Chainlink Price Surges 6.34% on Whale Buying and Bullish Breakouts

Generated by AI AgentCoin World
Sunday, Aug 17, 2025 7:57 am ET1min read
LINK
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Aime RobotAime Summary

- Chainlink (LINK) surged 6.34% to $23 on August 16, 2025, breaking above $20 after sustained bullish momentum.

- Whale transactions hit a seven-month high, with $22.21 support and $25.55 resistance critical for near-term direction.

- Chainlink’s offchain revenue model generates built-in demand via enterprise adoption, stabilizing LINK’s long-term value.

- Price forecasts range from $19.08 to $45.08 by month-end, with $22-$25 levels pivotal for confirming bullish or bearish trends.

Chainlink (LINK) is showing renewed strength in the market, with its price climbing above $23 as of August 16, 2025, marking a 6.34% gain for the day and a 15% increase from the previous day’s $21.56 [1]. This rally has continued a broader upward trend that pushed the price beyond the $20 psychological threshold in early August, signaling a significant breakout from earlier consolidation [1].

Whale activity has emerged as a key indicator influencing the near-term trajectory of

LINK
. On August 16, whale transactions hit a seven-month high, with analysts noting that as long as the $22.21 support level holds, the price could potentially move toward $25.55 [2]. However, the risk of a breakdown remains, with some experts warning that a fall below the $19.50 level could drag the price back into the mid-teens [3].

The

Chainlink
Reserve and Payment Abstraction have further bolstered the token's fundamentals by creating a built-in demand engine that ties enterprise adoption directly to LINK accumulation. Unlike traditional blockchain networks that rely on transaction fees, Chainlink’s infrastructure now generates revenue through offchain services, which are automatically converted into LINK. This mechanism not only supports long-term demand but also positions LINK as a stabilizing force in the market [1].

Looking ahead, price forecasts vary, with some analysts projecting a maximum price of $45.08 by the end of the month, with an average of $44.79 [4]. Another forecast suggests a more moderate range of $24 to $26 within 30 days, contingent on breaking through key resistance levels [5]. Changelly’s analysis, however, predicts a lower peak of $19.08 in August 2025, with an average price of $22.84 [6]. Whale accumulation, particularly after the token briefly reached $24.74 in early August, has added to the bullish sentiment [7].

If the current momentum holds and key support levels remain intact, LINK could see a renewed push toward the upper end of the projected ranges. However, given the volatility and mixed forecasts, traders are advised to closely monitor both the $22 and $25 resistance levels for potential breakouts or reversals [1].

Source:

[1] How High Can Chainlink Price Go This Month? (https://cryptoticker.io/en/how-high-can-chainlink-price-go-this-month/)

[2] Will LINK Price Bounce Back As Whales Return? (https://beincrypto.com/link-price-eyes-new-gains-as-whales-buy/)

[3] Chainlink Whale Activity Peaks — Can LINK Price Hold $22? (https://thecurrencyanalytics.com/altcoins/chainlink-whale-activity-peaks-can-link-price-hold-22-190881)

[4] CHAINLINK PRICE PREDICTION TOMORROW, WEEK (https://30rates.com/chainlink)

[5] LINK Price Prediction: $24-26 Target in 30 Days Despite ... (https://blockchain.news/news/20250816-price-prediction-target-link-24-26-in-30-days-despite)

[6] Chainlink (LINK) Price Prediction 2025 2026 2027 - 2030 (https://changelly.com/blog/chainlink-link-price-prediction/)

[7] Chainlink Accumulation by Whales Signals Potential Breakout ... (https://www.cointribune.com/en/chainlink-accumulation-by-whales-signals-potential-breakout-amid-growing-network-activity/)