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LINK Chainlink (LINK) is regaining attention, multiple key indicators point to potential bullish reversals
Multiple key indicators show that Chainlink (LINK) is regaining market attention, and potential bullish reversals are emerging. Increased whale activity, increased online participation and positive changes in market valuations are consistent with the improvement trends suggested by technical indicators. Currently, LINK is testing a key resistance area, and if momentum continues, market expectations that it will usher in a broader recovery phase will rise.
Technical signals point to a shift in LINK's macro structure
Ali Charts, a cryptocurrency analyst specializing in on-chain and technical analysis, pointed out that LINK's market structure has undergone significant changes. For the first time in more than a year, the MVRV (market value to realized value) ratio exceeded its 200-day simple moving average. This "golden cross" is often seen as a bullish signal in the cryptocurrency market, indicating that market sentiment may be turning positive.
The MVRV ratio is a commonly used indicator to evaluate asset valuations by comparing current market value to realized value (i.e., the total cost basis for all token holders). When MVRV rises above the long-term average, it may signal that investors are starting to accumulate again and there is potential room for growth.
Historical data shows that a similar MVRV gold crossover triggered a 155% gain in November 2024 and drove an 85% gain in July 2025. Although historical performance does not guarantee future results, this recurring pattern is increasing optimism among market participants.
For the first time in more than a year, LINK's MVRV ratio crosses its 200-day simple moving average in gold, a trend that historically bodes well into sharp gains.
Mini Dictionary: The MVRV ratio, a key on-chain indicator, evaluates whether cryptocurrencies are relatively overvalued or undervalued relative to the holder's cost base by dividing the asset's market value by the realized market value.
Whale trading and online growth support optimism
Recent online data shows that the number of large-value transactions has increased sharply. In the past four days, the number of LINK transfers exceeding $1 million has jumped from about 1 per day to about 15, reflecting greater activity among large holders (often referred to as "whales"). Such movements may indicate growing institutional interest or strategic positioning of large funds.
Internet engagement has also improved. During the same period, the number of active Chainlink addresses almost doubled from 2450 to 4800. Although this trend suggests increased participation, it is unclear whether the whales are accumulating LINK or distributing them to the market.
In addition, technological momentum is increasing. The widely used trading signal TD Sequential indicator has sent a buy signal on LINK's monthly chart. Monthly indicators are considered more meaningful due to their longer time periods. If price movements are confirmed, this will further strengthen Chainlink's bullish case.
Monthly signals are usually more important than other signals due to their nature; therefore, confirmation of price movements can be crucial for Chainlink.
Price movements target US$8.80 resistance and US$11 breakthrough
On the daily chart, LINK is testing the middle track of its parallel trading channel, near the US$8.80 resistance zone. Breaking through this level may signal a renewed strengthening of bulls 'power and lay the foundation for further gains in the future. If prices close above $8.80 and maintain momentum, analysts expect LINK to target $11 on the channel.
The continued rise from US$8.80 to US$11 means there is about 25% to 30% room for upside compared with current levels, making the current price a key point for both short-term traders and long-term investors. Market participants are closely watching whether LINK can regain its footing at $8.80 despite continued growth in online activity and significant whale engagement.
Any decisive breakthrough supported by improved on-chain data could confirm that Chainlink has shifted from a long-term downward trend to a new bullish phase.
