Chainlink's reserve has accumulated over 2.17 million LINK tokens, valued at more than $18 million, following the addition of 136,898 tokens. This strategic move aims to tighten the circulating supply, potentially impacting LINK's long-term value. Despite Chainlink's leadership in oracle protocols and strong institutional partnerships, its price has fallen from $30 to below $10, with the Relative Strength Index (RSI) indicating an oversold condition at 28.15. The weekly price chart shows LINK struggling against a long-term downward trendline, with recent lower highs suggesting a weak market structure. Although the price hovers above the $6-$8 support zone, a reversal is uncertain without reclaiming the mid-range near $10 and breaking the descending trendline. Chainlink's ongoing supply reduction and institutional collaborations with entities like SWIFT and Google Cloud highlight its resilience and potential for future growth.