Chainlink’s native token LINK is trading around $24.58, up more than 10% over the past week, as investors weigh enterprise adoption gains against risks tied to whale concentration and short-term technical signals.
Michaël van de Poppe, a well-followed crypto analyst, said the long-term downtrend for LINK has shifted into an upward trajectory. He argued that the launch of the Chainlink Treasury strengthens the asset’s position, making it one of the strongest in the market.
Enterprise Adoption Momentum
Chainlink’s August 2025 partnerships with Visa, Intercontinental Exchange (ICE), and Fidelity are reinforcing its role as a bridge between traditional finance and decentralized infrastructure.
- Visa is using Chainlink for cross-border stablecoin settlements.
- ICE, parent of the New York Stock Exchange, integrated its FX and precious metals data on-chain.
- Fidelity began publishing tokenized fund NAVs via Chainlink’s network.
These integrations create recurring demand for LINK tokens, especially as the Chainlink Reserve executes monthly buybacks of roughly $2.8 million from protocol fees. With ICE alone handling $3.4 billion in daily gold trades, even partial tokenization could significantly expand oracle usage.
Whale-Driven Volatility
At the same time, Chainlink’s supply dynamics remain highly whale-driven. Large holders added nearly 9 million LINK ($219M) between July and August while exchange reserves dropped 40%. This reduces liquid supply and can intensify upward moves, but it also heightens correction risks.
Technical indicators highlight the tension. The Relative Strength Index (RSI) hit overbought levels above 75 before cooling to the mid-40s, while MACD momentum has turned neutral. Analysts note a potential correction toward $20.50 (the 0.382 Fibonacci retracement) if whale accumulation slows.
Regulatory Recognition
Regulators are also beginning to acknowledge Chainlink’s systemic role. The GENIUS Act recognized oracle services as critical infrastructure, while the SEC’s Crypto Task Force included Chainlink in its July 2025 initiatives. Chainlink’s Automated Compliance Engine (ACE) is already integrated with 68% of regulated stablecoins, positioning LINK as a core compliance tool for tokenized assets.
The White House digital asset framework released in August explicitly endorsed Chainlink’s architecture, boosting confidence in its regulatory moat.
Outlook
Chainlink’s price structure is leaning bullish thanks to enterprise traction and policy support, but its near-term outlook remains vulnerable to whale-led corrections. The $26.68 swing high from August 19 serves as immediate resistance. A weekly close above that level could open a path toward $33–$37 in the coming months.
The key question now is whether ICE’s forex data volumes surpass $500 million in daily tokenized flows this quarter, providing the first real test of Chainlink’s institutional adoption at scale.
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Alex is an experienced financial journalist and cryptocurrency enthusiast. With over 8 years of experience covering the crypto, blockchain, and fintech industries, he is well-versed in the complex and ever-evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His approach allows him to break down complex ideas into accessible and in-depth content. Follow his publications to stay up to date with the most important trends and topics.
Source: https://coindoo.com/market/chainlink-price-outlook-can-link-smash-through-30-next/