Absolutely Essential Details (If you fancy being in the know):
- Chainlink’s beloved LINK token pirouetted 8.3% higher to a saucy $26-leaving bitcoin and ether in the dust, choking on its blockchain fumes. 🏎️💨
- Apparently, the Chainlink Reserve has been on a shopping spree, hoarding $2.8 million in LINK tokens over a fortnight-somewhere, a spreadsheet is popping Champagne.🍾📈
- LINK muscled through resistance and flexed some new support around $23.50-$23.60, looking smug and annoyingly resilient.
If Chainlink’s LINK were a person, it’d be that one friend who shows up late to the party, dramatically announces their arrival, and immediately hogs all the attention. While the rest of the cryptos nursed their hangovers, LINK twirled on Wednesday, completely erasing Tuesday’s misfortunes and climbing an eyebrow-raising 8.3%. Even bitcoin and ether, usually holding court, managed a feeble collective shrug-0.5% and 4% respectively. Must try harder, chaps.
The grand spectre of the CoinDesk 20 Index barely managed a 1.5% rise, proving, yet again, that LINK is more leading lady than ensemble cast. Maybe it’s the irresistible appeal of Chainlink’s grown-up business attitude-connecting regular old markets with the wild west of blockchains-all while institutional heavyweights are suddenly paying attention. “Blockchain rails” apparently makes them giddy. 🚂💸
Sergey Nazarov (the co-founder, or Chainlink’s Dumbledore, depending who you ask) was spotted hobnobbing this Tuesday with Senator Tim Scott after a session of “Staring Intently At Legislation,” aka pushing the market structure bill. Sergey’s chat apparently made enough waves for him to gush all over X (yes, that’s still Twitter), promising “rapid growth” and “fewer limitations.” At least one person, somewhere, swooned. 🥴
And just when you thought LINK couldn’t get any more attention-seeking, the Chainlink Reserve is now channeling protocol profits straight into its own tokens. It’s like a company buyback, except with more drama and fewer suits. 109,664 tokens snatched up in a mere fortnight, to the glee of every Chainlink stan who checks prices compulsively.
Technical Analysis (or “Pretending to Read Market Tea Leaves”)
Apparently LINK decided consolidation is for the weak. With much volume and the drama of breaking not one but two resistance zones, LINK soared 8.3% in a day-$23.96 to a sassy $25.93. Strong support is now camped out in the $23.50-$23.60 neighborhood, which means the bears are officially unwelcome. Resistance at $24.50 and $25.20? Demolished. Take that, market gravity. 🏋️
- 8.3% price leap in 24 hours, from $23.96 to $25.93; somewhere, traders are having existential crises.
- Support’s cozy at $23.50-$23.60, like Bridget Jones in her pajamas with carbs.
- Key resistance? Smashed at $24.50 and $25.20-LINK is basically the crypto version of a mic drop.
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2025-08-20 21:18