Chainlink Retains 20% Weekly Surge as Altcoin Rally Faces Crucial Reset
The post Chainlink Retains 20% Weekly Surge as Altcoin Rally Faces Crucial Reset appeared on BitcoinEthereumNews.com. Key Insights: Chainlink price gained 20% in recent weeks despite the ongoing selloff most altcoins are experiencing. The technical support around the $20 level has raised hopes for possible rebound soon. Reserve update and rising search interest show growing investor focus on the coin. Chainlink (LINK) price has retained its more than 20% in the past 7 days, standing out in the ongoing altcoin meltdown. Analysts believe the token could survive the current trend, a projection that is backed by steady adoption, an expected reserve update, and growing public interest. Chainlink Price Faces Crucial Reset It is worth mentioning that Chainlink, the eleventh-largest cryptocurrency by market value, traded as high as $23.41 on August 14, 2025. As of writing, the token has fallen and now changing hands for $22.21, down 6.36% in 24 hours. Despite this, it is maintaining a strong gain of 41% over the past month. The rise came as many altcoins moved higher in the earlier session, with traders looking for projects tied to blockchain infrastructure. Meanwhile, market data showed that Chainlink held 84% of the oracle market dominance on Ethereum. It also secured more than $84 billion in value across decentralized finance platforms. Oracles are systems that bring real-world data onto blockchains, with the current figure making Chainlink one of the most used networks in its field. In his recent thread on X, Market analyst Miles Deutscher described LINK as one of the most best large-cap picks in this market cycle. He pointed out that big financial firms such as SWIFT, JPMorgan, and Mastercard had already worked with Chainlink to connect blockchain systems with traditional finance. Chainlink Advocacy | Source: Miles Deutscher This activity showed how the project had become a bridge between different parts of the financial world. Why a Breakout Could Happen On the…
The post Chainlink Retains 20% Weekly Surge as Altcoin Rally Faces Crucial Reset appeared on BitcoinEthereumNews.com.
Key Insights: Chainlink price gained 20% in recent weeks despite the ongoing selloff most altcoins are experiencing. The technical support around the $20 level has raised hopes for possible rebound soon. Reserve update and rising search interest show growing investor focus on the coin. Chainlink (LINK) price has retained its more than 20% in the past 7 days, standing out in the ongoing altcoin meltdown. Analysts believe the token could survive the current trend, a projection that is backed by steady adoption, an expected reserve update, and growing public interest. Chainlink Price Faces Crucial Reset It is worth mentioning that Chainlink, the eleventh-largest cryptocurrency by market value, traded as high as $23.41 on August 14, 2025. As of writing, the token has fallen and now changing hands for $22.21, down 6.36% in 24 hours. Despite this, it is maintaining a strong gain of 41% over the past month. The rise came as many altcoins moved higher in the earlier session, with traders looking for projects tied to blockchain infrastructure. Meanwhile, market data showed that Chainlink held 84% of the oracle market dominance on Ethereum. It also secured more than $84 billion in value across decentralized finance platforms. Oracles are systems that bring real-world data onto blockchains, with the current figure making Chainlink one of the most used networks in its field. In his recent thread on X, Market analyst Miles Deutscher described LINK as one of the most best large-cap picks in this market cycle. He pointed out that big financial firms such as SWIFT, JPMorgan, and Mastercard had already worked with Chainlink to connect blockchain systems with traditional finance. Chainlink Advocacy | Source: Miles Deutscher This activity showed how the project had become a bridge between different parts of the financial world. Why a Breakout Could Happen On the…
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