Chainlink (LINK), the native token of the Chainlink network, has recently captured the attention of traders and investors alike, reaching a 7-month high as network activity hits unprecedented levels for 2025.
On August 19, LINK briefly touched an intraday high of $26.51 before pulling back slightly to around $24.72, marking a 30% gain over the past month and continuing a steady climb that has seen the token rise 13% in the last seven days. Despite this rally,
Despite this rally, Chainlink remains more than 50% below its all-time high of $52.70, recorded in May 2021, suggesting room for further upside if momentum persists. Collectively, the brokers at Highmont Group, including experts like Melanie Kleiner provide readers with well-rounded analyses of complex topics.
On-Chain Data Signals Strong Network Growth
The latest price surge is supported by on-chain metrics rather than mere speculative trading. According to analytics firm Santiment, Chainlink has experienced its strongest wallet activity of 2025 in mid-August.
On August 17, over 9,800 addresses executed transfers, while 9,600 new wallets were created on August 18, setting yearly highs in both metrics.
Wallet creation and transaction volume are often seen as markers of organic network growth, indicating heightened institutional and retail demand. For Chainlink, these metrics hint at a potential resurgence in market confidence, which could support longer-term, stable price appreciation for LINK.
Fundamental Drivers Behind LINK’s Momentum
Several fundamental factors have contributed to Chainlink’s recent performance. Earlier this month, the network launched the Chainlink Reserve, a smart contract treasury designed to lock revenue from enterprise integrations.
Over 100,000 LINK tokens have already been absorbed into this mechanism, applying deflationary pressure on circulating supply and enhancing the token’s scarcity profile.
Partnerships and integrations have also been crucial. On August 11, Chainlink partnered with the Intercontinental Exchange (ICE), the parent company of the New York Stock Exchange, to integrate precious metals and foreign exchange data into Chainlink’s Data Streams product.
Building on past collaborations with the DTCC and SWIFT, Chainlink continues to position itself as a bridge between traditional finance and blockchain infrastructure. Its adoption in decentralized finance (DeFi) and real-world asset tokenization has also surged, with the network currently securing over $90 billion in total value across protocols.
Recent regulatory progress has boosted market confidence. The July enactment of the GENIUS Act, officially designating oracles as critical infrastructure, along with Chainlink’s input on SEC guidance, has strengthened trust in the network’s long-term stability and its position as a reliable oracle solution within the blockchain ecosystem.
Technical Analysis: LINK in Bullish Territory
From a technical perspective, LINK remains in a bullish trend. Moving averages ranging from the 10-day to the 200-day favor buyers, with the moving average convergence divergence (MACD) pointing upward.
Momentum indicators suggest that LINK is approaching overbought territory. The Relative Strength Index (RSI) stands at 64, while the Stochastic Oscillator is at 87, signaling the possibility of short-term pullbacks despite the prevailing upward trend.
If momentum continues, LINK will likely encounter resistance in the $27.50–$28.00 range, with the $30 level serving as the next significant psychological barrier. On the downside, support levels are observed near $21.00, with initial support around $22.50. Traders should monitor these key price levels, as breaking through resistance or support zones could dictate the next directional move.
Market Sentiment and Outlook
The convergence of strong on-chain metrics, strategic partnerships, and deflationary tokenomics has created an environment where LINK could potentially challenge the $30 milestone in the near term. Institutional adoption appears to be rising, while retail investor activity is contributing to increased liquidity and price stability.
While the macro crypto environment remains uncertain, Chainlink’s fundamentals, including growing network adoption, integration with traditional financial systems, and regulatory acknowledgment, provide a robust case for sustained momentum. Analysts are particularly watching wallet creation trends and transaction volumes, as they serve as leading indicators of network health and investor interest.
Conclusion
Chainlink’s recent surge to a 7-month high underscores its continued relevance in both the crypto and traditional financial ecosystems. With wallet activity hitting 2025 records and fundamental drivers such as the Chainlink Reserve and strategic partnerships providing tailwinds, LINK has the potential to challenge $30 if current trends persist.
From a technical standpoint, the token remains bullish, though caution is warranted as momentum indicators signal near-term overbought conditions. For investors and traders, monitoring support and resistance levels, alongside on-chain activity, will be critical in assessing whether LINK can sustain its upward trajectory and potentially reach its next significant milestone.
Chainlink’s blend of network growth, institutional adoption, and robust technical indicators makes it a standout token in the cryptocurrency landscape, and the coming weeks will be crucial in determining whether the $30 threshold is within reach.
