TLDR:
- Chainlink Price holds close to $ 23 with traders watching $ 22 support and a possible reversal higher.
- Analyst Matthew Dixon flagged $ 22.12 as a DCA zone while warned of a potential dip against $ 21.06.
- Value wallets that hold over 100,000 links continue to rise, which indicates a stable accumulation at lower intervals.
- Chainlink’s realized price is $ 15.1 and provides a strong support base for further corrections.
Chainlink’s price Handed in a narrow zone and keeps investors at the edge. The token has held around the $ 23 interval while traders debate whether the next move will be a deeper dip or a new breakout.
Some analysts point to technical levels that can mark the turning point. Others are looking at electoral activity, which has increased steadily. Together, the signals have received attention back to ChainLink when sitting at a critical stage.
Chainlink Price faces important support levels
Veteran trader Matthew Dixon shared his analysis of Chainlink’s chart on Social Platform X. He noted that the link has already tested 0.786 Fibonacci -RetraCement close to $ 22.12, which has served as a support zone before.
Dixon suggested that this level could serve as a good area for average in dollars, although he warned that another dip to 100% extension to $ 21.06 was possible.
At the time of writing, the COESTECKO -data link trade showed to $ 23.53, which reflected a profit of 2.17% over the past 24 hours.
The price has still dropped by 3.32% over the past week and emphasizes the choppy action. Traders are now watching if token can hold over $ 22 level and build speed for One move higher.
The relative strength index hovered around 49.55 and left the token in neutral territory.
Dixon observed that a trait above 60 could indicate a raised reversal, while a drop below 40 would lean Baisse. The mixed signals have left traders shared, although the technical installation suggests that both sides are possible in the short term.
We already have a potential upward turn in the game for #LINK At the extension of 0.786 of the first wave, although we can dip to the 100% extension shown by the second red arrow.
Anyway it should be good DCA territory before the probable step higher pic.twitter.com/oaxv1ot9aj– Matthew Dixon – Veteran Financial Trader (@mdtrade) September 3, 2025
A dotted trend line on Dixon’s chart pointed to a potential breakout If the link can be collected Enough to buy speed. If such a move plays out, traders expect targets about $ 24.5 and thereafter.
Valks accumulate more Chain link
While traders are tracking the lists, voting activity has shown a different trend.
Data on the chain shared by Alphractal stated that wallets that hold between 100,000 and 1 million link, along with those holding more than 1 million, have increased steadily. This steady accumulation suggests a strong interest from larger holders, even during periods with price weakness.
Chainlink’s realized priceOr the average acquisition cost of coins in circulation is currently about $ 15.1. This metric is regarded by analysts as an important level of support, as it reflects the Breakeven price for the broader market. If the link is to correct deeper, this level can become a base where accumulation strengthens further.
🐳 whales and sharks continue to collect chain link
Chainlink’s realized price – the average acquisition cost of all coins in circulation, weighed by their last movement – is currently about $ 15.1. This level can serve as strong support for deeper corrections, making it … pic.twitter.com/K52MUYRFNH
– alphractal (@alphractal) September 3, 2025
Despite the recent volatility, many wallets remain in profit, which may explain the continued accumulation of whales and sharks.
According to Alphractal, these investors seem to be sure that ChainLink will play an important role in the next market cycle. The accumulation trend has also given the retailers a reason that Look closely at the asset.
The mixture of technical signals and valence collection has created a complex installation for ChainLink. Traders balance the risk of short -term dip with the possibility of a stronger outbreak forward.
