- Chainlink is accumulating around $18, aiming for a 50% rally to around $30 shortly.
- LINK volume rose 73.67% to $4.61 billion, with open interest 22.34% higher to reflect strong trader sentiment.
- Recent liquidations totaled $8.67 million, indicating bullish pressure and strong upward momentum.
Chainlink’s price shows promising signs of a substantial rally, supported by technical formations and growing market momentum. Currently, LINK is undergoing a key accumulation process near $18.00. The stage is set for an imminent rally up to $30.00, a significant rise from current levels.
As per a crypto analyst’s post on X close look at the 12-hour chart of Chainlink shows that there is a robust bullish trend. The price is establishing a support area around the $18.00 mark, which is considered an accumulation point before a surge. Once momentum causes it to break out of this region, a surge towards $30 is expected, which would be approximately a 50% rise from current prices.
Also Read: Chainlink (LINK) Price Targets $26.6 After ICE Markets Partnership Boost
Indicators point out that Chainlink is gaining strength from continuous buying demand. Its fundamental value in reporting safe data to smart contracts within networks ensures this demand. Trading around $18.00 gives investors a potential area of interest before an eventual rally.
Chainlink Price Surges Above $26
Trading volume of LINK rose 73.67% to $4.61 billion, and open interest gained 22.34% to $1.48 billion in 24 hours. This indicates more leveraged positions and bullish confidence from traders. Funding rates remain positive, revealing a long bias.
Liquidation data confirms market sentiment. In 24 hours, LINK saw $8.67 million liquidations, mostly from shorts at $7.43 million, versus $1.24 million from longs. This shows short sellers are being squeezed as prices rise. On-chain analyst Ali noted that 2 million LINK worth $50 million were withdrawn from centralized exchanges in 48 hours.
LINK’s price rose from around $12 in late July to over $26 during mid-August. The rally is driven by derivatives action, short covering, and hefty exchange outflows. As bullish enthusiasm gathers pace, analysts caution that high funding rates can lead to overheating, threatening a correction if leverage becomes too big.
Technical Indicators and Price Outlook
LINK on August 13, 2025, was valued at $24.29, registering recent positive momentum. Intraday levels mark the price at about $21.33 with a 1.23% growth. A breakout above the higher Bollinger Band around $22.22 is a sign of strength, but also signals a short-term correction warning due to overextension.
Support lies in the region of $19.50 to $20.00, which would be crucial for additional rises. The next target is resistance around $22.70, with $24 as a longer-term target if buying persists.
However, a dip below $20 would soften the trend, taking prices down toward mid-Bollinger Band support of approximately $18.37. Overall, technical indications point toward a bullish direction, supported by accumulation and market action, with moderate retreat risk.
Also Read: Chainlink (LINK) Price Eyes $31 After Strategic $1 Million Token Reserve Launch
