Chainlink LINK Approaches Critical $25.24 Resistance as Supply Tightens

Chainlink (LINK) is approaching a crucial technical juncture as its price nears the $25.24 resistance level, a historical barrier that has previously halted rallies. On-chain metrics show a notable 5.67% decline in exchange reserves since June 20, 2025, indicating reduced selling pressure and potential accumulation by strategic holders. Historical patterns reveal that similar reserve lows preceded significant price surges—including a 115% rally in November 2024 and a 70% jump in February 2025.

The current reserve level of 162.45 million LINK is approaching the yearly low of 161.44 million, a threshold that previously triggered three major bullish cycles. With LINK trading at $24.65, the convergence of tightening supply dynamics and technical resistance creates ideal conditions for a decisive breakout. Market participants are closely monitoring for a clean break above $25.24, which could propel LINK toward the $30+ territory last achieved during its Q4 2024 rally.