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LINK Chainlink has strong momentum, with key indicators showing huge potential
Chainlink (LINK) is rekindling market interest, with multiple indicators showing that positive trends are taking shape. Rising whale trading volumes, expanded online participation and favorable shifts in market valuations echo the prospects for improvement hinted at by technical indicators. As LINK faces key resistance levels, expectations for a broader uptrend are heating up if current momentum continues.
Is LINK's market structure changing?
There is indeed evidence that LINK's market structure is changing. Cryptocurrency analyst Ali Charts, known for his expertise in on-chain and technical analysis, pointed to an encouraging change in LINK's MVRV (market value to realized value) ratio. This key indicator has exceeded its 200-day simple moving average, forming what analysts call a "golden cross." Such phenomena often signal bullish market sentiment.
The MVRV ratio is a key tool for assessing asset valuations by comparing market value to realized value. When this ratio exceeds its long-term average, it often means that investor accumulation has increased and the market may rise.
Historical patterns show that past MVRV gold crosses pushed LINK up 155% in November 2024 and brought an 85% increase in July 2025. Although historical trends cannot predict the future, this pattern still leaves observers optimistic.
For the first time in more than a year, LINK's MVRV ratio has formed a golden cross with the 200-day simple moving average, a phenomenon that historically has often signaled significant upmoves.
What drives LINK's optimistic outlook?
Recent data shows a surge in transaction volume worth more than US$1 million in the past few days, indicating an increase in activity by large holders, commonly referred to as "whales." This growth could signal a rise in institutional interest or a shift in strategies among major investors.
At the same time, the activity of the Chainlink network has increased significantly. The number of active addresses has soared to 4800, double the recent 2450 addresses. Despite the increase in participation, it is unclear whether the whales are accumulating positions or selling LINK to the market.
LINK is testing $8.80 resistance, a key obstacle to further gains. If it breaks through successfully, it may target the US$11 mark and is expected to have an upside potential of 25-30%. Continued whale activity and network growth are key factors in breaking through resistance levels.
Strategists are watching closely to see if LINK can break the $8.80 mark, driven by continued network growth and whale trading. Any confirmed breakthrough could mark a critical transition from a long bear market phase to an active bull market for Chainlink.
