Chainlink (LINK), the native token of a decentralized oracle network connecting blockchains with off-chain data, has gained approximately 120% from the $7–8 accumulation zone identified by analyst Crypto Patel, but recent exchange flow data points to growing selling pressure around the token. Patel maintains a bullish outlook for LINK, laying out price targets ranging from $18 to $200, while the token's latest retreat from $15.60 has drawn attention to short-term market activity. LINK climbed from around $11 to $15.60 earlier in the month before turning lower.

Analyst Charts a Path to $200

According to Crypto Patel, LINK has reclaimed its breakout structure and continues trading above a bullish order block on the higher-timeframe chart. The analyst said the original $7–8 accumulation zone has already been filled.

Patel identified $18, $32, $50 and $100 as successive targets, with $200 as the longer-term objective. He also highlighted a key demand zone between $8.50 and $10.50, and said his outlook depends on LINK maintaining its bullish structure above that area. In his assessment, holding the zone could support another expansion in price. As with any individual analyst's targets, these levels represent one technical interpretation of the chart rather than an assured outcome.

Inflows Build Ahead of the September Pullback

One-hour spot inflow and outflow data covering Sept. 18 to 30, sourced from Coinglass, shows volatile exchange-related activity as LINK moved higher. Metrics of this kind track buy-side and sell-side activity on spot exchanges, with inflows reflecting buying and outflows reflecting selling. The token initially climbed from roughly $11–$11.50 toward $12.50–$13 despite mixed flows, before a major outflow of approximately $5 million occurred around Sept. 23.

LINK later recovered, with momentum strengthening between Sept. 25 and 28 as its price advanced from about $13 to above $15. Positive inflows increased during that period, including a peak near $6 million on Sept. 28, and another inflow spike of approximately $4 million accompanied the sharp price appreciation.

Outflows Rise as LINK Retreats From $15.60

LINK reached approximately $15.50–$15.60 around Sept. 29 before retreating toward $14.20–$14.30 by Sept. 30. Over the same stretch, red outflow bars became more frequent, with several reaching approximately $2 million to $3 million.

The latest activity points to short-term profit-taking and weaker buying pressure following the inflow surge, according to flow data. LINK's immediate levels include $15–$15.60 as resistance, while $14 and $13 remain potential downside areas. Sustained inflows above the $1 million–$2 million range could support another test of the recent highs.