Chainlink on the Rise : An Altcoin to Watch
The bullish momentum of Chainlink (LINK) is drawing attention. The token recently reached an all-time high near $27 in Asian markets. Although the price has slightly corrected, LINK maintains gains of 3.15% over 24 hours. This remarkable performance contrasts with the downward trend of the broader market, making LINK one of the most successful altcoins at the moment.
This surge is accompanied by an explosion of mentions and engagement on social media, indicating growing interest from investors. Google Trends data confirms this trend, with record searches for the term “Chainlink“.
Can Pyth Follow in the Footsteps of its Competitor ?
The oracle sector has outperformed the market recently, with an increase of more than 35%. However, the momentum isn’t uniform: Chainlink is largely driving the growth. In August, LINK jumped by 42%, while PYTH only advanced 0.33%. On-chain data shows a decline in daily transactions for both projects since June, suggesting that the price rise isn’t supported by real demand.
Chainlink’s rise can be explained by its unique ecosystem. The launch of the Chainlink Reserve has reduced selling pressure, while accumulation by whales and institutional partnerships have strengthened its position. Although PYTH benefits from the overall bullish trend, it remains uncertain whether it will match LINK’s performance, leaving the latter in the role of market leader.
How to Position Yourself on LINK ?
To capitalize on this rally, here’s an optimized strategy :
- Progressive entries : Buy on dips between $19.2-17, waiting for the 4h or 12h RSI to be oversold.
- Key support levels : $19.2, $15-17, $12-13. A drop below $15 would target $12.
- Taking profits : Target $24-25, $36, $52. A $60 target is possible if ETFs materialize.
- Confirmation volumes : A breakout >$24 requires volume >$700M.
- Risks : Monitor CPI (August 13, 2025), liquidations, and partnership announcements. Use a stop-loss at $19.2.
How to Buy Chainlink on Bitget ?
Here are the steps to easily buy LINK on Bitget :
- Registration : Create an account on Bitget with email/phone, then complete KYC verification.
- Deposit : Fund with fiat (card, bank transfer) or cryptocurrencies (USDT).
- LINK Market : Select LINK/USDT or LINK/ETH in “Spot Trading”.
- Order : Buy your tokens with a market order (immediate purchase) or limit order (fixed price). Enter the amount and confirm.
