Chainlink’s LINK Jumps 18% as Analysts Cite Undervaluation and Strong Fundamentals

Chainlink's LINK token surged 18% to $26.05, outperforming other top 50 cryptocurrencies, as analysts highlighted its undervaluation despite its pivotal role in decentralized finance infrastructure. Trading volume spiked 66%, with the token breaking key resistance at $24.50.

Technical analyst Altcoin Sherpa identified $30 as the next major resistance level, warning against late-entry FOMO. Meanwhile, Zach Humphries emphasized LINK's fundamental utility as the backbone for cross-chain services and oracle price feeds—positioning it as a Web3 infrastructure play rather than speculative hype.

Recent catalysts include Chainlink's August 7 launch of an on-chain treasury reserve for smart contracts and a data partnership with Intercontinental Exchange (ICE), boosting institutional credibility. Market watchers now monitor whether LINK can maintain momentum as DeFi activity shows signs of revival.