TLDR
- Chainlink formed partnership with PublicAI under BUILD program for AI prediction markets
- Whales bought 1.25 million LINK tokens with $1.84 million in exchange outflows
- LINK holds $23 support with resistance at $31 and potential $47 target
- Short liquidations hit $180K while long liquidations only reached $14K
- PublicAI operates Data Hub with 2.9 million verified contributors
Chainlink has announced a strategic partnership with PublicAI through its BUILD program. The collaboration focuses on creating AI-powered prediction markets and on-chain reputation systems.
LINK currently trades at $23.75 with a market cap of $16.15 billion. The token posted a 2.08% gain over the past 24 hours with $1.55 billion in trading volume.
PublicAI runs a Data Hub featuring over 2.9 million verified contributors. These users earn rewards for providing skill-validated data that trains AI systems and supports inference models across multiple use cases.
The partnership grants PublicAI access to Chainlink’s oracle services and technical support. PublicAI plans to reserve part of its native token supply for LINK service providers and network stakers.
Whale Accumulation Drives Market Dynamics
Large holders purchased 1.25 million LINK tokens during the past 48 hours. Exchange netflows show $1.84 million in outflows, reducing available trading supply.
The accumulation pattern indicates institutional confidence in LINK’s long-term prospects. Whales typically move tokens off exchanges when planning extended holding periods rather than active trading.
Technical analysis reveals a rounded bottom formation on LINK’s weekly chart. This pattern suggests an extended accumulation phase preceding a potential bullish breakout.
LINK successfully cleared the $23.69 Fibonacci extension level. The token now tests resistance within the $28-$32 supply zone.
Short liquidations reached $180K compared to just $14K in long liquidations. This imbalance shows bearish traders facing pressure as LINK maintains stability above $23 support.
Spot trading volume has increased according to market data. Rising spot activity typically indicates stronger conviction from both retail and institutional market participants.
The MACD indicator remains bullish with the blue line above the signal line. Positive histogram momentum supports the current upward trend.
Chainlink Price Prediction
Fibonacci analysis identifies key upside targets at $31.57, $39.45, and $44.32. Some technical analysts project potential movement toward $47 if current resistance levels break.
The PublicAI partnership utilizes Chainlink Runtime Environment for reputation scoring and real-time risk assessment. These applications activate through AI-linked oracle protocols.
A break below $23 support could trigger a retest of $18.82. However, whale accumulation and reduced exchange supply provide downside protection.
At press time, LINK maintains position at $23.44 above the key Fibonacci extension, with technical indicators supporting continued movement toward the $31-$40 target range.
