Key notes
- Link exceeds the mobile average from 20 days to $ 17.02, targeting resistance of $ 20 with RSI at comfortable levels of 64.15.
- The new ChainLink reserve automatically converts business payments into liaison tokens with more than a million dollars already accumulated.
- The upgrading of the payment abstraction layer allows transparent conversion of the floors and assets in connection, by increasing the request for tokens.
Chain link
LINK
$ 19.70
24h volatility:
7.4%
COURTIC CAPESSION:
$ 13.36 B
Flight. 24 hours:
$ 1.36 B
appeared as one of the most efficient cryptocurrencies in the Mega-Capitaine on Friday August 8, displaying a daily gain of 9% which pushed its price more than $ 18.1 at the time of the press. The arrows follows a bullish announcement of the team that motivated a great momentum for the token.
The rally was catalyzed by two key factors: improving feeling on the risky asset markets following the comments of Donald Trump suggesting potential price relief for certain imported technological components, and more directly, the launch of the new ChainLink Strategic Liaison Reserve.
According to the official announcement, the chain reserve will be financed through chain and out -of -chain income, including business payments and the costs collected via the ChainLink payment abstraction system.
These income is now converted programmatic in line and stored in chain, without short -term withdrawal plans. The launch coincided with the reserve that has already raised more than a million dollars in liaison tokens, highlighting the adoption speed.
We are delighted to announce the launch of the ChainLink reserve, a new upgrade focused on the creation of a strategic reserve of liaison tokens.
The reserve of charged chairs is designed to support the long -term growth and sustainability of the chain link … pic.twitter.com/vuelleyovvys
– Chainlink (@chainlink) August 7, 2025
The improved payment abstraction layer now accommodates income outside chain and in chain, allowing transparent conversion of stablecoins and other links in connection, which potentially increases the demand for tokens.
Link the eyes of $ 20 resistance while the rally erases the 20 -day mobile average
ChainLink jumped 5.67% Thursday to close to $ 19.52, decisively exceeding the simple 20 -day mobile average (SMA), now positioned at $ 17.02.
This rally comes after Link is consolidated for more than a week almost the level of support of $ 16. The rupture after the three key smas (5, 8 and 13) now positions the connection in accelerated recovery mode, with an upward pressure building towards the $ 20 area tested for the last time in mid-July.
Channel price forecast | Linkusdt
The relative resistance index (RSI) reads 64.15, comfortably below the extreme surge threshold of 70. This positioning suggests that the link still has a large space to climb before facing exhaustion, especially if the daily volume continues to climb.
Beyond the action of speculative prices, the establishment of the chain liaison reserve and its locking mechanisms of the tokens could further tighten the supply and accelerate the rally.
In summary, the combination of the short -term offer in decline and the feeling of the Haussier market can create conditions for an escape greater than $ 20, with a potential target close to $ 21.50, the local summit of June.
Solaxy’s presale heats up while Chainlink catalyzes the media-2-2 threshing media
While ChainLink makes the headlines of its chain reserve innovation, the attention in the space of layer 2 quickly moves to Solaxy, the first native protocol of layer 2 of Solana.
Solaxy presale
With more than $ 14 million already collected, Solaxy’s presale promises up to 70% APY for the early stakers of his native Solx token. While the Solaxy team is preparing for the main lists of CEX and the next phase of its roadmap, the first buyers are already considering the next level of price level with optimism. At the time of writing the editorial time, the official website of Solaxy’s presale always offers early access to jealous incentives and ecosystem rewards.
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Ibrahim Ajibade is a seasoned research analyst with training by supporting various web3 and financial organizations. He obtained his undergraduate diploma in economics and is currently studying for a master’s degree in blockchain and distributed major book technologies at the University of Malta.
Ibrahim Ajibade on LinkedIn
