Chainlink Hits $9.64 as 3.96M Holders Signal Wyckoff Accumulation Today

Chainlink climbed to $9.64, its highest level since May 27, after rising 15.1% over the past week and outperforming a broader crypto market that slipped 0.20% amid macro and geopolitical uncertainty. The LINK/BTC pair jumped 15.4% over the past month, its strongest reading since May. Behind the move, on-chain data shows unique LINK holders reaching a record 3.96 million, while analysts point to a developing Wyckoff accumulation pattern as evidence that large holders are building positions ahead of a potential breakout.

LINK Holder Count Hits Record 3.96M

Chainlink has climbed to $9.64, a level not seen since May 27, according to CoinMarketCap data. The token reached an intraday high of $9.51 the previous session, up 15.1% over the past week and well ahead of the broader digital asset market, which slipped 0.20% amid macroeconomic and geopolitical uncertainty. Against Bitcoin, LINK has also outperformed sharply, with the LINK/BTC pair gaining 15.4% over the past 30 days to exceed 0.0001503 BTC, its highest reading since May. Analyst Ali Martinez shared Santiment data showing the number of unique LINK holders has risen to a record 3.96 million globally, the highest count in Chainlink’s history, even as the token still trades 81.89% below its $52.70 all-time high set in May 2021. That gap between rising holder counts and depressed price is being read by some analysts as a sign large holders are accumulating during the current price weakness rather than exiting positions.

Wyckoff Pattern Points to Final Stage

Analyst CoinProbe identified a Wyckoff Accumulation pattern forming on LINK’s weekly chart within a $7.03 to $10.77 range, a structure that typically marks a series of stages during which large holders build positions before a sustained uptrend begins. According to the analysis, LINK currently sits in the final accumulation stage of that pattern, positioning the token for a potential breakout. Separately, analyst Michael van de Poppe described LINK as trading at a generational bottom, arguing the token is positioned for a significant move higher after its sustained decline from 2021 highs.

• Unique LINK holders: record 3.96 million, per Santiment data
• Wyckoff range: $7.03 to $10.77 on the weekly chart
• LINK/BTC performance: up 15.4% over 30 days to 0.0001503 BTC

Analysts Eye $17.41 Upside Target

Van de Poppe’s outlook centers on LINK reclaiming the $10.03 resistance level before pulling back toward an ideal entry zone near $9.42, from which he expects a rally toward $17.41. CoinProbe’s Wyckoff analysis points to a similar target, with a breakout from the accumulation range potentially unlocking an 83% move from current levels toward the same $17.41 mark. Both analyses rest on the same underlying thesis: that rising holder counts and sustained accumulation at depressed prices typically precede meaningful upside once selling pressure exhausts itself.

Conclusion: Two Signals, One Direction

Chainlink’s setup combines two distinct signals pointing in the same direction: a record number of unique holders and a textbook Wyckoff accumulation structure nearing its final stage. Neither guarantees the breakout materializes, and LINK remains well below its 2021 peak regardless of near-term momentum. But the alignment between on-chain accumulation data and technical chart structure gives the bullish case more weight than price action alone would suggest, with $10.03 standing as the immediate level that would confirm whether this accumulation phase is ready to resolve higher.