Chainlink Price Prediction: Will 900K Holders and an Aave Integration Push LINK Above $8.60?
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Chainlink's on-chain adoption strengthened as Ethereum holders reached a record 900,000 wallets (20,000 added in the past month) and Aave designated Chainlink CCIP as its default cross-chain infrastructure, marking a major DeFi integration and adoption milestone. On July 15 LINK traded at $8.36 after reclaiming the 20- and 50-day EMAs for the first time since May and pressing the 100-day EMA at $8.627; a bullish RSI divergence and rising open interest have driven heavy short liquidations of $292,460 versus $14,100 for longs, indicating derivatives-driven upside pressure on token performance.
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- Chainlink holders on Ethereum reached a record 900K wallets, with 20K+ added in the past month alone
- Aave designated Chainlink CCIP as the default infrastructure for all cross-chain operations across its entire ecosystem
- Short liquidations hit $292.46K over 24 hours against just $14.10K for longs, a heavy squeeze on bearish positioning
Chainlink trades at $8.360 on July 15, up 0.23%, after reclaiming both its 20-day and 50-day EMAs for the first time since May. A bullish RSI divergence that printed in early July is following through, and the derivatives market is actively squeezing shorts as open interest rises alongside price.
LINK Just Reclaimed Two Key EMAs
The daily chart shows LINK clearing both the 20-day EMA at $7.918 and the 50-day at $8.116, with price now pressing against the 100-day EMA at $8.627 and a des…
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