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Chainlink Price Prediction: Bullish Indicators Hint at Big Move Beyond $20
Chainlink Price– Chainlink (LINK) is turning heads this week with a powerful rally. As of press time, LINK is trading at $18.89, up 13% in 24 hours, pushing its 30-day gains to 36%. With price action between $15.48 and $19.16 over the past week, the momentum appears far from over.
300% Surge in Volume Signals Big Moves Ahead
Trading volume has exploded by 300%, hitting $1.37 billion in spot markets. On the derivatives side, open interest climbed 24.7%, while futures volume rocketed 252% to $2.63 billion, according to Coinglass.
This isn’t just noise — these metrics suggest traders are positioning for significant volatility, not just closing bets.
Whales Accumulate as Chainlink Powers Real-World Use Cases
According to Santiment, wallets holding between 100K–1M LINK added 0.67% of the total supply in August alone. This comes on the heels of major developments:
- Aug. 4: Launch of Data Streams for U.S. stocks and ETFs, enabling tokenized real-world assets to access real-time financial data.
- Aug. 7: Launch of the Chainlink Reserve and a successful trial in Brazil’s Drex CBDC pilot, linking central banks with Chainlink’s Cross-Chain Interoperability Protocol.
Technicals Point to $20+
All major moving averages — from 10-day to 200-day — are flashing buy signals. With an RSI of 61, LINK still has room to run before hitting overbought levels. Key resistance lies at $20.50–$21, while strong support sits between $17.20–$17.50.
If the bulls keep control, a breakout above $19.16 could open the floodgates.
