Chainlink token steadies in $8 range as ecosystem activity surges

Chainlink’s native token, LINK, traded in a narrow band between $8.08 and $8.23 over the past 24 hours, with the $8.20 level acting as key resistance. Trading volume approached $143 million and technical indicators such as the MACD and RSI suggest continued bearish pressure, keeping support near $8.00 and $7.65.

During the same period, the Chainlink network reported strong growth: total value secured reached $110 billion, more than $7 billion was migrated using its Cross‑Chain Interoperability Protocol (CCIP), and the LINK reserve expanded to over 5.2 million tokens after adding 706,809 LINK in July. These figures point to increasing usage of the oracle infrastructure beyond speculative trading.