ChainLink (LINK) Surges 11% Amid Whale Accumulation and Institutional Interest
On August 9, 2025, ChainLink (LINK) experienced a significant price surge, climbing 11% to reach $21.00. This rally was largely driven by the launch of the Chainlink Reserve, which has inspired accumulation among investors and whales alike.
Whales increased their holdings by 0.67% of the total LINK supply during August, with over $1 million worth of LINK added to large wallets. This trend underscores growing confidence among big players, further amplified by strong institutional interest, attracted by enhanced tokenomics.
Technical analysis supports the bullish outlook for LINK. The Relative Strength Index (RSI) is at 69.34, indicating robust momentum without entering overbought territory. Additionally, the Moving Average Convergence Divergence (MACD) shows a bullish configuration, with the main line well above the signal line.
From a price perspective, immediate support sits at $15.43, aligned with the 50-day moving average. Resistance is currently at $21.09, with potential to break toward $24.00.
Investors with a higher risk appetite may find this an opportune moment to enter or increase positions, given the appealing risk-reward setup. Conversely, conservative investors are advised to employ dollar-cost averaging strategies during price pullbacks to mitigate volatility risk.
For those looking to invest in ChainLink or explore other cryptocurrencies, platforms like Bitlet.app offer innovative services such as Crypto Installments. Bitlet.app’s Crypto Installment service allows investors to buy cryptos now and pay monthly, making it more accessible for users who prefer spreading their investments rather than paying the full amount upfront.
Stay informed and consider strategies that fit your investment style while keeping an eye on emerging market trends.