Chainlink has climbed to the $9.64 level for the first time since May 27, according to metrics disclosed by crypto trading platform CMC. Yesterday, LINK reached a high of $9.51, up 15.1% over the past week and outperforming the broader digital asset market, which is down 0.20% amid ongoing macroeconomic and geopolitical uncertainty.
The asset has also significantly outperformed BTC over the past 30 days, with the LINK/BTC pair jumping 15.4% over the month. The pair has now exceeded 0.0001503 BTC, the highest level since May.
Chainlink Unique Holder Count Reaches New Peak
Market analyst CoinProbe recently outlined some of the catalysts behind LINK’s renewed price strength. Data released by the analyst on Saturday indicated that the number of unique LINK holders has risen to a new peak, climbing to a record 3.96 million and suggesting robust whale engagement within the crypto network.
Santiment data shared by analyst Ali Martinez pointed out that the unique holder count on the blockchain has risen to an unmatched level, with around 3.96 million LINK holders now registered worldwide. Although the number of unique addresses holding the asset has never been higher in Chainlink’s history, the asset’s price still trades 81.89% below its $52.70 peak in May 2021. This suggests whales are heightening interest in LINK, accumulating heavily at current prices, which they see as market dips.
LINK at Critical Juncture, Big Leg Up on Horizon
Driven by increased buying appetite among unique (large) token holders, analyst Michael van de Poppe today pointed out LINK’s critical accumulation zone as the asset trades 81.89% down from its peak. According to Poppe, LINK currently trades at a generational bottom and is poised for massive upside in the coming weeks.
 
While the asset has suffered significant downtrends recently, whales see potential market opportunities. Due to sustained market rebounds (noted above), the analyst believes LINK is poised to reclaim the crucial $10.03 resistance level. After regaining the price base, the asset will fall to the ideal entry zone at $9.42 before rallying toward $17.41.
Further metrics shared by CoinProbe supported this bullish buildup. A weekly trading chart released by the analyst (on Saturday) identified that Chainlink is in the formation of a well-established Wyckoff Accumulation pattern within the $7.03-$10.77 range – a structure that reveals stages along which whales expand their asset positions before an uptrend phase starts. The Wyckoff structure shows that LINK is in the final accumulation stage before an uptrend commences, which is set to unlock LINK’s breakout towards $17.41, a potential upcoming 83% surge from the current price level.
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