LINK Soars 8% in a Week as Aave Integrates Chainlink Price Feeds on Aptos – Bulls Eye $40

Highlights:

• Chainlink price has slipped 6% to $24 as its daily trading volume drops to 37%.
• Aave has integrated Chainlink Price feeds on Aptos, marking its first deployment on a non-EVM chain. 
• Bullish technical indicators signal a potential rally towards $40 soon.

The Chainlink price is down 6% to $24, as the crypto market remains in the red territory. The daily trading volume is notably down 37% to $1.77 billion, indicating a slight drop in market activity. Despite the drop, LINK boasts an 8% surge in the last week and 29% over the past month, signalling rising hype. 

Recently, the cooperation between Aave and Chainlink, as Aave implemented the Chainlink Price Feeds in the Aptos network. It is also the first application of Chainlink data oracle services to a non-EVM (Ethereum Virtual Machine) chain. This demonstrates the beginning of the larger expansion of decentralized applications outside of Ethereum.

We’re excited to see that @aave has integrated Chainlink Price Feeds on @Aptos—its first deployment on a non-EVM chain.

The Chainlink data standard powers Aave’s lending markets across the multi-chain ecosystem, driving mainstream DeFi adoption. https://t.co/kDnG4jNDJ0 pic.twitter.com/oD1LJmV64X

— Chainlink (@chainlink) August 21, 2025

The incorporation of Chainlink into the Aave lending platform on the Aptos blockchain expands the capabilities in the DeFi space, providing high-quality tamper-proof price feeds. The move by Aave to Layer 2 Aptos shows that the project is determined to extend the scope of its decentralized lending protocols to a variety of blockchain networks. The new partnership makes the DeFi system more flexible. As Chainlink continues expanding in the space, the security and reliability of DeFi services on Aptos and beyond are also likely to increase exponentially.

The latest partnership with Aave falls on top of the resilience that Chainlink has shown towards the overall cryptocurrency market. By the 21st of August, the Chainlink Reserve holds a total of 150,000 LINK. 

RESERVE UPDATE

Today, the Chainlink Reserve has accumulated 41,105.84 LINK.

As of August 21st, the Chainlink Reserve holds a total of 150,770.02 LINK.https://t.co/oxMv5N3rFC

The Chainlink Reserve is designed to support the long-term growth and sustainability of the Chainlink… pic.twitter.com/iqqw4FsF7Z

— Chainlink (@chainlink) August 21, 2025

This high level of reserves also demonstrates how Chainlink is keen to maintain long-term sustainability and growth to give a safety net that would bolster further growth and the expansion of the Chainlink network.

Chainlink Price Gears Up for More Upside

Based on the derivatives market data of LINK, there is an interesting trend. Nevertheless, given a drop in the trading volume and open interest by 36.26% and 11.04%, respectively, this market is relatively healthy. 

The 0.9153 long-to-short Ratio shows that more traders are gearing towards upward movement. Moreover, the long positions are in excess of the short positions. The Chainlink price chart paints a bullish picture. LINK is currently trading well within the confines of a rising parallel channel, at $24. The 50-day Simple Moving Average (SMA) at $18 and the 200-day SMA at $15 are trending upward, signaling strong momentum. If these key support zones hold, the LINK price could rally towards $27-$30 in the short term. 

The Relative Strength Index is at 58.80, not overbought yet. The MACD is also bullish. However, if the bulls lose stamina, a looming sell signal is on the horizon. In the meantime, traders are at liberty to buy more LINK tokens, which may push the price higher. 

What’s Next for LINK?

Looking ahead, if Chainlink price holds above the key support zones, we could see it test the $30-$32 high again. Intense bullish momentum could potentially push toward $35-$40 in the next week if the hype train keeps rolling. On the downside, if the bears step in, a drop towards $23-$21 safety net will be in line. In the long term, LINK’s recent reserve update could drive it past $40 by the end of September.