Chainlink rebounds after forming a local bottom as the number of LINK token holders reached an all-time high.
By Parth Dubey
Editor Hamza Tariq
Updated
3 mins read
Chainlink LINK $13.05 24h volatility: 4.2% Market cap: $8.85 B Vol. 24h: $402.73 M has offered the community a double dose of bullish catalysts: a major partnership with Mastercard and a new all-time high in token holders. Santiment reported that the number of LINK holders recently surpassed 769,380, a record high.
Interestingly, active wallets over the past year have declined by 17.3%, a signal of long-term accumulation rather than short-term trading activity.
🔗📈 Chainlink's +11% price jump today comes as its amount of holders recently surpassed its all-time high, now up to 769,380. Additionally, wallets active in the past year are -17.3%, indicating its long-term investing timeframe is in an opportunity zone. https://t.co/dvejBSsVs6 pic.twitter.com/XC4K0n80Dp
— Santiment (@santimentfeed) June 24, 2025
The increase in investor interest aligns with Chainlink’s strategic partnership announcement with Mastercard, which will enable over 3 billion cardholders to buy crypto directly onchain.
LINK has remained trapped below a descending resistance line since December 2024, with consistent rejections along the way. However, after forming a local bottom around $12.66 and briefly falling to $11 on June 23, the token has bounced back.
At the time of writing, LINK is trading around $13.29, up 1.3% in the past 24 hours. Analysts point out that LINK has held the $12.66 key support level for over two months, indicating strong buying interest at these levels.
Last week, popular crypto trader Henry wrote on X that LINK has now entered the “smart money accumulation zone,” a phase where experienced investors often buy in anticipation of a breakout.
Look closely guys $LINK has been through months of downtrend and silence.
But something is changing.The downtrend is broken guys, and price is now moving through a clear accumulation and consolidation phase.
These zones often come before the loudest moves. We all know what is… pic.twitter.com/mUTPjst3aP
— Henry (@LordOfAlts) June 21, 2025
Henry forecasts that if momentum sustains, LINK could potentially climb to $25–$30. The cryptocurrency is around 75% down from its all-time high of $52.88, achieved in 2021.
On the daily LINK price chart, Bollinger Bands are starting to narrow after months of volatility. The price is now testing the midline (20-day SMA), currently around $13.32. A clean breakout above this level could lead the cryptocurrency to the upper band near $15.1.
LINK price chart with RSI and Bollinger Bands | Source: Trading View
Meanwhile, the RSI has climbed from oversold territory, suggesting growing buying strength.
The MACD has just recorded a bullish crossover, marking the beginning of upward momentum. Traders should watch for immediate resistance at $15, followed by $17.
LINK price chart with MACD | Source: Trading View
As LINK continues to register strong investor interest, Bitcoin Hyper (HYPER) is drawing attention with more than $1.6 million raised in its active presale.
Bitcoin Hyper, an innovative Layer 2 protocol built on Bitcoin BTC $107 264 24h volatility: 1.2% Market cap: $2.13 T Vol. 24h: $32.62 B , targets Bitcoin’s well-documented limitations: slow transaction times, elevated fees, and restricted support for smart contracts. It provides a high-speed Layer 2 infrastructure designed to significantly enhance scalability.
Transactions occur on a custom virtual machine optimized for speed and are later finalized on the Bitcoin blockchain to maintain robust security. This design enables the platform to deliver both fast and cost-effective operations while staying true to Bitcoin’s fundamental integrity.
Unlike typical Layer 2 tokens used primarily for governance or rewards, HYPER has a functional role at the core of the Bitcoin Hyper system. It is essential for covering transaction fees, staking purposes, and unlocking key features within the ecosystem.
The Bitcoin Hyper team is currently conducting a presale event to offer HYPER tokens at a discounted rate. It will soon increase the token’s value, which currently sits at $0.012025.
If you’re interested in buying HYPER at the current rate, visit the official website and join the presale event.
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.
A crypto journalist with over 5 years of experience in the industry, Parth has worked with major media outlets in the crypto and finance world, gathering experience and expertise in the space after surviving bear and bull markets over the years. Parth is also an author of 4 self-published books.
