3 Minutes
Chainlink momentum builds as LINK nears a $30 price target
Chainlink's native token, LINK, is pushing toward a new yearly high after recent buying pressure and broader adoption of its oracle network. Trading around $26 at the latest check, LINK has climbed more than 120% from its low this year, reflecting renewed market confidence in Chainlink's role in decentralized finance and real-world asset tokenization.
On-chain reserves and TVS point to growing economic runway
LINK reserves strategy
Chainlink recently activated a LINK reserves feature that routes on-chain and enterprise fees into a dedicated reserve pool. According to Chainlink's public data, the reserves now hold 109,663 LINK. At current prices, that stash is worth over $2.7 million and has an average cost basis near $19.65, indicating the reserve strategy is already accretive.
Total Value Secured (TVS) expansion
Chainlink's Total Value Secured has also continued to expand, surpassing $93 billion. The bulk of that TVS remains concentrated on Ethereum, underscoring the protocol's central role as a price and data oracle for major DeFi projects and cross-chain applications.
Strategic partnerships and real-world adoption
ICE collaboration highlights enterprise traction
Chainlink has been signing strategic partnerships with large enterprises, most notably a recent deal with Intercontinental Exchange (ICE), the parent company of the New York Stock Exchange. ICE will leverage Chainlink's technology to power forex and metals trading, a clear signal that Chainlink's oracles and cross-chain interoperability protocol are being tapped for real-world asset tokenization and institutional workflows.
Strong demand: futures, whales, and liquidity
Open interest and whale accumulation
Market demand for LINK remains robust. Futures open interest has climbed to a record high near $1.5 billion, up substantially from the year-to-date low of $421 million. Large holders have been accumulating aggressively — whale addresses now control roughly 5.61 million LINK, a 68% increase month-over-month. Significant whale buying often acts as a bullish catalyst, signaling conviction among investors with substantial capital.
Technical outlook: bullish patterns point to $30
Chart structure and indicators
On the daily chart, LINK completed a double-bottom at $10.97, marking the end of a prior decline and the start of a new impulse sequence. Price action has progressed into what traders may interpret as the third, more bullish phase of an Elliott Wave pattern. A recent golden cross — the 50-day moving average crossing above the 200-day moving average — provides additional trend confirmation. Momentum indicators such as the RSI and MACD are trending higher as bulls target the key resistance at $27.18, a level not seen since January. Clearing that resistance would open the path to the round-number psychological target at $30.
While technicals and on-chain metrics paint a constructive picture for Chainlink, traders should weigh macro conditions, liquidity dynamics, and execution risk before building positions. LINK's combination of enterprise adoption, growing reserves, and concentrated whale interest keeps it in focus for crypto investors watching oracle infrastructure and DeFi primitives.
Comments