{"id":8015,"date":"2025-08-17T16:41:06","date_gmt":"2025-08-17T16:41:06","guid":{"rendered":"https:\/\/bitunikey.com\/news\/chainlink-price-targets-30-as-link-reserves-whale-buying-jumps\/"},"modified":"2025-08-17T16:41:20","modified_gmt":"2025-08-17T16:41:20","slug":"chainlink-price-targets-30-as-link-reserves-whale-buying-jumps","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/chainlink-price-targets-30-as-link-reserves-whale-buying-jumps\/","title":{"rendered":"Chainlink price targets $30 as LINK reserves, whale buying jumps"},"content":{"rendered":"<div class=\"post-detail__content blocks\">\n<p class=\"is-style-lead\">Chainlink\u2019s token is closing in on a fresh yearly high, reaching $26 at last check on Sunday, driven by renewed investor momentum and growing adoption of its oracle network.<\/p>\n<div id=\"cn-block-summary-block_79b65533f263a2a882b5f8a4968534fc\" class=\"cn-block-summary\">\n<div class=\"cn-block-summary__nav tabs\">\n        <span class=\"tabs__item is-selected\">Summary<\/span>\n    <\/div>\n<div class=\"cn-block-summary__content\">\n<ul class=\"wp-block-list\">\n<li>Chainlink price resumed its strong bull run this month.\u00a0<\/li>\n<li>The recently launched LINK reserves have continued rising.<\/li>\n<li>Technical analysis points to more gains, potentially to $30.<\/li>\n<\/ul><\/div>\n<\/div>\n<p><!-- .cn-block-summary --><\/p>\n<p>Chainlink (LINK) jumped by 123% from its lowest level this year.\u00a0<\/p>\n<h2 class=\"wp-block-heading\">LINK reserves are growing<\/h2>\n<p>Chainlink recently launched the LINK reserves feature that allows it to channel its on-chain and enterprise fees into it. Data compiled on its <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/metrics.chain.link\/reserve\" target=\"_blank\">website<\/a> shows that it now has 109,663 LINK tokens in its reserves.\u00a0<\/p>\n<p>Going by the current LINK price, these reserves are valued at over $2.7 million, a trend that will likely continue. The strategy has already been profitable as the average LINK cost basis was $19.65.\u00a0<\/p>\n<p>Chinlink\u2019s total value secured on its platform has continued growing. The TVS has jumped to over $93 billion, with the majority of the funds being allocated to Ethereum\u2019s network.<\/p>\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\">\n<div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Total value secured for <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/twitter.com\/chainlink?ref_src=twsrc%5Etfw\" target=\"_blank\">@chainlink<\/a> is up 90% on the year<\/p>\n<p>Including borrowing, there is $93.5B worth of assets deposited into or borrowed from smart contract applications secured by Chainlink oracles <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/t.co\/955gEnPypS\" target=\"_blank\">pic.twitter.com\/955gEnPypS<\/a><\/p>\n<p>\u2014 Token Relations \ud83d\udcca (@Token_Relations) <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/twitter.com\/Token_Relations\/status\/1955293121484312942?ref_src=twsrc%5Etfw\" target=\"_blank\">August 12, 2025<\/a><\/p><\/blockquote>\n<\/div>\n<\/figure>\n<p>Chainlink has also continued inking partnerships with some of the biggest companies globally. Most recently, it announced a major collaboration with Intercontinental Exchange (ICE), the parent company of the New York Exchange.<\/p>\n<p>The partnership will enable ICE to utilize Chainlink\u2019s technology to power its forex and metals trading. This is just one example of how Chainlin\u2019s cross-chain interoperability protocol is being utilized in the real-world asset tokenization industry.\u00a0<\/p>\n<p>Meanwhile, demand for the LINK token remains high. Its futures open interest rose to a record high of $1.5 billion, much higher than the year-to-date low of $421 million.\u00a0<\/p>\n<p>Whale accumulation has continued this month. These investors now hold 5.61 million LINK tokens, a 68% monthly increase. Whale buying is one of the most bullish catalysts for a token, as it indicates demand from investors who have a larger stake in the game.<\/p>\n<h2 class=\"wp-block-heading\">Chainlink price technical analysis<\/h2>\n<figure class=\"wp-block-image size-full\"><figcaption class=\"wp-element-caption\">LINK price chart : Source: crypto.news<\/figcaption><\/figure>\n<p>The daily timeframe chart shows that the LINK price formed a double-bottom pattern at $10.97. This price formed the start of the first phase of the Elliot Wave pattern.\u00a0<\/p>\n<p>The token has now moved into the third phase, which is the most bullish. It has also formed a golden cross pattern as the 50-day and 200-day moving averages crossed each other.\u00a0<\/p>\n<p>The Relative Strength Index and the MACD indicators have continued to rise as bulls target the key resistance level at $27.18, its highest point since January this year. A move above that level will point to more gains to the psychological point at $30.\u00a0<\/p>\n<p>    <!-- .cn-block-related-link --><\/p><\/div>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Chainlink\u2019s token is closing in on a fresh yearly high, reaching $26 at last check on Sunday, driven by renewed investor momentum and growing adoption of its oracle network. Summary&hellip;<\/p>\n","protected":false},"author":1,"featured_media":8016,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-8015","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/8015","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=8015"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/8015\/revisions"}],"predecessor-version":[{"id":8017,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/8015\/revisions\/8017"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/8016"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=8015"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=8015"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=8015"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}