The analyst reviews Chainlink (LINKUSDT) after a vacation, noting its strength and recent reserve activity with $3.7 million allocated and 150,000 LINK tokens held. Technically, LINK is in an uptrend, making higher highs on the daily timeframe. There's a bearish divergence with the RSI, but high volume suggests continued momentum. LINK is holding the 7-day rolling VWAP, but faces fundamental pressure due to an upcoming speech by Jerome Powell. A major resistance level is present, which previously caused downward pressure in January and December. The most likely scenario is consolidation, with LINK potentially dropping to $23 and then to $21 to $20.50 before finding support and stability. A rate cut in September could change this outlook, potentially pushing LINK towards $30. A conservative view on the general market is maintained with the caveat that the outcome largely depends on market reactions to the news and overall market movement.