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Event PeriodAugust 12, 2025, 04:00 โ August 17, 2025, 16:00 UTC
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1.Publish original content on Gate Square related to PROVE or the above activities (minimum 100 words; any format: analysis, tutorial, creativ
๐๐ต๐ฎ๐ถ๐ป๐น๐ถ๐ป๐ธ โ ๐๐ ๐ง๐ต๐ถ๐ ๐๐ต๐ฒ ๐ฆ๐๐ฎ๐ฟ๐ ๐ผ๐ณ ๐ฎ ๐ ๐ฎ๐ท๐ผ๐ฟ ๐ฅ๐ฎ๐น๐น๐? ๐๐๐๐ฅ๐ฅ $LINK
Chainlink (LINK) is showing strong bullish momentum, sparking speculation that this could be the beginning of a larger rally. Here are the key factors behind todayโs price action:
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1. Whale Accumulation & Institutional Backing
LINK jumped 5.49% to $23.56 on August 13, 2025, fueled by a surge in whale activity and growing institutional interest. Analysts note a sharp increase in holdings among large wallets โ a clear sign of investor confidence.
Recent data shows $13M+ in whale transactions, alongside major institutional adoption from heavyweights like Fidelity, Citi, and JPMorgan.
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2. Strong On-Chain Fundamentals & Supply Reduction
The launch of Chainlinkโs Reserve โ aimed at accumulating LINK and reducing circulating supply โ is driving bullish sentiment.
Open interest has climbed to $1.21B, while on-chain metrics suggest sustained demand, even amid light profit-taking.
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3. Technical Breakouts & Momentum Shift
LINK has smashed through key resistance zones at $19โ$20 and $21, signaling a major shift in market structure.
RSI: Bullish zone (60โ66)
MACD: Flashes upward momentum
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Potential Rally Targets ๐
Scenario Price Target Conditions to Watch
Short-Term : $26 โ $30 , Hold above ~$22; sustained bullish wave
Mid-Term : $31 โ $52 Breakout from triangle/wedge patterns; RSI strength
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If current momentum holds, Chainlink could be setting the stage for one of its strongest rallies in months. The next few sessions will be critical to confirm whether this is just a short-term pump โ or the start of a much bigger move.
$LINK
{future}(LINKUSDT)