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Chainlink Surges: 9,625 New Wallets Signal Massive $30 LINK Breakout Imminent

Chainlink Surges: 9,625 New Wallets Signal Massive $30 LINK Breakout Imminent

Author:
Tronweekly
Published:
2025-08-19 15:30:00
17
3

Network expansion hits warp speed as Chainlink adds nearly 10,000 fresh addresses in single surge.

Demand Shockwave

Whale accumulation patterns mirror early 2021 bull run signals—back when traditional finance folks still thought NFTs were baseball cards.

Price Engine Ignition

On-chain metrics flash green across every timeframe. Trading volume spikes 300% as derivatives markets pile into CALL options at strike prices Wall Street analysts called 'impossible' just last quarter.

Oracle Dominance

Real-world asset tokenization pipelines now drive 60% of network usage. Institutional adoption isn't coming—it's already here while hedge funds still debate whether to allow jeans on Casual Friday.

Liquidity Tsunami

Staking queues overflow as holders lock tokens seeking yield. Smart money positions for paradigm shift where legacy data providers become expensive nostalgia.

chainlink

  • Chainlink’s on-chain activity reached its highest 2025 levels, with a record of more than 9,600 new wallets in a single day.
  • Despite a minor weekly decline, LINK trades substantially higher than major moving averages, supporting strong upward momentum.
  • Resisting at $26–27 poses a problem, but the fundamentals indicate possible future gains in excess of $30.

Chainlink has re-emerged as one of the most active altcoins in 2025, on the back of a combination of technical prowess and explosive network usage.

Santiment data pointed out that LINK even touched above $26 for the first time in seven months. Although the same has come down a bit and is currently at $24.68, which is a 3.81% downfall on a weekly basis, on-chain activity has proven even more notable.

Over the week, on Sunday, over 9,800 distinct chainlink addresses carried out transactions, and Monday saw 9,625 new wallets created. Both reached record highs during the year, highlighting increased investor engagement.

image 565

Source: Santiment

Such achievements hint at the LINK ecosystem building growth at a higher rate compared to most of its peers, providing the token with enough vigor to keep the gains intact.

Chainlink Holds Strong as Buyers Defend $20 Support

From a chart perspective, LINK is in a very strong uptrend. The token remains higher than its 20, 50, 100, and 200-day exponential moving averages, a configuration frequently seen during strong market phases.

Technical levels remain bullish, even if resistance has proven stubborn around $26-27. Being unable to retreat below $20 support shows determination on the part of buyers not to give in even during temporary rejections.

This bullish formation is reaffirmed by indicators. The Relative Strength Index is around 64, indicating intense purchasing pressure but not quite in the overbought range. Bollinger Bands position the top line around $26.7, which is where LINK is currently challenging, and it implies demand is strong.

LINKUSD 2025 08 19 04 38 37

Source: Tradingview

On the other hand, the MACD momentum indicator presents widening green histogram bars, indicating building upward acceleration. Important levels of support are $20 and $17.8, whereas resistance levels above $30 may open a gate towards $35–40.

Fundamentals Support Long-Term Growth

Aside from the charts, fundamentals give strength to the bull case. Chainlink’s Cross-Chain Interoperability Protocol (CCIP) is gaining popularity as institutions and DeFi platforms implement it in order to facilitate smooth blockchain communication.

Meanwhile, the tokenized real-world assets market, which has crossed $24 billion by mid-2025, reflects the need Chainlink’s oracle service has seen to authenticate off-chain data.

The protocol remains the center of decentralized finance, with price feeds incorporated on Aave, Compound, and other top platforms. Integrations with legacy systems like Swift and DTCC further solidify its position as a bridge between blockchain and finance.

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