Overview

• Chainlink’s token slid to $15.68, its lowest level since late July, falling below the 61.8% retracement at $16.82 and touching its 50-day moving average.
• Whales boosted their LINK holdings by 13% in July, raising their total to 3.84 million tokens while exchange reserves declined to 276.9 million LINK.
• Eligible LINK stakers have until August 8 to claim 100 million Space and Time tokens, a deadline that could drive additional buying pressure.
• Elliott Wave analysis indicates a second-phase setup that could lift LINK toward approximately $25.60 if current support levels hold.
• The White House’s classification of oracles as critical infrastructure and ongoing policy dialogues reinforce Chainlink’s strategic role in U.S. digital asset oversight.