LINK may be approaching a major reversal as MVRV turns bullish, whale transactions surge, and active addresses nearly double.
Chainlink has surged by almost 8% over the past week despite choppy price action across the broader crypto market. The crypto asset may be setting up for a major move, according to crypto analyst Ali Martinez.
What makes the setup particularly interesting is that some of the signals now appearing on LINK’s chart have historically emerged ahead of sharp rallies.
Whale Activity and Network Usage Jump
For the first time in more than a year, the MVRV Ratio has formed a golden cross with its 200-day SMA, a historically significant bullish signal. Interestingly, the same setup preceded a 155% rally in November 2024 and an 85% rise in July 2025. If the pattern repeats, the latest crossover could support another significant move.
To top that, whale activity is also increasing. Over the past 96 hours, transactions worth more than $1 million on the Chainlink network rose from roughly one to around 15. This indicates a sharp rise in large-holder activity.
Network activity has strengthened as well. Active addresses nearly doubled during the same period after climbing from about 2,450 to 4,800. Martinez also flagged a buy signal from the TD Sequential on the crypto asset’s monthly chart. According to the analyst, it could be a macro reversal signal that switches the trend from bearish to bullish.
On the daily chart, LINK is testing the mid-range of a parallel channel at $8.80. A daily close above that level may pave the way for a 30% rally toward the channel’s upper boundary near $11.
A fresh and much bolder outlook was recently put forward by another market watcher, CryptoPatel, who said that LINK is sitting in a strong long-term accumulation zone, with a higher-timeframe close above $10.87 potentially opening the door to $25, $50, and even $100.
You may also like:
Another trader, TheBoss, identified a similar setup, while pointing to months of consolidation above major support and a descending trendline that could soon be tested. Momentum indicators such as RSI, MACD, and ADX may become increasingly important if the token breaks that trendline.
Meanwhile, Standard Chartered’s outlook stretches even further. Its forecast calls for roughly $13 in 2026, $41 in 2027, $82 in 2028, and $133 in 2029 before the token reaches $200 in 2030. The bank also expects growing blockchain-based tokenization to play a major role in that climb.
Institutional Footprint
Zooming out, the oracle network has secured over $33 trillion in total transaction value. The figure has climbed sharply in just a few months. Back in April 2026, the transaction value stood at around $30.06 trillion. This means that the network has added more than $3 trillion since then.
Its institutional footprint is also expanding across financial markets and crypto. DTCC has processed live production transactions involving tokenized securities that were powered by Chainlink for secure data orchestration. Major institutions, including J.P. Morgan and CME Group, have participated in the initiative.
Project Pangea, meanwhile, has brought together more than 50 banks to explore T+0 cross-border FX settlement using stablecoins, SWIFT, and Chainlink infrastructure.
Adoption is also spreading across the crypto industry as platforms including BitGo, Robinhood, Aave, and OKX are using its technology. Mantle has migrated its Super Portal from LayerZero to CCIP. Lombard also uses the protocol to facilitate cross-chain deposits into its Bitcoin Onchain Credit Strategy. Circle’s Arc has also joined Chainlink Scale.
