Chainlink Cryptocurrency Grows by 15% Despite the Downturn in the Cryptocurrency Market

Chainlink (LINK) has demonstrated a strong surge, adding almost 15% over the week and breaking through the long-term resistance zone between $ 25 and $ 26 for the first time in seven months. Currently, the coin is trading at $ 24.2, confirming a bullish breakout above the 200-day moving average amid rising trading volumes.

The whales have become a significant driver: large holders have purchased about 1.1 million LINK over the past seven days, worth almost $ 27 million. The top 100 wallets have increased their holdings by more than 12%, signaling renewed confidence from institutional and wealthy investors.

The network’s healthy growth is further evidenced by the record-breaking figures for 2025. According to Santiment, almost 9,600 new LINK wallets were created in mid-August, and the number of daily transactions exceeded 9,800. Such surges are usually interpreted as a sign of organic demand from retailers and large market participants.

The positive effect is also reinforced by the launch of Chainlink Reserve, a smart contract treasury that accumulates tokens from corporate integrations and creates deflationary pressure on the circulation. Additionally, Chainlink’s expanding presence in the real-world asset (RWA) tokenization sector, including new data feeds for ETFs and equities, strengthens its position as a bridge between traditional finance and blockchain. Partnerships with giants such as Intercontinental Exchange and SWIFT only strengthen institutional trust.

Analysts note the following key areas: $ 29-$ 30 as the nearest major resistance and the potential for further movement to $ 33-$ 38 in the medium term. Longer-term forecasts, if the project implementation is accelerated, reach $ 57. At the same time, a pullback to $ 20 is possible if market sentiment changes dramatically.