Dec 30, 2025
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Chainlink Faces Pressure as $50M Withdrawn from Binance in a Week
Chainlink (LINK) Market Overview
- Chainlink is facing pressure, trading below $13 and failing to regain previous bullish momentum.
- Analysts caution potential further downside before recovery, given the fragile market sentiment.
On-Chain Data Insights
- Despite weak price action, on-chain data indicates increased accumulation activity.
- Exchange outflows total approximately $50 million, signaling reduced selling pressure as holders move LINK to self-custody or long-term storage.
- This behavior suggests an accumulation phase amid weak prices.
Technical Analysis
- LINK's price rests on a long-term bullish trendline, acting as dynamic support since 2020.
- The convergence of heavy exchange outflows and retesting major historical support signals smart money accumulation.
- A successful defense of this support level could preserve Chainlink’s long-term bullish structure.
Structural Demand Testing
- LINK trades around $12.50, with a medium-term downtrend confirmed by lower highs.
- Price is below short- and medium-term moving averages, indicating corrective rebounds rather than impulsive ones.
- The $12–$13 range is a critical support area that has historically attracted demand during market weaknesses.
- Reduced volume in recent price action suggests stabilization over distribution.
- Bulls need to reclaim the $15–$16 zone for a meaningful trend reversal.
