Can the Chainlink Reserve accumulation of 1.18 million dollars help the LINK price reach the next milestone of 15 dollars?

TapChiBitcoin
LINK-1,65%

In 2025, the Digital Asset Treasury and token acquisition activities have become a prominent trend among major players in the cryptocurrency world.

In the face of the strong shift in the cryptocurrency market, Chainlink (LINK) quickly adapted, officially launching LINK Strategic Reserve on August 7, 2025.

This organization was established with the goal of attracting demand from businesses, transforming it into demand for the internal LINK token.

Chainlink Reserve continues to strengthen LINK accumulation

Stepping into the fourth quarter, the cryptocurrency market witnessed significant losses, as both investors and treasuries recorded substantial declines.

Chainlink is also not outside this trend, as the reserves decreased from 8.1 billion USD to only 4 billion USD in just two months.

Can the Chainlink Reserve accumulating 1.18 million dollars help the LINK price reach the next milestone of 15 dollars?Source: ArtemisDespite facing many difficulties, the Chainlink Reserve remains steadfast in its strategy to maintain and increase the amount of LINK reserves.

In the past day alone, this organization has acquired approximately 89,000 LINK, worth 1.18 million USD. Over the past week, the total accumulated amount has reached 170,300 LINK, equivalent to 2.2 million USD.

Chainlink Reserve accumulating 1.18 million dollars could help the price of LINK reach the next milestone of 15 dollars?Source: Chainlink ReserveThe continuous accumulation not only demonstrates a strong belief in the potential of LINK but also contributes to reducing the circulating supply, thereby easing selling pressure and facilitating growth.

Stable demand across the market

Alongside the accumulation activities of Chainlink Reserve, investors in the market are also seizing the opportunity to increase their ownership of LINK.

According to data from CryptoQuant, buyers have distinctly dominated for the past six consecutive days. The Spot Taker CVD index reflects the superiority of buyers, indicating a natural and substantive demand for Chainlink, rather than arising from leveraged trading activities.

Can the Chainlink Reserve accumulation of 1.18 million dollars help the LINK price reach the next milestone of 15 dollars?Source: CryptoQuantTherefore, the Spot Netflow index of Chainlink has continuously remained negative over the past week. As of now, the Netflow recorded a level of -578,000 USD, down from the previous day's -2.88 million USD, demonstrating the aggressive accumulation in the spot market.

Can the 1.18 million dollar Chainlink Reserve help the price of LINK reach the next milestone of 15 dollars?Source: CoinGlass## Next prospects for LINK

After recovering from the bottom of 11 USD a week ago, Chainlink has maintained trading within a small upward channel, peaking at 13.5 USD.

At the current time, LINK is trading around 13.4 USD, up 0.46% on the day and 11.3% on the week, indicating that the buying pressure is increasing significantly.

Notably, the Stochastic RSI indicator of LINK has risen to 97, entering the overbought zone. When this indicator reaches such a high level, it reflects the complete control of buyers in the market.

Chainlink Reserve accumulating $1.18 million could help LINK price reach the next milestone of $15?

However, these levels both reflect the strength of the trend and warn of the risk of significant volatility. If buying pressure continues to be sustained, LINK could completely surpass the threshold of 15 USD and aim for the target of 16.1 USD.

Conversely, if selling pressure increases, the Parabolic SAR indicator will act as support for LINK at the level of 11.94 USD.

Mr. Giáo

View Original
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to Disclaimer.
Comment
0/400
No comments