Chainlink to $28? LINK Price Eyes Bullish Retest

Chainlink $LINK looks to be in the middle of a bullish retest at the breakout zone. This setup could pave the way for a move to $22 or even $28! pic.twitter.com/6wJ755gE2a

— Ali (@ali_charts) July 27, 2025

A bullish retest happens when an asset breaks through a critical resistance level, then pulls back to reaffirm that level as new support before continuing its upward trend. In LINK's case, the token recently broke above $20, and the recent rebound hints at a retest of this level, which could set it up for the next leg up.

If LINK successfully retests the $20 level and maintains buyer momentum, the next target could be $22 in the short term, with $28 as a possible extension if bullish pressure persists.

Whales in accumulation

On-chain data reveals that large investors have been actively adding to their LINK holdings, acquiring tokens worth tens of millions of dollars.

In the past week, Ali reported that whales accumulated over 1.6 million Chainlink (LINK) in two weeks. This surge in whale activity often serves as a bullish signal, suggesting that major players expect future price gains.