Chainlink: How THIS demand zone could send LINK past $13
The post Chainlink: How THIS demand zone could send LINK past $13 appeared on BitcoinEthereumNews.com.
Chainlink [LINK] recorded a fresh $2.65 million spot outflow, at press time, extending the persistent trend of exchange exits displayed on the inflow/outflow chart. This consistent pattern signals that traders continue removing tokens from exchanges, which usually indicates accumulation pressure rather than liquidation interest. Besides, these outflows form near the same zone where price recently reacted, creating stronger alignment around demand. However, LINK must still show more follow-through before bulls tighten control. Market participants monitor whether shrinking supply accelerates buyer confidence as liquidity thins. Even so, deeper outflows help establish a foundation for potential recovery if buyers continue defending this region while avoiding aggressive inflows. Taker Buy CVD dominance shows buyers absorbing supply The Taker Buy CVD chart highlights steady buyer aggression, as buy-side takers consistently absorb sell orders across the 90-day window. This behavior strengthens confidence because buyers step in each time the price retests the demand boundary. Furthermore, the CVD trend aligns closely with the spot outflow footprint, reinforcing the narrative of accumulation. However, sellers still attempt to pressure the market during local pullbacks, though buyers respond quickly. Consequently, this resilience helps stabilize price action around the developing double-bottom structure. If this dominance continues, LINK may gain enough momentum to approach the next liquidity cluster and challenge the overhead resistance level near $13.49. Source: CryptoQuant Chainlink whale orders rise as ETF excitement builds The Spot Average Order Size indicator reveals larger executed trades, signaling whale participation returning near the reaction zone. This aligns with repeated sharp buys observed after price dips into the highlighted demand area. Additionally, increased whale activity typically strengthens rebound potential because larger buyers often step in early during accumulation phases. However, strong confirmation still depends on sustained follow-through rather than isolated large orders. Even so, the presence of whales during sensitive levels increases the probability…
