Chainlink Celebrates 7th Anniversary with 7 New Integrations

Written by Ohris M. Greyoon, Blockchain & Crypto Expert

Source: Coinmarketcap

Updated: Jun 01 2026

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Seventh Anniversary Celebration: Chainlink, launched on May 30, 2019, has become the world's largest oracle network, processing $30 trillion in on-chain messages, underscoring its leadership in blockchain data processing.
New Integrations Launched: During its seventh anniversary celebration, Chainlink added seven new integrations, including Tenbin Labs and Kraken's Ink blockchain, which will further enhance its influence in the decentralized finance (DeFi) sector.
LINK Reserves Decline: According to a report by CryptoQuant, LINK reserves on exchanges have been steadily declining since early 2024, even as the price has remained between $8.99 and $9.7 over the past two weeks, indicating tight market supply and demand.
Market Concentration Issues: The report highlights that Binance controls 66.4% of LINK reserves on exchanges, approximately 85.1 million LINK, which means Binance plays a critical role in setting the supply dynamics for LINK, influencing overall market behavior.

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Technical Analysis for LINK

Technical Sentiment Analysis for Chainlink (LINK). As of , Chainlink (LINK) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 5 technical signals, shows that 2 indicators are flashing buy, while 3 are indicating sell.

Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for LINK stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.

Support, Resistance & Moving Averages. From a structural perspective, LINK is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.

Chainlink (LINK) Support & Resistance Level

Name	S3	S2	S1	Pivot Points	R1	R2	R3
Classic	6.341	6.911	7.46	8.03	8.579	9.149	9.698
Fibonacci	6.911	7.338	7.602	8.03	8.457	8.721	9.149

About LINK

Founded in 2017, Chainlink is a blockchain abstraction layer that enables universally connected smart contracts. Through a decentralized oracle network, Chainlink allows blockchains to securely interact with external data feeds, events and payment methods, providing the critical off-chain information needed by complex smart contracts to become the dominant form of digital agreement.The Chainlink Network is driven by a large open-source community of data providers, node operators, smart contract developers, researchers, security auditors and more. The company focuses on ensuring that decentralized participation is guaranteed for all node operators and users looking to contribute to the network.To learn more about this project, check out our deep dive of Chainlink.

About the author

Ohris M. Greyoon

Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.

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