Chainlink Records Its Biggest Network Growth of 2026
- Network Growth Surge: Chainlink recorded its two highest wallet creation days in 2026, adding 6,182 new wallets on June 25 and 26, indicating new user interest despite low prices, potentially setting the stage for a price rebound.
- Weak Market Performance: Despite the surge in network activity, LINK's price has dropped from $12.19 at the start of the year to $7.36, a decline of 39.62%, with market capitalization falling from $8.63 billion to $5.35 billion, reflecting investor caution.
- Technical Indicator Analysis: The short-term moving averages for LINK remain below the 200-day average, indicating seller dominance, while the MACD shows reduced momentum and the RSI is nearing oversold territory, suggesting a potential for rebound.
- Future Price Predictions: If network growth continues, LINK could recover to the $10 to $12 range, with a bullish scenario reaching $18 to $20 if institutional adoption accelerates and the market stabilizes, but a decline to $4 to $5 is possible if activity wanes.
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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 6 technical signals, shows that 3 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 | 5.923 | 6.466 | 7.068 | 7.611 | 8.213 | 8.756 | 9.358 |
| Fibonacci | 6.466 | 6.904 | 7.174 | 7.611 | 8.049 | 8.319 | 8.756 |
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