Binance Withdrawals Signal Bullish Momentum for Chainlink (LINK) as Key Resistance Nears

Recent significant withdrawals of chainlink (LINK) from Binance have reduced the token's available supply on exchanges, coinciding with a technical setup that suggests a potential bullish breakout. As of early 2026, LINK is approaching a crucial resistance level at $14.50, having consolidated within a defined trading channel. This movement indicates renewed investor interest and accumulation, often a precursor to upward price action. The reduction in exchange supply, particularly from a major platform like Binance, typically signals that holders are moving tokens into private wallets for long-term storage, decreasing immediate selling pressure. This on-chain dynamic, combined with favorable technical indicators, creates a compelling narrative for LINK's short-term trajectory. The 50-day and 200-day Exponential Moving Averages (EMAs) are both aligned in an upward trend, reinforcing the strength of the current market structure. Furthermore, the Moving Average Convergence Divergence (MACD) indicator, a key momentum gauge, is also hinting at building bullish momentum. Market participants are now closely watching for a decisive close above the $14.50 level, which could confirm the breakout and open the path for further gains. This scenario underscores a classic confluence of fundamental supply reduction and technical bullishness, positioning Chainlink for a potentially significant move as it challenges a key technical barrier in January 2026.

Chainlink Eyes Breakout After Major Binance Withdrawals Reduce Exchange Supply

Chainlink (LINK) shows signs of renewed momentum as it approaches a key resistance level at $14.50, signaling potential short-term upside. The token has been consolidating within a defined trading channel, with investors watching for a decisive breakout amid reduced supply from Binance withdrawals.

Technical indicators suggest bullish potential—the 50-day and 200-day EMAs point to an upward trend, while MACD and RSI hint at waning bearish pressure. A sustained MOVE above $14.50 could open the path to $15-$16, though failure to hold $13.30 may trigger a pullback.

Notably, large-scale LINK withdrawals from Binance have tightened exchange supply, a factor that could amplify volatility in either direction. Market participants are weighing technicals against shifting liquidity conditions.

Bitcoin Holds Above $90K as Binance Liquidity Signals Potential Rally Continuation

Bitcoin stabilizes above $90,000, testing the $94,000 resistance level after weeks of sideways trading. Market sentiment shows tentative Optimism as sell-side pressure eases, allowing buyers to re-enter cautiously.

The Bitcoin-to-stablecoin ratio on Binance—a key liquidity metric—suggests undeployed capital remains high. Elevated stablecoin balances relative to Bitcoin holdings indicate available buying power, reducing near-term downside risk.

Darkfost's analysis highlights this ratio as critical for gauging market momentum. Unlike past rallies fueled by exhausted liquidity, current conditions show stablecoins still dominate exchange reserves, providing a buffer against sharp reversals.

Psychological support at $90,000 now acts as a floor. Should confidence build further, sidelined capital could fuel additional upside—though breakout confirmation remains pending.