Chainlink (LINK) is grinding higher above a key pivot, trading near $22.5 with a $15.25 billion market cap and roughly $1.68B in 24-hour volume.
Positioning looks constructive as open interest has edged up to $1.38 billion (+0.43%), while derivatives volume climbed 10%, a combo that typically supports continuation when spot holds support. Funding remains modestly positive, suggesting bullish bias without dangerous leverage.
On-chain flows echo that tone. The Chainlink Reserve, a program that accumulates LINK using protocol revenues, added 45,729 LINK this week, lifting its balance to 463,190 LINK (about $10 million at recent prices).
Jovay Network picks Chainlink for CCIP and Data Streams
Fundamentals continue to expand. Jovay Network selected Chainlink CCIP as its native cross-chain communication standard from day one and adopted Chainlink Data Streams to deliver secure, low-latency market data.
For developers building tokenized asset markets and institutional-grade DeFi, that means simpler interoperability and cleaner market feeds, two real-world utilities that strengthen the LINK demand flywheel (node rewards, staking, and service payments).
Beyond Jovay, Chainlink remains the leading oracle and interoperability stack across major chains, with expanding partner networks and cross-chain integrations. In prior cycles, a similar cadence in enterprise integrations preceded periods of relative strength for LINK versus the broader altcoin market.
Price levels to watch: Can LINK Clear $25?
Technically, LINK reclaimed the $22 zone and is testing it as new support. Holding that shelf keeps a breakout toward $23.00–$23.20 in play; a decisive close above that band opens the path to the $25.60 resistance cluster.
A push through $25.60 would validate a bullish continuation from the current bull-flag structure and refocus buyers on $27.8 (prior high) next.
On the downside, $21.50–$21.90 is the first defense. A daily close below $21.50 risks a deeper check of $20.70–$20.00; persistent weakness could revisit $19, where demand previously re-emerged.
Until those lower levels break, the mix of rising OI, healthy spot volume, and Reserve accumulation favors buy-the-dip flows over a trend reversal.
With reserves growing, derivatives steady, and Jovay’s CCIP/Data Streams integration adding another real-world pillar, Chainlink’s momentum base is firming. If bulls defend $22 and flip $23–$23.2 into support, a run at $25–$25.60 looks increasingly likely.
Cover image from ChatGPT, LTCUSD chart from Tradingview
