TLDR
- Chainlink partners with Intercontinental Exchange (ICE) to bring trusted forex and precious metals data on-chain
- LINK price breaks through Fibonacci levels with next target at $30.55
- Trading volume surges 7.73% to $6.35 billion with open interest up 15% to $1.75 billion
- Technical indicators show bullish momentum with RSI at 65 and MACD remaining positive
- New addresses growing by 3,000 daily, marking five-month high in network participation
Chainlink has formed a partnership with Intercontinental Exchange to deliver on-chain market data. The collaboration aims to provide forex and precious metals information through blockchain networks.
ICE serves as the parent company of the New York Stock Exchange. The exchange provides financial data used by banks and asset managers globally.
The partnership integrates ICE’s Consolidated Feed with Chainlink’s infrastructure. This combination brings transparency and expertise to blockchain networks according to company statements.
We’re excited to announce that Intercontinental Exchange (@ICE_Markets) and Chainlink are collaborating to allow Chainlink to now bring high-quality derived forex and precious metals data onchain.https://t.co/hchILh0073
ICE is a global financial powerhouse that operates… pic.twitter.com/Tw4BdtCxDC
— Chainlink (@chainlink) August 11, 2025
ICE Vice President Maurisa Baumann said the collaboration will deliver structured multi-asset class data to on-chain markets. She emphasized that making quality financial information widely available supports blockchain economy development.
The tokenization of real-world assets market could reach $30.1 trillion according to industry estimates. This growth potential positions institutions to expand into digital asset markets.
Chainlink Data Streams will receive support from ICE alongside other data providers. The service targets both established institutions and Web3 developers with real-time market information.
Technical Analysis Points to $30.55 Target
Fibonacci retracement analysis shows immediate support at $25.40. The next resistance level sits at $26.72 with $24.70 providing downside support.
The Volume Weighted Average Price (VWAP) holds at $25.43 following institutional buying activity. LINK’s uptrend began in July and has maintained momentum through August.
Bulls need to hold above $25.40 to maintain the current trajectory. A break above $26.70 could open the path toward the $30.55 Fibonacci extension target.
The MACD indicator displays positive momentum with the blue line above the signal line. The Relative Strength Index stands at 65, indicating room for further upside movement.
Chainlink Price Prediction
Open interest in LINK derivatives has reached $1.75 billion. This represents a 15% increase over recent trading sessions as capital flows into futures contracts.
Trading volume climbed 7.73% to $6.35 billion across exchanges. Higher volume creates market depth and reduces slippage for large transactions.
Network activity shows 3,000 new addresses joining daily. This marks the highest growth rate in five months according to on-chain data.
The current price stands at $26.10 with an 11% gain over 24 hours. Strong buying pressure supports the upward movement in LINK tokens.
Exchange liquidation data reveals major levels at $24.29 on the downside and $26.69 on the upside. Long positions total $48.53 million while short positions amount to $13.18 million.
However, $18.01 million worth of LINK tokens moved to exchanges recently. This inflow could indicate potential selling pressure ahead.
