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Chainlink price rises 3.36% despite sharp drop in on-chain activity, with key support at $8.69 under watch.

Technical Signals
12 Aug 2026
AMBCrypto
View Source
Neutral
Chainlink price rises 3.36% despite sharp drop in on-chain activity, with key support at $8.69 under watch.

Chainlink's price increased by 3.36% even as its on-chain activity, including transaction count and user numbers, fell to the lowest levels this year. The price rally depends on continued spot demand and technical support, with key support at $8.69 crucial to maintain bullish momentum. A downside risk exists with a liquidity cluster near $8.10, which could attract price retracement if the $8.69 support fails. Buyers need to defend these levels to keep the uptrend intact.

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