Chainlink Don Reach 7-Month High as Whale Dem Dey Buy, Dem Dey Target $29

Chainlink (LINK) increase over 15% dis week, break pass di $20–21 and $25–26 resistance zones. Di rally get strong trading volume and e move pass di 200-day moving average, push LINK go di seven-month high around $24.20–$25. Di big holders dem add 1.1 million LINK (≈$27 m) for seven days, and top 100 wallets increase their stakes by more than 12%. On-chain metrics confirm say demand strong, with 9,600 new addresses and 9,800 daily transfers for mid-August. Di Chainlink Reserve smart treasury launch dey put deflationary pressure on supply. Chainlink expansion to real-world assets (RWA) through new ETF and equities data feeds, plus partnership with ICE and SWIFT, dey strengthen institution level oracle services. Analysts dey target $29–$30 as di next resistance, mid-term levels dey $33–$38 and long-term potential pass $57. Traders also talk say e fit go higher if Bitcoin (BTC) hold above $115,000, but e fit fall back to $20 as altcoins dey weak.