Chainlink: Buys Back $1.12M LINK for Reserve

Chainlink executed another buyback of 127.74K $LINK for $1.12M and moved the tokens into its reserve wallet, lifting total holdings to 5.48M $LINK valued at $48.5M with an average acquisition price of $11.14. The move arrives as LINK trades at $8.97 on the 4h chart inside a bullish trend structure supported by EMA50 at $8.56 and EMA200 at $8.27, while MACD registers a golden cross at 0.12 and price tests the upper Bollinger Band resistance at $8.96 with RSI at 68.04 still neutral. Senior desks note that sustained pressure against the upper band often precedes a measured pullback toward the 50-EMA support before any continuation higher, a setup that could shape near-term LINK price prediction models. Over the past year reserve accumulation has coincided with steady institutional inflows into oracle infrastructure, tightening available supply and reinforcing the current macro-technical narrative.