $20—market observers believe the rapid ascent makes a sharp drop unlikely unless broader conditions weaken.
Whale Accumulation Indicates Strong Confidence
Large investors are showing renewed interest in LINK. Whale wallets have acquired over 1.1 million LINK in the past week, approximately $27 million, signaling confidence in the token’s upward trend. The top 100 LINK wallets also increased their holdings by over 12%, reflecting strong smart money participation.
This surge in accumulation suggests that major buyers are positioning themselves for continued gains, reinforcing Chainlink’s bullish outlook in the near term.
Chainlink Leading in RWA Development
Chainlink is expanding its influence beyond traditional DeFi applications, becoming a key player in the real-world asset sector. The network recently launched data feeds for U.S. equities and ETFs, attracting institutional interest.
One analyst commented,
“Chainlink is delivering what institutions need for tokenized markets. The LINK era is here. This is just the beginning.”
According to Santiment, Chainlink now ranks first in RWA development activity, highlighting its growing role in bridging blockchain with mainstream financial instruments.
LINK remains near short-term highs, with the $29 level as the next resistance. Traders and investors are closely monitoring price action and whale activity while the broader altcoin market seeks direction. Continued accumulation and RWA integration could further strengthen Chainlink’s position as a leading smart contract oracle solution.
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