Chainlink (LINK) Price Prediction for August 22

The Chainlink price today is holding around $26.10, down -1.0% on the day but still near its recent breakout highs. LINK has surged from the $18 base in early August, reclaiming major resistance zones and approaching the $26–$27 range. The next move depends on whether bulls can maintain momentum above key Fibonacci and liquidity levels.

Chainlink Price Forecast Table: August 22, 2025

What’s Happening With Chainlink’s Price?

The daily chart for Chainlink shows a clear bullish structure, with several Break of Structure (BOS) events and a strong rally from the $16 liquidity zone. The price has now hit a “weak high” near $26, and sellers are starting to fight back. Smart Money Concepts point out that previous liquidity grabs near $20 and $22 both turned into support during the current rally.

LINK is testing the 0.786 Fibonacci retracement level at $26.48 on a weekly basis. If the price closes above this level, it would show that the bulls are in charge and make it possible to reach the $30.94 Fibonacci extension. If it doesn’t work, the price could go back to $23–$24.

Why Is The Chainlink Price Going Up Today?

The price of Chainlink has gone up today because of strong technical and liquidity-driven momentum. LINK is trading inside a rising wedge on the 4-hour chart, and Supertrend signals above $23.50 are supporting it. The Directional Movement Index (DMI) shows that the market is strong, with +DI leading at 30.6 and -DI at 12.6. The ADX is still high, which shows that the trend is strong.

Short-term signals also remain constructive. The 30-minute chart shows price stabilizing above session VWAP at $26.03, with RSI around 56.37 which indicates moderate momentum without being overbought. Bollinger Bands on the daily chart are expanding, with price nearing the upper band around $28.3, suggesting volatility expansion is underway.

Spot inflow/outflow data supports this view. On August 21, netflows registered -4.5 million, showing outflows from exchanges. This aligns with bullish sentiment, as reduced exchange supply often signals holding demand.

Indicators And Market Signals To Watch

The EMA cluster is firmly bullish, with the 20/50/100/200 EMA lines stacked below price between $22.3 and $16.7. This alignment reflects sustained upward structure. Bollinger Bands and VWAP confirm rising volatility, while the Supertrend remains supportive above $23.5.

However, the rising wedge formation on the 4-hour chart warns of potential pullbacks if price fails to break above $27 cleanly. A rejection could send LINK back to $24 or even $22 before the next attempt higher.

LINK Price Prediction: Short-Term Outlook (24H)

In the near term, Chainlink price faces a key decision point. A breakout above $26.50–$27.00 would likely propel LINK toward the $30 mark, where the major weekly downtrend line intersects with the 1.0 Fibonacci zone. Beyond $30, an extension to $34–$43 (Fib 1.618) is possible if momentum accelerates.

On the downside, if LINK fails to hold above $25.50, short-term correction risk rises, with $24.00 and $22.30 as the first supports. A breakdown below $22 would invalidate the bullish wedge and potentially expose the $18.00 zone again.

With exchange outflows supporting demand and indicators still favoring bulls, the bias remains positive, but traders should watch $26.50–$27.00 for a breakout confirmation.