Chainlink new wallets surged to 2,995 on August 18 as LINK hit $25.79, signaling rising on-chain adoption and testing the multi-year resistance at $25–$26; sustained volume and daily wallet growth above 2,000 would confirm a potential breakout toward $40–50.
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2,995 new daily wallets on August 18, highest since March.
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LINK tested $25–$26 multi-year resistance; volume confirmation is required for a valid breakout.
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Key supports: $15–$17 initial, $8.20 long-term; watch daily wallets >2,000 and rising volume for momentum.
Chainlink new wallets spike to 2,995 as LINK price hits $25.79 — monitor volume and wallet growth to confirm breakout; read on for levels and implications.
By COINOTAG — Published: 2025-08-18 — Updated: 2025-08-18
What caused Chainlink’s spike in new wallets and how does it affect LINK price?
Chainlink new wallets jumped to 2,995 on August 18, aligning with LINK’s rise to $25.79 and indicating increased user adoption. Higher wallet creation typically precedes price strength, but confirmation requires rising trading volume and sustained daily wallet counts above 2,000.
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How does on-chain wallet growth compare to prior breakouts?
On-chain activity now exceeds levels seen in April–May when daily address creation ranged from 800–1,600 while LINK traded between $10–$15. By mid-July, wallets rose to ~2,000 as LINK moved past $15. The recent spike near 3,000 wallets coincides with the $25.79 price, mirroring patterns observed before earlier momentum phases.
Chainlink recorded 2,995 new daily wallet addresses on August 18, the highest single-day increase since March. The uptick in wallet activity aligned with LINK’s price reaching $25.79, marking a major step in the token’s rally. Increased address creation signals higher user engagement and is often read as a precursor to price acceleration.
LINK tested a technical resistance band between $25 and $26. This zone traces to a descending trendline formed after the 2021 peak. The current approach is the closest LINK has come to this range in over two years. Traders will watch for a decisive close above $28 with accompanying volume to validate any breakout attempt toward $40–$50.
How likely is a breakout above $26 for LINK?
Probability hinges on two confirmations: rising daily wallet creation and increased trading volume. If wallets remain above 2,000 and volume expands, the breakout probability improves. Without volume confirmation, price may face rejection and retreat to identified support zones.
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On-chain activity mirrors previous breakouts
From April through May, daily address creation hovered between 800 and 1,600 while LINK traded roughly $10–$15. Growth to ~2,000 wallets in July accompanied a move above $15. The jump toward 3,000 wallets at $25.79 suggests expanding user interest and confidence in the asset’s fundamentals.
Source: TradingViewWhat downside levels should traders monitor if LINK is rejected?
If LINK fails to hold above the $25–$26 band, initial support sits at $15–$17, the July breakout base. A deeper correction could test long-term structural support near $8.20 formed during the 2022–2023 consolidation. Position sizing and stop placement are essential given potential volatility.
The present momentum is driven by measurable adoption: rising wallet creation and improving on-chain metrics. Volume confirmation remains crucial. Analysts emphasize that sustained daily wallet growth and expanding transaction volume will determine whether LINK can convert the test at $25–$26 into a sustained breakout.
Frequently Asked Questions
How many new Chainlink wallets were created on August 18?
Chainlink recorded 2,995 new daily wallets on August 18, the highest single-day increase since March. This surge coincided with LINK reaching $25.79, suggesting a correlation between user onboarding and price momentum.
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Analysts project a potential move toward $40–$50 if LINK confirms a breakout with rising volume and continued wallet growth. Confirmation typically requires sustained closes above $28 and measurable increases in trading activity.
Primary support is $15–$17, followed by longer-term structural support at $8.20. These levels were established during recent consolidation and the July breakout base.
Chainlink new wallets and LINK price action point to expanding adoption and a pivotal test at $25–$26. LINK price needs volume-backed confirmation to pursue $40–$50. Monitor wallet creation, trading volume, and the $15–$17 support band for risk management. For ongoing coverage, check COINOTAG updates.
Source: https://en.coinotag.com/chainlink-records-nearly-3000-new-wallets-as-link-tests-25-26-resistance-may-target-40-50/
