Chainlink (LINK) is riding a wave of bullish sentiment after a series of positive developments, with its price climbing to $19.33 – up 11% in the past 24 hours.
The surge comes amid growing network activity, a breakout from key resistance levels, and the launch of a Strategic Reserve designed to strengthen long-term demand.
Analyst Targets $88 in Long-Term Outlook
Crypto analyst Javon Marks has identified a potential long-term price target of $88.26 for LINK, projecting an interim move to $47.15. His analysis points to a breakout from a multi-year descending resistance trendline – a structural shift that often signals sustained bullish momentum.
Next targets for $LINK (ChainLink) are at:
$47.154
$88.264 https://t.co/r0ZUPoadOD pic.twitter.com/Bcqy0BogTl— JAVON⚡️MARKS (@JavonTM1) August 7, 2025
The weekly chart also reveals a Cup and Handle pattern, a historically bullish setup that suggests further upside. As long as LINK maintains support above $20, the next resistance levels are expected around $28 and $52, with a macro reversal confirmed if these zones are cleared with strong volume.
Chainlink Strategic Reserve Sparks Institutional Interest
A major catalyst for the rally is Chainlink’s newly launched Strategic Reserve, which already holds over $1 million worth of LINK. Built on the Payment Abstraction system, the reserve enables multi-token conversions and effectively removes circulating supply from the market.
This initiative not only reinforces Chainlink’s long-term institutional narrative but also aligns with on-chain metrics that show increasing demand:
- Open interest surged 23.37% to $1.08 billion.
- New addresses grew by 15.95%.
- Active addresses rose by 17.73%.
- Zero-balance addresses increased by 18.79%.
These metrics point to healthy network expansion and rising user engagement.
Technical Outlook for LINK
- Current Price: $19.33
- Immediate Resistance: $20, followed by $28 and $52
- Support Levels: $16 and $18
- Bullish Scenario: Breakout above $28 could accelerate towards $47.15, then potentially $88 in the long term.
- Bearish Scenario: Failure to hold above $20 could see a pullback to the $16–$18 support zone before another attempt higher.
The Road Ahead
With technical patterns aligning with strong fundamentals, Chainlink appears well-positioned for continued growth. The combination of a confirmed breakout, bullish weekly structure, surging open interest, and the Strategic Reserve initiative strengthens the case for a sustained rally.
If market momentum holds and broader crypto sentiment remains positive, LINK could be on track for significant gains over the coming months – with the ambitious $88 target still on the table.
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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-prediction-strategic-reserve-could-drive-massive-rally/