Chainlink (LINK) is trading around $11.57, down 1.36% over the past 24 hours. The token’s daily range is between $11.46 and $11.80, while its market capitalization stands at $8.65 billion and reported trading volume is $307.47 million.

LINK has gained 35% over the past 30 days, although it remains 78.05% below its all-time high of $52.70, set in May 2021. The recent advance has drawn attention from both retail and institutional investors, while analysts are monitoring whether the token can reclaim higher resistance levels.

Whales accumulate during correction

Analyst Ali Charts said on X that large holders appeared to buy LINK during a 17% correction from $13.68 to $11.29. Over a 96-hour period, large entities accumulated roughly 10.36 million LINK tokens, valued at approximately $120 million.

Ali Charts said that accumulation following a sharp pullback could indicate that whales are positioning for a potential rebound. The accumulation estimate reflects activity by large holders, while the ETF figures below reflect reported fund flows, so the two measures provide separate indications of market participation.

CHAINLINK: WHALES BUY THE DIP Following Chainlink’s recent 17% correction from $13.68 to $11.29, whales appear to have taken advantage of the weakness. Over the past 96 hours, large entities accumulated roughly 10.36 million $LINK , worth around $120 million. That kind of… pic.twitter.com/hHqxkWMYj7 — Ali Charts (@alicharts) September 13, 2026

Chainlink ETF inflows return in September

Chainlink exchange-traded funds recorded positive inflows in early September. Bitwise’s CLNK received $1.09 million, while Grayscale’s GLNK attracted $4.27 million on September 9 and 10, respectively. Both funds reported zero net inflows on September 11.

Combined lifetime inflows for the two ETFs now total $151.76 million. Their total net assets are $181.83 million, equivalent to roughly 2.10% of Chainlink’s market capitalization.

Grayscale’s GLNK remains the larger product, with $135.88 million in assets. Bitwise’s CLNK holds $45.95 million. The September 9 and 10 inflows totaled $5.36 million.

LINK technical levels

From a technical perspective, $11.46 is the most recently confirmed support level. Resistance is located between $11.57 and $11.60, followed by $11.80.

The MACD histogram has a slightly positive reading of 0.011, indicating that bearish momentum is easing. The relative strength index is 38.65, above the oversold zone but not yet indicating strong buying pressure.

A four-hour close above $12 would represent the first confirmation signal for a move toward the $13.30 swing high. A break above that level could bring $14 into focus, followed by the $15 target, which is roughly 29% above current levels. These levels are technical reference points rather than forecasts.

Analyst Moe also highlighted a LINK/BTC chart, saying the pair is compressing within a long-term descending structure. LINK/BTC is near a demand zone that could serve as a pivot point, although no breakout has been confirmed.

LINK/BTC $LINK is a beast pic.twitter.com/Uv6200UzWE — Moe (@Crypto_Moe84) September 12, 2026

The Chaikin Money Flow reading is -0.39, indicating that selling volume exceeded buying volume during the measured period. In the short term, LINK would need to reclaim $11.55 and $11.60 to improve its momentum.

Source: CoinCentral