Chainlink Price Jumps as Reserves Add 43,937 LINK, Boosting Investor Confidence

The Chainlink price has soared 2% in the last 24 hours to trade at $22.14 on a 40% pump in the daily trading volume to $1.29 billion.

This LINK price surge comes after Chainlink Reserve increased its holdings by 43,937 LINK, bringing the total to 237,014.07 LINK. The move reduces the circulating supply and shows growing confidence in the project’s long-term future.

By locking away more tokens, the Reserve is helping limit sell pressure while boosting the value of remaining supply in the market. At the same time, Chainlink continues to expand its role in DeFi and real-world asset tokenization, which is driving more demand for LINK.

With supply tightening and utility growing, analysts see this as a strong signal that LINK could keep gaining momentum in the coming weeks.

Each addition strengthens the base for Chainlink’s price and aligns growth with long-term sustainability. With steady accumulation and supportive technical patterns,

Chainlink Low Exchange Inflows Signal Strong Holding Sentiment

Chainlink on-chain analysis shows strength as fewer tokens are moving to exchanges, which means less selling pressure in the market. Data from CryptoQuant shows that the average exchange inflow for LINK is low compared to past spikes, a sign that most investors are holding their tokens.

Chainlink Exchange Inflow Mean. Source: CryptoQuant

In the past, big inflow spikes often came before price drops, especially when LINK traded above $30 in early 2024. Right now, LINK is holding around $22.4 without major inflows, indicating traders are not in a hurry to sell.

This could be a positive sign for LINK, as low inflows often support price stability and growth. If this trend continues, LINK may have a chance to test the $30 resistance again, especially with more attention on its oracle technology from institutions.

Chainlink Price Analysis: Cup and Handle Pattern Points to More Upside

Chainlink (LINK) is showing signs of strength as a potential cup and handle pattern forms on the daily chart. The token is trading around $22.46 after a healthy pullback from recent highs, suggesting that buyers are preparing for the next move.

The chart shows LINK breaking out of a long consolidation zone between $7 and $12, creating a rounded bottom pattern, which is often seen as a strong bullish reversal signal. The breakout pushed LINK above key resistance at $18 and took the price close to $27 before the current retracement started.

Now, the pullback may be shaping into the “handle” part of the pattern. If confirmed, this setup could send LINK higher, with targets in the $30 to $35 range. This would represent a continuation of the larger uptrend that began in July.

LINKUSDT (1 Day Chart Analysis). Source: TradingView

The technical indicators back this view. The Relative Strength Index (RSI) is currently around 52, showing that momentum is balanced but leaning slightly bullish. In addition, the old resistance near $20 has now turned into support, which means buyers are likely to defend this level during any further dips.

On the fundamentals side, Chainlink continues to grow its role in decentralized finance (DeFi) and tokenized assets. Its oracles are powering more blockchain projects, while large investors—so-called whales—have kept accumulating LINK, reducing supply on the market. These factors support the idea that LINK has room to climb further.

Traders should watch the $20 support zone closely. Holding above it increases the chance of a breakout toward the reward zone around $30–$35. On the other hand, a drop below $20 could delay the bullish move and put LINK back into sideways trading.