LINK maintains a price increase of over 20% this week as the bullish trend of altcoins faces significant correction.

The price of Chainlink (LINK) has maintained an increase of over 20% in the past 7 days, standing out amidst the strong decline wave of altcoin.

Analysts believe that this token can withstand the current trend, with forecasts supported by stable adoption rates, expectations of reserve updates, and increasing public interest.

LINK price faces a significant correction

Notably, Chainlink, the 14th largest cryptocurrency by market capitalization, traded at a high of $23.41 on August 14, 2025. At the time of writing, the token has fallen to $22.49, losing 6% in the past 24 hours. Nevertheless, it still maintains a strong increase of 39.3% over the past month.

This price increase occurs as many altcoins also rise in the previous trading session, with traders seeking projects linked to blockchain infrastructure.

Market data shows that Chainlink holds 84% of the oracle market share on Ethereum. It also secures over 84 billion dollars in value across decentralized finance platforms (DeFi).

Oracles are systems that bring real-world data onto the blockchain, and with the current figures, Chainlink has become one of the most widely used networks in this field.

In a recent post on X, market analyst Miles Deutscher described LINK as one of the best large-cap options in this market cycle.

Miles Deutscher points out that major financial corporations like SWIFT, JPMorgan, and Mastercard have previously collaborated with Chainlink to connect blockchain systems with traditional finance. This activity demonstrates that the project has become a bridge between different areas of the financial world.

Why can a breakout occur?

Technically, the price of LINK has surpassed the resistance level of 20 dollars on the weekly chart. This level has acted as a barrier for many years. Traders view this move as a signal that the token could continue to rise if buying pressure is maintained.

How Chainlink manages its token supply is also seen as a factor that could help drive the price.

The network earns revenue from transaction fees on blockchain networks and from agreements with private chains operated by businesses. All of this revenue is converted into LINK tokens and added to the Chainlink Reserve (Chainlink reserve). According to the update, this means there is always regular purchasing activity of LINK in the open market.

Another part of the system is staking, where holders lock their LINK to help secure the network. In return, they receive about 4.32% yield (APR) per year. This mechanism reduces the tokens in circulation, decreasing the supply.

Supporters believe that as acceptance levels rise, increased demand coupled with a decreasing supply could drive prices up over time.

This operation creates a stable link between the use of services and the activity of buying tokens. More users means more fees, more LINK purchases, and a more secure network.

Traders believe that this cycle could continue to support prices if interest in Chainlink's services continues to grow.

Update on Chainlink Reserve and the increase in public interest

Investors are also keeping an eye on news about Chainlink Reserve. Market commentator Rick Barber stated that many are predicting there will be a deposit or update within the next 24 hours.

This reserve fund was initially valued at around $1.6 million and holds 65,552 LINK, with an average purchase price of $16.83 per token.

Interestingly, Google search data shows that online interest in Chainlink has surged.

In a post on X, Chris Barrett — a prominent member of the community — shared data from Google Trends showing a significant increase in global searches for Chainlink.

The search level for Chainlink on Google has skyrocketed | Source: GoogleAn increasing number of people searching for Chainlink online is a sign that awareness of this token and its function is growing.

Notably, the recent price increase of LINK comes from a more active market, a significant price increase, along with growing interest from investors and the public.

It is clear that reaching the $40 mark will depend on whether these trends can be sustained and whether more people will start using Chainlink's services and accumulating LINK.

Minh Anh