Key Notes

Key Notes:

Chainlink network activity has significantly dropped in the past few weeks, coinciding with the recent market correction.The Chainlink ecosystem has grown in the past year backed by dozens of strategic partnerships across different chains.

As the optimism for the much-anticipated altseason increased in the past 24 hours following the Donald Trump post about Ripple Labs and XRP earlier today, Chainlink price LINK $17.81 24h volatility: 3.0% Market cap: $11.36 B Vol. 24h: $413.13 M has signaled a potential relief rally ahead. The large-cap altcoin, with a fully diluted valuation of about $17.9 billion and a 24-hour average trading volume of around $627 million, retested a crucial support level of around $17.9, which has been established in the past two months.

Since hitting a local top of about $30.7 in December 2024, LINK price has been trapped in a correction phase, despite the support from major institutional investors led by Donald Trump-backed World Liberty Financial (WLFI) protocol.

Chainlink price has been forming a macro-rising trend since its bullish breakout in October 2023. In the weekly time frame, LINK price has been forming higher highs and higher lows, a characteristic of a rising trend.

In the last few weeks, the LINK price has been retesting the 50 SMA, which could yield a bullish rebound. According to crypto analyst Ali Martinez, “LINK has historically rebounded when the MVRV drops below -16 percent, with past gains of 312%, 64%, 61%, 25%, and 52%. Right now, MVRV sits at -16.3%, signaling another rebound on the horizon”.

According to on-chain data analysis from Santiment, Chainlink whales, with an account balance of between 1 million and 10 million coins, accumulated $20 million worth of $LINK in the past 24 hours. The LINK whales are speculating on a potential market rebound in the coming days after notable exhaustion of selling pressures.

According to market data analysis from IntoTheBlock, the Chainlink network has recorded an increase in transactions greater than $100k from 66 txs on February 16 to about 322 txs at the time of this writing.

The Chainlink network has grown to a robust Web3 ecosystem enabling the mainstream adoption of decentralized financial (DeFi) protocols in 2025. As Coinspeaker previously reported, the Chainlink network has inked dozens of strategic partnerships in the past year to enable scalable and multi-chain smart contracts across more than 20 blockchains.

The Chainlink’s Cross-Chain Interoperability Protocol (CCIP), Data Feeds, and Proof of Reserves (PoR) have been adopted by dozens of Web3 companies led by Shina Inu’s Shibarium, Coinbase Global Inc. (NASDAQ: COIN), ANZ Bank, and Usual Protocol, among others.

According to market data analysis from Santiment, the Chainlink network topped the blockchains focused on real-world assets tokenization (RWA) in notable developments during the past month.

Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.

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