Chainlink Retains 20% Weekly Surge as Altcoin Rally Faces Crucial Reset

Key Insights:

• Chainlink price gained 20% in recent weeks despite the ongoing selloff most altcoins are experiencing.
• The technical support around the $20 level has raised hopes for possible rebound soon.
• Reserve update and rising search interest show growing investor focus on the coin.

Chainlink (LINK) price has retained its more than 20% in the past 7 days, standing out in the ongoing altcoin meltdown.

Analysts believe the token could survive the current trend, a projection that is backed by steady adoption, an expected reserve update, and growing public interest.

Chainlink Price Faces Crucial Reset

It is worth mentioning that Chainlink, the eleventh-largest cryptocurrency by market value, traded as high as $23.41 on August 14, 2025.

As of writing, the token has fallen and now changing hands for $22.21, down 6.36% in 24 hours. Despite this, it is maintaining a strong gain of 41% over the past month.

The rise came as many altcoins moved higher in the earlier session, with traders looking for projects tied to blockchain infrastructure.

Meanwhile, market data showed that Chainlink held 84% of the oracle market dominance on Ethereum.

It also secured more than $84 billion in value across decentralized finance platforms.

Oracles are systems that bring real-world data onto blockchains, with the current figure making Chainlink one of the most used networks in its field.

In his recent thread on X, Market analyst Miles Deutscher described LINK as one of the most best large-cap picks in this market cycle.

He pointed out that big financial firms such as SWIFT, JPMorgan, and Mastercard had already worked with Chainlink to connect blockchain systems with traditional finance.

This activity showed how the project had become a bridge between different parts of the financial world.

Why a Breakout Could Happen

On the technical side, LINK price has broken above the $20 weekly resistance level.

This level had acted as a barrier for years. Traders saw this move as a sign that the token could rise further if buying continues.

Chainlink’s way of managing its token supply was also seen as a factor that could help boost its price.

The network earned money from fees paid on blockchain networks and from deals with private chains run by companies.

All earnings were converted into LINK tokens and added to the Chainlink Reserve.

According to the update, this meant there was regular buying of LINK on the open market.

Another part of the system was staking, where holders locked up their LINK to help secure the network.

In return, they earned about 4.32% in APR per year. This system takes tokens out of circulation, reducing supply.

Supporters believed that as adoption grew, the extra demand and reduced supply could push prices higher over time.

The setup created a steady link between usage and buying activity. More usage meant more fees, more buying of LINK, and stronger network security.

Traders said this cycle could keep supporting prices if interest in Chainlink’s services keep growing.

Chainlink Reserve Update and Public Interest Rise

Investors are also watching for news about the Chainlink Reserve. Rick Barber, a market commentator, said that many expected a deposit or update within 24 hours.

The reserve was worth about $1.6 million at the start and held 65,552 LINK, with an average cost of $16.83 per token.

It is important to add that Google search data showed a remarkable increase in online interest in Chainlink.

In his post on X, Chris Barrett, another community figure, shared Google Trends data that showed a clear rise in searches for Chainlink worldwide.

More people searching for Chainlink online is a sign of growing awareness of the token and what it does.

Notably, LINK’s recent rise came from stronger market activity, price gains, and growing attention from investors and the public.

If anything is clear, reaching $40 will depend on whether these trends last and if more people begin using Chainlink’s services and stacking LINK.