Chainlink Skyrockets 14% in 24 Hours After Reserve Announcement – $25 Target In Sight?
Chainlink just pulled off a stunner—jumping 14% in a single day after its reserve news hit the wires. Traders are now eyeing that $25 mark like it’s the last lifeboat off the Titanic.
What’s fueling the surge? The market’s betting big on Chainlink’s latest move, but let’s be real—crypto pumps love a good narrative almost as much as Wall Street loves bailouts.
Will the rally hold? If the bulls keep charging, $25 isn’t just possible—it’s the next psychological battleground. Buckle up.
Source: CoinGecko
Chainlink Rallies Amid Reserve Announcement
LINK’s latest upswing comes amid the project announcing the launch of the chainlink Reserve. The reserve is designed to support long-term growth and sustainability of the Chainlink Network. The reserve will accumulate LINK tokens using off-chain revenue from large enterprises. The early stage of the reserve has already accumulated over $1 million worth of LINK. The team does not anticipate any withdrawals from the reserve over several years.
We're excited to announce the launch of the Chainlink Reserve, a new upgrade centered on the creation of a strategic onchain reserve of LINK tokens.https://t.co/ENs52Qjnn2
The Chainlink Reserve is designed to support the long-term growth and sustainability of the Chainlink… pic.twitter.com/vUElyovvYs
Will the Asset Hit $25 Next?
Chainlink (LINK) rallies as the global trade front is at a loss. The cryptocurrency market is experiencing a rebound despite economic uncertainty. The rally could be due to President Trump allowing retirement funds to accept crypto.
Trump has also placed a key aide, Stephen Miran, on the Federal Reserve Board of Governors. Many anticipate the move as a way for TRUMP to push for an interest rate cut at the earliest. A rate cut could lead to investors taking on more risks as borrowing becomes easier.
If the market rally continues, LINK could breach the $25 mark over the coming weeks. A rate cut could lead to a prolonged market rally. However, economic uncertainties and the ongoing trade wars may present substantial barriers.
According to CoinCodex Chainlink data, LINK will breach the $10 mark in late October of this year. The platform anticipates LINK to trade at $25.11 on Oct. 31.
Hitting $25.11 from current price levels will entail a rally of about 33.42%.
