Chainlink Strategic Reserve Drives LINK Price Bullish Momentum

Chainlink’s native token, LINK, has seen renewed interest following the launch of its Strategic Reserve system, a development that could drive a significant price rally. The reserve, which programmatically channels protocol revenue—both from on-chain and off-chain sources—into LINK, has already accumulated over $1 million in value with no immediate withdrawal plans. This initiative, built on the Payment Abstraction system, allows multi-token conversions and effectively removes circulating supply from the market, thereby reinforcing long-term demand and institutional adoption [1].

Crypto analyst Javon Marks has set a long-term price target of $88.26 for LINK, with an interim goal of $47.15. His analysis is based on a breakout from a multi-year descending resistance trendline, which often signals a shift toward bullish momentum. The weekly chart also shows a Cup and Handle pattern, a historically bullish formation that suggests further upward movement. As long as LINK remains above $20, the next resistance levels are expected around $28 and $52, with a confirmed macro reversal likely if these zones are cleared with strong volume [1].

Current technical indicators for LINK are also favorable. With the price at $19.33, immediate resistance sits at $20, followed by $28 and $52. Support levels are at $16 and $18. A bullish scenario involves a breakout above $28 that could accelerate toward $47.15, potentially reaching $88 in the long term. Conversely, a failure to maintain support above $20 could lead to a pullback toward the $16–$18 range before another attempt to move higher [1].

On-chain metrics reinforce this bullish narrative. Open interest has surged by 23.37% to $1.08 billion, while new addresses grew by 15.95%, active addresses by 17.73%, and zero-balance addresses by 18.79%. These figures indicate robust network expansion and user engagement, suggesting that Chainlink’s ecosystem is attracting both retail and institutional participants [1].

The strategic reserve is not the only catalyst for growth. Chainlink has also expanded its real-world asset (RWA) capabilities, with recent activations of tokenized U.S. equity and ETF data feeds across 37 blockchains. These developments strengthen Chainlink’s position as a bridge between traditional finance and blockchain, with platforms like GMX and Kamino already integrating its services [1].

Technical analyst Ali Martinez has noted that as long as LINK remains above the $13 support level, it could target a rally toward $46. Recent price action, including a breakout above $17.55 and the formation of higher lows, has reinforced bullish momentum. Key indicators such as MACD and ADX show strengthening trends, further supporting the case for an upward trajectory [1].

While the token’s fundamentals and technicals appear aligned for growth, analysts caution that maintaining support above the 200-day EMA, currently around $15.35, will be crucial. Broader market conditions, including macroeconomic updates and Bitcoin’s dominance, will also influence LINK’s performance [1].

Sources:

[1] Invezz – https://invezz.com/news/2025/08/07/link-price-bounces-back-as-chainlink-launches-strategic-token-reserve/