Key HighlightsLINK has surged 35% in the last month, positioning for a potential move to $15Institutional ETF products recorded $5.36 million in September inflows via Bitwise CLNK and Grayscale GLNKCurrent trading price hovers near $11.50, with critical support established at $11.46Large wallet holders purchased approximately 10.36 million LINK tokens (valued at ~$120M) during recent price declineBreaking through the $12 resistance level could trigger a rally toward $13.30, $14, and ultimately $15Chainlink (LINK) currently trades at $11.57, experiencing a 1.36% decline over the last day. The token’s intraday range spans from $11.46 to $11.80, supported by a market capitalization of $8.65 billion and 24-hour trading volume totaling $307.47 million.Chainlink (LINK) PriceThe decentralized oracle network token has delivered impressive returns of 35% throughout the past month, capturing significant interest from both retail participants and institutional capital. Despite this recent strength, LINK remains 78.05% below its historical peak of $52.70 reached in May 2021.Market analyst Ali Charts highlighted on X that major holders capitalized on recent weakness by buying during the dip. Following a 17% retracement from $13.68 down to $11.29, substantial wallets acquired approximately 10.36 million LINK tokens over a 96-hour window, representing roughly $120 million in value. According to Ali Charts, this pattern of large-scale accumulation following significant price corrections typically signals that major players are establishing positions ahead of potential upward movement.CHAINLINK: WHALES BUY THE DIPFollowing Chainlink’s recent 17% correction from $13.68 to $11.29, whales appear to have taken advantage of the weakness.Over the past 96 hours, large entities accumulated roughly 10.36 million $LINK, worth around $120 million.That kind of… https://t.co/atynpETYPJ pic.twitter.com/hHqxkWMYj7— Ali Charts (@alicharts) September 13, 2026September Brings Renewed ETF MomentumChainlink-focused exchange-traded fund products experienced positive capital flows during early September. Bitwise’s CLNK and Grayscale’s GLNK recorded inflows of $1.09 million and $4.27 million on September 9 and 10, respectively. Both funds reported neutral flow activity with zero net inflows on September 11.The cumulative lifetime inflows across both ETF products have reached $151.76 million. Combined assets under management currently stand at $181.83 million, accounting for approximately 2.10% of Chainlink’s total market capitalization.Grayscale’s GLNK maintains its position as the dominant product with $135.88 million in managed assets, while Bitwise’s CLNK oversees $45.95 million.Critical Technical Zones in FocusFrom a technical analysis perspective, $11.46 represents the most recently validated support zone. Immediate resistance exists between $11.57 and $11.60, with additional overhead pressure at $11.80.The MACD histogram displays a modest positive value of 0.011, indicating that bearish momentum may be weakening. Meanwhile, the RSI registers at 38.65, positioned above oversold territory but not yet reflecting robust bullish pressure.A decisive four-hour candle close above $12 would serve as the initial confirmation signal for bulls. This development could reestablish momentum toward the $13.30 swing high. Clearing that level would direct attention to $14, followed by the $15 objective — representing approximately 29% upside from current pricing.LINK/BTC $LINK is a beast https://t.co/UBF7PAlDkp pic.twitter.com/Uv6200UzWE— Moe (@Crypto_Moe84) September 12, 2026Analyst Moe identified a LINK/BTC chart pattern showing the trading pair consolidating within a prolonged descending formation. The pair trades near a demand zone that may serve as a potential reversal point, though no confirmed breakout has materialized yet.The Chaikin Money Flow indicator registers at -0.39, reflecting greater distribution volume compared to accumulation during the recent period. For improved near-term momentum, LINK must recapture the $11.55 and $11.60 levels.The post Chainlink (LINK) Whales Accumulate $120M as Price Tests Critical Support Levels appeared first on Blockonomi.