Chainlink Rally Lifts CoinDesk 20 Index Above 4,100

Published: 2025-08-12 14:28:54 |

Chainlink’s price rally extended over two sessions, propelling the CoinDesk 20 Index past key levels. On August 11, LINK jumped 8.9%, lifting the index 1% to 4,119.66. In the following session, Chainlink added another 3.3%, pushing the index up 0.6% to 4,138.64. The strength underlines robust demand for blockchain oracle solutions amid mixed market conditions. Ethereum also advanced, gaining 3.3% initially and a further 2.1%, reflecting renewed buying interest in smart contract platforms. Overall, 16 of the 20 index constituents traded higher, boosting market sentiment. Conversely, select lower-cap tokens saw profit-taking: Hedera (HBAR) fell 3.4%, Uniswap (UNI) dipped 3.3%, and Litecoin (LTC) slid 1.2%. Traders are eyeing Chainlink’s momentum for potential breakout trades while monitoring altcoin volatility for short-term opportunities.

Bullish

Chainlink’s consecutive gains and its leading role in lifting the CoinDesk 20 Index indicate strong buying momentum and growing demand for oracle solutions. In the short term, this rally may attract momentum traders and breakout strategies, driving further price appreciation. Long term, Chainlink’s fundamental utility in decentralized data feeds supports sustainable growth, while selective profit-taking in smaller altcoins suggests a market rotation rather than broad weakness. Overall, the prevailing sentiment favors continued upside for LINK.