Bitcoin News Today: Chainlink Price Hovers Near $25 Amid Whale Activity and 15% Daily Gains

Chainlink’s order book has emerged as a focal point for market activity around the $25 level, with whales and institutional participants locking horns in what analysts describe as a high-stakes standoff. Whale activity has intensified at this crucial price level, suggesting that a significant price movement could be imminent. This concentration of orders indicates that both bulls and bears are positioning themselves for potential breakouts or breakdowns, with $25 serving as a psychological threshold that could shape the immediate price trajectory [1].

The battle for $25 has been accompanied by elevated volatility and strategic market maneuvers. Large holders have been accumulating LINK at this level, while resistance appears to be forming due to a combination of whale participation and broader market dynamics. Despite a recent pullback from a high of $24.74 on August 13, the price has stabilized near $24.70, with market observers noting a 15% rebound from the previous day’s close of $21.56 [2]. However, some analysts have flagged a negative RSI divergence, suggesting caution around further bullish momentum [3].

The situation is also influenced by whale behavior and cross-market correlations. As a key player in the decentralized finance (DeFi) space, Chainlink’s price movements have been closely watched by traders of major assets like Bitcoin and Ethereum. The market is particularly interested in whether a breakout above $25 will materialize, with some technical analysts predicting that a strong close above this level could propel the price toward $35 [4]. This expectation is supported by Chainlink’s expanding role in data infrastructure, including recent developments such as ICE’s integration of FX and metals pricing into Chainlink’s data streams [4].

From a longer-term perspective, Chainlink remains a key asset to monitor in 2025. Its on-chain utility, particularly in linking smart contracts to real-world data through decentralized oracle networks, has been a significant driver of its value proposition. Analysts like Michaël van de Poppe have suggested that LINK is undervalued and that $18–$20 could be prime entry points for investors [1]. Additionally, Binance Research has highlighted whale accumulation and a token buyback program as positive catalysts, with a notable target set at $31.29 should $22.69 be broken [3].

As the order book continues to fill at key levels, the market is watching for signs of institutional accumulation or distribution. A strong bid near $24.70 could indicate that large players are preparing for a potential upward move, while a breakdown below this level may trigger short-term selling pressure. Nevertheless, many analysts view such a drop as a temporary pause rather than a reversal of the broader bullish trend [2].

Chainlink’s ability to maintain strong technical fundamentals and deliver on its utility in blockchain innovation will remain critical in the coming weeks. With the $25 level now under close scrutiny, the next few trading sessions could provide clarity on whether the asset is poised for a more aggressive upward trajectory or will require further consolidation before the next major move.

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Sources:

[1] title: Chainlink Price, LINK Price, Live Charts, and Marketcap, (https://www.coinbase.com/price/chainlink)

[2] title: BTC, ETH, XRP, BNB, SOL, DOGE, ADA, LINK, HYPE, XLM, (https://cointelegraph.com/news/price-predictions-8-15-btc-eth-xrp-bnb-sol-doge-ada-link-hype-xlm)

[3] title: Chainlink Aims $35, Stellar Recovers, BlockDAG Builds ..., (https://crypto-economy.com/blockdag-academy-blends-learning-earning-while-chainlink-aims-for-35-stellar-rises-1-59/)

[4] title: ICE Pipes FX Into Chainlink Data Streams, (http://www.msn.com/en-in/news/techandscience/ice-pipes-fx-into-chainlink-data-streams/ar-AA1KjUIV?apiversion=v2&batchservertelemetry=1&domshim=1&noservercache=1&noservertelemetry=1&renderwebcomponents=1&wcseo=1)