Chainlink (LINK) has seen robust upward momentum recently, gaining roughly 6% in the past 24 hours and about 32% over the last week, signaling renewed bullish interest . A major catalyst: the launch of the Chainlink Reserve on August 7, which has already acquired over $1 million worth of LINK, tightening supply and boosting deflationary sentiment . Meanwhile, whales added some 8.1 million LINK (over $150 million) in the past fortnight, underscoring institutional confidence . On the technical front, a recent breakout above key resistance combined with rising momentum indicators has analysts eyeing targets ranging from $23 up to $26-$31, and even speculative projections as high as $98 if bullish setups hold .

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