• Chainlink increased by 24.26% during the last month by crossing the resistance of $18–22 and trading at around $24.2.
• Whales amassed 1.1 million LINK tokens worth $27 million as fresh wallets registered 9,600 to fuel network growth.
• Analysts eye $29–$30 resistance, projecting mid-term $33–$38 and long-term targets exceeding $57.

Chainlink (LINK) has gained nearly 24.26% in the past month, smashing its resistance between $18 and $22. Currently, LINK trades near $24.2, its highest in seven months. High trading volumes are validating the breakout above the 200-day moving average to prove bullish strength.

Crypto analyst Crypto Storm highlighted Chainlink’s technical strength. The token is forming a Cup and Handle pattern on the weekly chart, which frequently leads to massive bull changes.

Currently, LINK is faced with neckline resistance, but the larger structure remains bullish. If price confirms a breakout above this line, experts believe that the token will provide 5x–6x returns. Such a move will be similar to LINK’s previous sudden, explosive gains once similar patterns are filled.

The post further highlighted the optimal accumulation range between $18 and $22. Investors who positioned early may enjoy strong upside when momentum accelerates.

Whale Accumulation Boosts Chainlink Rally

On-chain data shows whales were behind fueling gains. Whales bought around 1.1 million LINK, or approximately $27 million worth of LINK, last week. The Top 100 addresses increased holdings by over 12% to show increasing demand from institutional investors and high-net-worth individuals.

Beyond whale interest, wallet creation has surged notably. According to analytics firm Santiment, close to 9,600 new wallets were launched in mid-August. Active addresses’ daily transfers spiked higher than 9,800 transactions as well. Both indicators registered new 2025 highs, which showcase rising retail interest with institutional buying within the Chainlink network.

Wallet and transaction growth are signs of growing organic adoption. Growing activity fortifies the argument for sustainable expansion rather than speculative buying. For Chainlink, this means healthy demand at several tiers of the market. Such adoption is a signal that smaller investors as well as larger funds are positive about long-term prospects.

Also Read: Chainlink Records 9,625 New Wallets as LINK Price Targets $30 Breakout

Real-World Assets and $30 Resistance in Sight

Chainlink’s increased real-world asset (RWA) integrations give cause for optimism. Lending new depth to its coverage of traditional finance are new ETF and equities data feeds. Collaborations with Intercontinental Exchange and SWIFT give further credence to LINK as an institutionally relevant bridge between legacy infrastructure and blockchain-based solutions internationally.

Analysts look to $29–$30 as the next key resistance level. Another pullback to around $20 is possible if sentiment declines, but many believe momentum will hold. Optimistic expectations target mid-term ranges at about $33–$38. Long-range projections look well beyond $57, with acceleration of adoption and enterprise integration.

Also Read: Cold Wallet Leads With $6.2M Presale While ChainLink and Ethereum Strengthen Long-Term Outlook