Stock Price Spikes 3.6% above $22, Boosted by Increased Trading Activity and Emergence of Trend Reversal Signal
As of mid-August 2025, Chainlink (LINK) is exhibiting strong bullish momentum, with the price surging from around $19 to trade near $26. This marks a 73% increase since early August.
Technical analysis suggests continued upside potential, with a key resistance level at approximately $26.32. A decisive breakout above this could pave the way for paths toward $27, $28.50, and potentially $30 in the medium term.
Recent price action has seen LINK break above major resistance around $19–$20, reversing this resistance into support and accelerating higher inside an active impulse wave, indicating further upward momentum toward $26 and beyond.
The MACD is bullish, with the MACD line above the signal line and widening green histogram bars, indicating strong upward momentum. The 20-day SMA is also sloping upward, supporting the bullish trend.
Over $1.39 billion in trading volume was recorded in 24 hours, reflecting strong market participation. Whale and shark wallet accumulation has increased markedly, indicating conviction in further price gains.
However, the RSI and Bollinger Bands data suggest that LINK may be temporarily overbought, indicating a possible short-term pullback or consolidation before continuing its climb.
Price support levels to watch are around $24 and $22, with critical resistance from $26.32 upwards. The launch of a strategic LINK reserve—funded by on-chain and off-chain revenue streams—is strengthening long-term investor confidence by potentially reducing circulating supply over time.
Broader market context: LINK has outperformed many cryptos recently, acting as a reliable bridge for decentralized smart contracts to real-world data, which underpins robust fundamental demand.
In summary, the latest technical analysis and market trends indicate Chainlink is in a strong uptrend with significant momentum aiming at breaking yearly highs near $27–$30, although some short-term consolidation or pullback may occur due to overbought signals.
Cryptocurrency investing in Chainlink (LINK) is experiencing a bullish trend, with the price potentially breaking new yearly highs above $27, spurred by strong technology and finance support. The success of LINK as a reliable bridge for decentralized smart contracts to real-world data bolsters its fundamental demand. As a result, the launch of a strategic LINK reserve is further strengthening long-term investor confidence by potentially reducing the circulating supply over time. Even though temporary overbought conditions may lead to short-term consolidation or pullbacks, the upward momentum is expected to continue in the medium term.
