Chainlink LINK Enters Bullish Phase as Treasury and Reserve Initiatives Strengthen Outlook

Chainlink ($LINK) has reversed its prolonged downtrend, emerging as one of the top-performing assets in the crypto market. Trading at $24.3, the token shows strong technical indicators, with a daily RSI of 64 signaling sustained momentum without overbought conditions. Key support levels are holding at $20 on daily charts and $23.8 on 4-hour frames.

The bullish shift follows the launch of chainlink Treasury and Chainlink Reserve—an on-chain treasury designed to accumulate $LINK tokens using off-chain profits. This strategic move aims to fortify the network's long-term economic sustainability. Market analyst Michaël van de Poppe notes the initiative has transformed $LINK into one of the strongest assets in the space, with the Reserve already accumulating tokens under a two-year lockup period.