* LINK is consolidating near $8.40, with the $8.40-$8.65 zone acting as the key breakout level.
* Active addresses and transfers have declined sharply, creating a bearish divergence against a relatively stable LINK price.
* DTCC’s planned Q4 2026 launch and continued whale accumulation are supporting the longer-term bullish outlook for Chainlink.
Chainlink is getting close to a level that could decide where the next big move comes from. After losing more than 71% from the late-2025 high near $28.69, the LINK price has settled around $8.40, and that is where the market is starting to focus.
We took a look at the LINK charts, and the short-term setup is getting tighter. On the daily chart, LINK is trading only about 2.9% below the 100-day moving average at $8.654, and the daily RSI has recovered to 52.8, which is a noticeable improvement from the weaker readings earlier this year.
The shorter timeframe is not as strong. On the 4-hour chart, the LINK price is trading almost directly on the 100-period SMA near $8.40, and the RSI is around 46.3. That tells us buyers have not fully taken control yet.
The on-chain data is the part that makes the picture less straightforward. Daily active addresses have fallen from about 4,200 to 2,600, a drop of roughly 38%, and daily transfers have fallen from around 9,500 to 4,000, a decline of nearly 58%. What stands out is that the LINK price has stayed relatively stable despite that slowdown in network activity.
The key level is $8.50. If buyers can push the LINK price above that level and then reclaim the daily moving average near $8.654, the next area traders will watch is the $9-$10 zone. If support fails instead, attention shifts back to $8.29, $8.00, and then $7.50.
For a near-term target, CoinCodex’s 1-month forecast points to $9.88, which would represent moderate upside from current levels if LINK can finally break through the $8.65-$9.00 resistance area.
* Active addresses and transfers have declined sharply, creating a bearish divergence against a relatively stable LINK price.
* DTCC’s planned Q4 2026 launch and continued whale accumulation are supporting the longer-term bullish outlook for Chainlink.
Chainlink is getting close to a level that could decide where the next big move comes from. After losing more than 71% from the late-2025 high near $28.69, the LINK price has settled around $8.40, and that is where the market is starting to focus.
We took a look at the LINK charts, and the short-term setup is getting tighter. On the daily chart, LINK is trading only about 2.9% below the 100-day moving average at $8.654, and the daily RSI has recovered to 52.8, which is a noticeable improvement from the weaker readings earlier this year.
The shorter timeframe is not as strong. On the 4-hour chart, the LINK price is trading almost directly on the 100-period SMA near $8.40, and the RSI is around 46.3. That tells us buyers have not fully taken control yet.
The on-chain data is the part that makes the picture less straightforward. Daily active addresses have fallen from about 4,200 to 2,600, a drop of roughly 38%, and daily transfers have fallen from around 9,500 to 4,000, a decline of nearly 58%. What stands out is that the LINK price has stayed relatively stable despite that slowdown in network activity.
The key level is $8.50. If buyers can push the LINK price above that level and then reclaim the daily moving average near $8.654, the next area traders will watch is the $9-$10 zone. If support fails instead, attention shifts back to $8.29, $8.00, and then $7.50.
For a near-term target, CoinCodex’s 1-month forecast points to $9.88, which would represent moderate upside from current levels if LINK can finally break through the $8.65-$9.00 resistance area.
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منشورات ذات صلة
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.