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- Chainlink added eight new integrations across 11 chains, including Solana, Plume, and Hyperliquid.
- LINK price hovers at $16.15 with whale activity up and exchange supply steadily dropping.
Chainlink has introduced eight new integrations from July 28 to August 3, 2025. These include four types of services and span 11 blockchain networks, expanding its technical presence into decentralized systems further. Among the chains covered are Ethereum, Solana, Avalanche, and BNB Chain, as well as newer projects such as Plume and Hyperliquid.
The services that were adopted this week are four integrations for its Cross-Chain Interoperability Protocol (CCIP), two for Chainlink Functions (CRE), one oracle data feed, and one Proof-of-Reserve. These integrations increase the real-world application of Chainlink’s network, where secure data and secure communication still remain vital.
New partners include EDinheiro, Michion on Solana, MisyonBank, OpenUSDT, Plexos Institute, Polytrade Finance, and VSN Token. The companies are adopting Chainlink’s decentralized technology to protect price feeds, asset support, and messaging functions more effectively.
Technical Levels Build Case for LINK Targeting $32
Chainlink’s native cryptocurrency, LINK, is holding around $16.52 as technical analysts point out a higher low forming after a recent decline from a high of about $20. If the cryptocurrency remains at its current level and manages to retest the trendline, a breakthrough to $20 becomes possible, with long-term targets at $32 and $51.
Despite recent drops through the 20-day and 50-day moving averages, LINK now tests its 200-day exponential moving average (EMA), which may act as support. Areas of liquidity below $15 show strong demand from buyers, supporting the argument of a rebound rally. Solberg Invest indicated that a break above the downtrend line can trigger a sustained rally.
The ascending broadening wedge is still holding, which supports a longer-term upward structure. The RSI at 48 places it into a neutral zone, while the MACD has bearish movement but no real power behind the movement.
Whales Accumulate 3.84 Million LINK Tokens Since July
On-chain data also support the case of persistent upside pressure. Whale wallet demand has increased 13% since early July, currently holding 3.84 million LINK tokens. Meanwhile, reserves on exchanges have decreased from 283 million to 276.88 million, suggesting spot selling pressure has decreased.
Chainlink is now trading above its 50-day average, showing a pattern similar to earlier Elliott Wave setups. If the upward trend continues, the price could reach $32 in the next few weeks, with $51 as a possible longer-term level.
With services now integrated across newer blockchain partners and investor sentiment showing improvement—evidenced by declining exchange balances and increased holdings among large wallets, LINK may be approaching a price change. Attention is currently on the $16.52 mark, which many see as a potential indicator for the next price direction.
