Chainlink Records Strongest Network Growth in Five Months as Price Climbs

Chainlink hit 2,995 new daily addresses, its strongest growth since March, aligning with LINK’s rally to $25.79.

LINK faces major resistance at $25–26, a multi year trendline blocking upside since the 2021 $53 peak.

A breakout above $28 could target $40–50, while failure risks pullbacks to $15–17 or $8.20 support.

Chainlink’s network activity has reached its highest growth in months, with daily new wallet creation approaching 3,000 addresses. Data from August 18, 2025, recorded 2,995 new addresses, marking the most significant expansion since March

This increase came as LINK’s price advanced to $25.79, its strongest level during the observed period. The parallel rise in new addresses and market valuation highlights a notable correlation between user adoption and price movement, underscoring strong engagement on the network.

New Address Growth Aligns With Price Breakout

From April through May, Chainlink’s address creation fluctuated between 800 and 1,600 per day. During that same time, LINK’s price remained steady between $10 and $15. By mid July, daily new addresses reached around 2,000, coinciding with a price breakout above $15

LINK News Addresses Count chart, Source: Ali on X

The surge accelerated in early August, when new wallet creation peaked at nearly 3,000. At the same moment, LINK extended its rally toward $26, reinforcing the trend between expanding adoption and price strength.

Key Resistance Levels and Market Structure

According to CRYPTOWZRD, LINK is currently testing a multi-year descending resistance trendline around the $25–26 zone. This line has limited upward momentum since the 2021 high near $53

LINK/USDT 3-day price chart, Source: CRYPTOWZRD

Price movement around this resistance will be critical, as a break could unlock further momentum. A strong support level is also identified near $8.20, a base established during 2022–2023’s prolonged consolidation. Between mid-2022 and early 2023, LINK traded within a narrow $5.5–$10 channel before eventually breaking higher.

Next Major Price Targets Under Review

Market projections now focus on the $26–28 region, where confirmation of a breakout could accelerate movement toward $40–50. CRYPTOWZRD further highlights $73.90 as a potential long-term target, a new all-time high beyond 2021’s $53 peak

However, analysts caution that failure to clear resistance may prompt pullbacks toward $15–17 or even a retest of the $8.20 support. Monitoring for volume levels and confirmation signals near the $26–28 zone to determine the next shift in trend is essential.

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