Chainlink (LINK) price prediction: Approaching yearly high, reserve mechanism activated + NYSE parent company collaboration implemented, Whale accelerates Accumulation, bullish signal is strong.

Chainlink (LINK) price reached $26 on Sunday, approaching its yearly high, up 123% from this year's low. Multiple favorable factors drive the rise: 1) The newly launched LINK reserve mechanism has accumulated 109,663 LINK (worth over $2.7 million), with a significant average cost advantage ($19.65); 2) The total collateral value on the platform (TVS) surged to over $93 billion; 3) A major partnership with NYSE parent company Intercontinental Exchange (ICE) has been established, empowering forex and metal trading, highlighting its application value in the tokenization of real-world assets (RWA); 4) LINK futures open interest hit a historical high of $1.5 billion; 5) Whale holdings increased by 68% month-on-month to 5.61 million LINK. The technical double bottom pattern has been established, a golden cross has formed, and the RSI and MACD are bullish, breaking through the $27.18 resistance level may open up space for a rise towards $30.

Reserve Fund Mechanism Activated On-chain Income Value Capture

The LINK reserve fund feature recently launched by Chainlink has become an important value catalyst. This mechanism continuously injects the on-chain and enterprise service fees of the oracle network into the reserve fund pool. According to the official website, the reserve fund currently holds 109,663 LINK, valued at over $2.7 million at current prices. This scale is expected to continue to grow. It is worth noting that the average cost of the reserve fund is only $19.65, significantly lower than the market price, and it has already achieved considerable floating profit. This mechanism introduces sustainable buying pressure and long-term value support for the LINK token.

TVS Breaks Through 93 Billion, ICE Collaboration Ignites RWA Applications

The key metric of the Chainlink network, Total Value Secured ( TVS ), continues to rise and has now surpassed the $93 billion mark, with most of the funds deployed on the Ethereum network. This reflects the market's enormous demand for its decentralized oracle services. More significant favourable information comes from partnerships with traditional financial giants: Chainlink has announced a strategic collaboration with Intercontinental Exchange ( ICE ), the parent company of the New York Stock Exchange. ICE will utilize Chainlink's cross-chain interoperability protocol ( CCIP ) technology to support its forex and metal trading. This collaboration is a benchmark case for Chainlink's tokenization of real-world assets ( RWA ), strongly validating the reliability of its technology in enterprise applications.

Derivatives and Whales: Market Bullish Sentiment Rising

The market's demand for LINK is reflected in the derivatives and whale behavior:

• The open interest of futures contracts (OI) surged to a record $1.5 billion, significantly higher than the year-to-date low of $421 million, indicating a strong bullish expectation for leveraged funds.
• Whale addresses (large holders) have been continuously increasing their holdings this month, with a total current Holdings of 5.61 million LINK, a surge of 68% compared to last month. The accelerated accumulation by whales is usually a strong bullish signal, indicating that high-net-worth investors are actively positioning themselves.

Technical Analysis: Double Bottom Golden Cross Resonance Targeting $30

The LINK daily chart shows a strong technical bullish structure:

1. Double bottom pattern established: Successfully built a solid double bottom near $10.97, marking a trend reversal.
2. The third wave of Elliott Wave has started: the current price movement is identified as the most explosive third driving wave.
3. Golden Cross Confirmation: The 50-day and 200-day moving averages form a golden cross pattern, strengthening the medium-term upward trend.
4. Indicators are strengthening synchronously: The Relative Strength Index ( RSI ) and the Exponential Moving Average Convergence Divergence ( MACD ) are continuously rising, indicating strong bullish momentum. The technical analysis points to a key resistance level of $27.18 (the highest point since January this year), and an effective breakthrough will open up upward space towards the psychological threshold of $30.

Conclusion

Chainlink is experiencing a perfect resonance of fundamentals and technicals. The launch of the LINK reserve mechanism has built a long-term value capture model, and the milestone cooperation with ICE has opened up a huge market space for the tokenization of real assets. The surge in on-chain TVS, record bullish bets in the derivatives market, and the rapid increase in Whale holdings all confirm the strong confidence of institutions and major players in LINK's prospects. Coupled with the technical support of a double bottom reversal and a golden cross pattern on the daily chart, the conditions for LINK to break through the annual high of $27.18 are increasingly mature. If it successfully stands above this resistance level, $30 will become the next key target. Against the backdrop of intensified competition in the oracle race, Chainlink is consolidating its leading position as a key infrastructure for Web3 through continuous innovation and cooperation.