Link's Price Surge: Can Chainlink Reserve Maintain 14% Increase?
Chainlink (LINK) is currently experiencing a strong bullish phase, according to recent market trends and technical indicators. The cryptocurrency has surged from around $14 in early August 2025 to approximately $24.19 as of mid-August, breaking through a downward trendline active since November 2024.
This breakout is confirmed with bullish technical signals, including elevated RSI, a bullish Supertrend indicator above $21.12, bullish EMA stacking (20/50/100/200-day), and a strong ADX confirming trend strength.
Whale Accumulation and Chainlink Reserve Boost LINK's Outlook
Notable whale accumulation and the recent launch of Chainlink Reserve are key supporting factors for the bullish outlook. The Spot Average Order Size indicator shows that recent Chainlink (LINK) trades are increasingly composed of large blocks, confirming whale activity outside of just wallet metrics.
Significant on-chain inflows amounting to $12.61 million on August 13, 2025, indicate smart money interest and whale accumulation. These buy-side flows underpin the bullish momentum, with critical support zones identified near $21.04 and $23.00.
The launch of Chainlink Reserve, designed to enhance the token’s supply backing and utility, likely adds fundamental strength to LINK’s outlook by increasing its appeal for decentralized finance and oracle-related applications, thereby attracting further investors and whales.
Price Targets and Forecasts
Various analysts foresee LINK testing higher resistance at $26.46 (Fib 0.786 retracement) and potentially reaching the 2024 highs near $30.93. Monthly forecasts project average prices around $21 to $25 by late August to September 2025, with some variance but an overall bullish sentiment across several sources.
Long-Term Demand and Chainlink Reserve
The Chainlink Reserve launch could fuel long-term demand for LINK, as it provides a protocol-level source of demand for LINK through its payment abstraction layer, allowing the Reserve to purchase and lock away tokens. This leverages both on-chain and off-chain income streams, creating a deflationary feedback loop.
Institutional Interest and Derivatives Market
The trend of large buyer presence in the spot market reinforces the rise in 100K-1M LINK wallets and signals institutional-level interest at the current price level. The derivatives market has shown strong support for LINK's ongoing rally, with Open Interest (OI) rising 26.97% to $1.06 billion and Trading Volume jumping 271.10% to reach $2.70 billion.
Conclusion
In summary, LINK is in a strong bullish phase after consolidating and breaking critical resistance, with whale accumulation and Chainlink Reserve launch providing fundamental tailwinds. However, some analysts caution that if LINK fails to hold above key supports near $20-$21, a retracement to the $12-$15 range could occur. Overall, the current data suggests continued upward momentum is probable in the near term.
- The surging price of Chainlink (LINK), now at approximately $24.19 as of mid-August 2025, is a result of its breakout from a downward trendline active since November 2024, backed by bullish technical signals.
- Whale activity and the recent launch of Chainlink Reserve are key factors driving the bullish outlook for LINK, with large trades continually increasing and smart money interest noted.
- Analysts predict that LINK may test higher resistance at $26.46 and even reach the 2024 highs near $30.93, while monthly forecasts project an average price range between $21 to $25 by late August to September 2025.
- The launch of Chainlink Reserve is expected to fuel long-term demand for LINK due to its protocol-level source of demand, leveraging both on-chain and off-chain income streams, and creating a deflationary feedback loop.
