Key Takeaways
Chainlink Reserve surpasses 280K LINK, while cup and handle breakout strengthens outlook. Besides, Futures data shows 70% long positions as volume inflows confirm bullish conviction.
Chainlink [LINK] has added 43,034.62 LINK to its reserve, pushing total holdings to 280,048.69 LINK and reinforcing confidence in the network’s long-term sustainability.
This steady accumulation highlights the network’s commitment to long-term sustainability.
The reserve is funded through both off-chain revenue from enterprise adoption and on-chain service usage, creating a unique support mechanism.
Investors have responded positively, viewing this buildup as a sign of confidence in future growth.
Moreover, the increase comes at a time when LINK traded at $24.71, up 4.28% in a day, at press time, suggesting the reserve’s role in strengthening overall sentiment.
Can LINK’s cup and handle breakout fuel a rally toward $52?
Chainlink’s weekly chart shows a well-defined cup and handle pattern, often seen as a bullish continuation signal. The breakout above $22 has confirmed the formation, with LINK now consolidating near $24.
Key resistance lies between $28 and $32, levels that must be cleared before higher targets come into view.
If momentum holds, the chart projects a potential move toward $52.
Supporting this outlook, the Directional Movement Index (DMI) showed that the +DI line was above the -DI, as of writing, indicating strengthening bullish momentum.
Overall, traders are increasingly confident that LINK could break through near-term resistance and extend its rally.
Source: TradingView
Trading volume surges as market momentum heats up
The Spot Volume Bubble Map indicates that LINK’s trading activity is heating up, with rising volume reflecting renewed participation across major exchanges.
Larger bubbles and changing color intensity point to accelerating inflows, a sign that more capital is entering the market. This spike in activity supports the technical breakout and validates bullish sentiment across multiple fronts.
Historically, higher volumes during breakouts often precede sustained rallies.
Consequently, the current surge suggests buyers are positioning aggressively, seeking to capitalize on Chainlink’s structural recovery.
Why are over 70% of Futures traders betting long on LINK?
Perpetual Futures Data from Binance showed that 70.67% of accounts were long, while only 29.33% remained short, at press time. This heavy skew toward long positioning reflects overwhelming confidence in further price appreciation.
However, the imbalance also introduces risks, as sudden pullbacks could trigger cascading liquidations if overleveraged longs unwind.
Still, with LINK’s breakout structure and reserve growth narrative, most traders continue favoring the bullish case.
Hence, futures data aligns closely with technical and on-chain signals, strengthening the argument that LINK remains in an accumulation phase before potentially larger moves unfold.
Can Chainlink’s momentum push LINK into a new cycle?
Chainlink’s growing reserve, bullish chart structure, strong volume profile, and futures dominance paint a compelling picture.
These aligned metrics confirm that LINK is well-positioned to sustain its upward trajectory once resistance near $28–$32 is cleared.
With momentum accelerating, the projected target around $52 becomes increasingly attainable.
