๐ Current Price & Momentum
Price: ~$21.97 (as of August 11 2025)
24h Move: +5.6%
Intraday Range: $21.18 โ $22.59
Trend: Strong bullish momentum following multi-month accumulation.
๐ฅ Whale Accumulation
Large holders (100kโ1M LINK) added 4.53M LINK in 30 days (~$97M).
Over the past 2 weeks, whales bought 8.1M LINK (~$150M).
Exchange balances dropped 33M LINK, reducing sell pressure.
๐ฐ Strategic Token Reserve
Chainlink launched a LINK Reserve, now holding ~$1M in tokens.
Funded by on-chain + enterprise revenue; no withdrawals planned for years.
Creates a deflationary effect by permanently reducing circulating supply.
๐ Technical Setup
Broke out of a multi-year symmetric triangle pattern.
Elliott Wave analysis targets ~$25.5 in the short term.
Fibonacci extensions hint at $31.8 โ $52 โ $86+ if momentum sustains.
๐ฏ Price Levels to Watch
Term Key Levels
Short-term $24 breakout zone
Mid-term $25.5 โ $31.8 targets
Long-term $52 โ $86+ possible