Chainlink (LINK) is trending higher above the major pivot, trading near $22.5 with a market cap of $15.25 billion and ~$1.68 billion 24-hour trading volume.
Positions look constructive as open interest rose to $1.38 billion (+0.43%), while derivatives volume rose 10%, a combination that typically supports a continuation when the spot rate holds support. Funding remains modestly positive, indicating a bullish bias without serious leverage.
The resonance of the flows on the string reflects that tone. Chainlink Reserve, a program that collects LINK using protocol revenue, added 45,729 LINK this week, bringing its balance to 463,190 LINK (about $10 million at recent prices).
LINK's price moving sideways on the daily chart. Source: LINKUSD on Tradingview
Jovay Network chooses Chainlink for CCIP and data flows
Fundamentals continue to expand. Jovay Network has chosen Chainlink CCIP as the native cross-chain communication standard since day one and has adopted Chainlink data flows to deliver secure, low-latency market data.
For developers building institutional-level token and DeFi asset markets, this means simpler interoperability and cleaner market feeds, two real-world tools that power the LINK demand flywheel (node rewards, staking, and service payments).
Beyond Jovay, Chainlink remains the industry leader in oracles and cross-chain interoperability, while expanding partner networks and cross-chain integration. In previous cycles, a similar rhythm in institutional integrations has preceded periods of relative strength for LINK versus the broader altcoin market.
Price Levels to Watch: Can LINK Clear $25?
Technically, LINK has reclaimed the $22 area and is testing it as new support. Holding this shelf keeps the breakout towards $23.00-$23.20 in play; A decisive close above this range opens the way to the resistance range at $25.60.
A push through the $25.60 area would validate a bullish continuation from the current bull flag structure and refocus buyers on $27.8 (former high) next.
On the downside, $21.50-$21.90 is your first line of defense. A daily close below $21.50 risks a deeper check of $20.70-$20.00; Continued weakness could return to $19, where demand has previously resurfaced.
Until these lower levels break, the combination of high open production, healthy spot volume, and reserve accumulation favors buy flows on the dip rather than a trend reversal.
As reserves grow, derivatives stabilize, and Jovay's CCIP/Data Streams integration adds another real-world pillar, Chainlink's momentum base is steady. If the bulls defend $22 and flip $23 to $23.2 to support, a rally at $25 to $25.60 looks increasingly likely.
Cover image from ChatGPT and LTCUSD chart from Tradingview
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