Chainlink rallies 38% in August, mirrors 2024 pattern: Why it matters!

In August 2025, Chainlink (LINK) experienced a notable rally of 38.6%, reminiscent of movements noted in November 2024. As of now, the NVT ratio indicates LINK is undervalued, suggesting potential for further growth.

The rise in both new and active addresses highlights increasing interest in Chainlink, matching previous peak levels. Technical analysis identifies critical resistance levels at 24.88 USD and 29.26 USD, with bullish signals indicating possible upward momentum.

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