Chainlink (LINK) Surges 18% to $26 High as Bullish Momentum Builds
The post Chainlink (LINK) Surges 18% to $26 High as Bullish Momentum Builds appeared on BitcoinEthereumNews.com. Joerg Hiller Aug 18, 2025 11:20 LINK price reached $26.05 with 18% weekly gains, supported by strong technicals and institutional partnerships driving bullish sentiment. Quick Take • LINK currently trading at $24.81 (+1.14% in 24h) • Chainlink’s RSI at 67.07 indicates strong momentum without overbought conditions • Recent 18% surge to $26.05 driven by Intercontinental Exchange partnership and reserve accumulation What’s Driving Chainlink Price Today? The LINK price rally continues to build on last week’s explosive 18% surge that pushed the token to $26.05, making it the top performer among the 50 largest cryptocurrencies. This momentum stems from two key catalysts that have fundamentally strengthened Chainlink’s market position. The most significant driver has been Chainlink’s strategic partnership with Intercontinental Exchange (ICE), announced on August 11th. This collaboration integrates forex and precious metals data into Chainlink Data Streams, representing a major step toward institutional adoption. The partnership validates Chainlink’s oracle technology at the highest levels of traditional finance, providing real-world utility that directly translates to increased demand for LINK tokens. Complementing this institutional validation, the Chainlink Reserve has been actively accumulating tokens, adding 44,109.76 LINK on August 14th alone. This brings total reserve holdings to over 109,661 LINK, demonstrating strong conviction from the protocol’s treasury management. Such accumulation patterns typically signal long-term confidence and help establish price floors during market volatility. LINK Technical Analysis: Strong Bullish Signals Emerge Chainlink technical analysis reveals a compelling bullish setup across multiple timeframes. The LINK RSI currently sits at 67.07, positioning the token in an ideal momentum zone that’s strong but not yet overbought. This level suggests room for additional upside before encountering typical RSI resistance around 70-80. The moving average structure strongly supports continued upside for LINK price action. Trading at $24.81, Chainlink sits well above…
The post Chainlink (LINK) Surges 18% to $26 High as Bullish Momentum Builds appeared on BitcoinEthereumNews.com.
Joerg Hiller Aug 18, 2025 11:20 LINK price reached $26.05 with 18% weekly gains, supported by strong technicals and institutional partnerships driving bullish sentiment. Quick Take • LINK currently trading at $24.81 (+1.14% in 24h) • Chainlink’s RSI at 67.07 indicates strong momentum without overbought conditions • Recent 18% surge to $26.05 driven by Intercontinental Exchange partnership and reserve accumulation What’s Driving Chainlink Price Today? The LINK price rally continues to build on last week’s explosive 18% surge that pushed the token to $26.05, making it the top performer among the 50 largest cryptocurrencies. This momentum stems from two key catalysts that have fundamentally strengthened Chainlink’s market position. The most significant driver has been Chainlink’s strategic partnership with Intercontinental Exchange (ICE), announced on August 11th. This collaboration integrates forex and precious metals data into Chainlink Data Streams, representing a major step toward institutional adoption. The partnership validates Chainlink’s oracle technology at the highest levels of traditional finance, providing real-world utility that directly translates to increased demand for LINK tokens. Complementing this institutional validation, the Chainlink Reserve has been actively accumulating tokens, adding 44,109.76 LINK on August 14th alone. This brings total reserve holdings to over 109,661 LINK, demonstrating strong conviction from the protocol’s treasury management. Such accumulation patterns typically signal long-term confidence and help establish price floors during market volatility. LINK Technical Analysis: Strong Bullish Signals Emerge Chainlink technical analysis reveals a compelling bullish setup across multiple timeframes. The LINK RSI currently sits at 67.07, positioning the token in an ideal momentum zone that’s strong but not yet overbought. This level suggests room for additional upside before encountering typical RSI resistance around 70-80. The moving average structure strongly supports continued upside for LINK price action. Trading at $24.81, Chainlink sits well above…
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