Chainlink Price Prediction on August 2025

Chainlink (LINK) has shown remarkable strength in August 2025, breaking above key resistance levels and posting double-digit gains in just a few days. With the current price trading around $19.07 and market sentiment leaning bullish, traders and investors are watching closely for the next major move. 

The combination of whale accumulation, a strategic LINK reserve launch, and favorable technical indicators suggests that momentum could carry the asset higher in the short term.

Read Also: How to Buy ChainLink Token (LINK)

Key Takeaways

• Chainlink is trading at around $19.07, up over 13% in the past 24 hours.
• Whale and shark wallets have increased holdings significantly in August, adding supply pressure to the upside.
• The launch of the Chainlink strategic reserve is adding confidence to long-term network sustainability.
• RSI indicates overbought conditions, suggesting a possible short-term pullback before another rally.
• The next key resistance levels are at $19.50 and $20.00, with support at $18.28 and $17.27.

Chainlink Current Market Performance

As of early August 2025, LINK has surged over 35% in the past month, fueled by a strong recovery from the $16.80 support zone. This bullish momentum has been supported by high trading volume, with over $1.39 billion traded in the last 24 hours, indicating strong market participation.

The announcement of a strategic LINK reserve funded by on-chain and off-chain revenue has contributed to investor optimism. This initiative is designed to support long-term growth and sustainability, potentially reducing circulating supply over time and creating upward pressure on price.

Technical Analysis of Chainlink (August 2025)

Price Action and Bollinger Bands

The Bollinger Bands show that LINK is trading near the upper band at $19.29, signaling strong upward momentum but also an overextended move in the short term. Price action above the 20-period moving average (currently at $18.28) confirms bullish control of the market.

RSI (Relative Strength Index)

The RSI reading at 72.47 places LINK in overbought territory, which often precedes a short-term correction or consolidation phase. However, strong bullish trends can keep RSI elevated for extended periods before reversing.

MACD (Moving Average Convergence Divergence)

The MACD line remains above the signal line, with positive histogram bars indicating strong bullish momentum. The wide gap between the MACD and signal lines suggests that buying pressure remains dominant.

Chainlink Whale Activity and Market Sentiment

Data shows that wallets holding between 100,000 and 1 million LINK have grown their positions by 4.2% this month. Additionally, 0.67% of the total LINK supply has been accumulated in August alone, signaling strong confidence from large holders.

Community sentiment on social platforms is overwhelmingly bullish, with traders pointing to the combination of whale accumulation, network development, and on-chain metrics as drivers for continued price growth.

Read Also: Chainlink Price Surges After Mastercard Partnership

Chainlink Price Prediction for August 2025

Based on current technical and market fundamentals, LINK is likely to test the $19.50 resistance in the coming days. A successful breakout above this level could open the door to $20.00 and potentially $21.50 if momentum continues.

However, given overbought RSI levels, traders should also be prepared for a short-term pullback toward $18.28 or even $17.27 before resuming the uptrend. This would provide a healthier consolidation phase and reduce the risk of a sharp correction.

Bullish Scenario:

• Breakout above $19.50 could push LINK toward $20.00–$21.50.

Bearish Scenario:

• Failure to hold above $18.28 could see LINK revisiting $17.27 support.

Final Thoughts

Chainlink’s strong performance in August 2025 reflects a combination of solid technical setups, whale accumulation, and strategic network initiatives. While the overbought RSI suggests caution in the short term, the overall trend remains bullish.

Long-term investors may view pullbacks as opportunities to accumulate, especially with the project’s ongoing developments and expanding adoption in the DeFi sector.

Read Also: Chainlink and Ethereum: Key Players Bringing EVM Activities

FAQs

What is the current price of Chainlink in August 2025?

The current price of Chainlink is approximately $19.07 as of early August 2025.

Why is Chainlink’s price rising?

The rise is fueled by whale accumulation, the launch of a strategic LINK reserve, and overall bullish sentiment in the crypto market.

Is Chainlink overbought right now?

Yes, the RSI is at 72.47, indicating overbought conditions, which could lead to a short-term pullback.

What are the key resistance levels for LINK in August 2025?

The main resistance levels are $19.50 and $20.00, with a potential extension to $21.50.

Should I buy Chainlink now?

It depends on your risk tolerance. The trend is bullish, but overbought conditions suggest waiting for a possible dip before entering.