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Chainlink price rallies from $9 to $15.50 without typical exchange reserve spikes, signaling unique market behavior.

Technical Signals
03 Oct 2026
Blockonomi
View Source
Bullish
Chainlink price rallies from $9 to $15.50 without typical exchange reserve spikes, signaling unique market behavior.

Chainlink (LINK) broke out of a seven-month trading range between $7 and $10 in September, rallying from around $9 to a peak above $15.50 before pulling back slightly. Unlike previous rallies, this price surge was not accompanied by a sharp increase in exchange reserves, which remained flat near 124 million LINK, close to a multi-year low and well below the early 2024 peak of 190 million. Analyst R3N notes that past rallies usually saw reserve spikes indicating coins moving to exchanges before selling, but this recent move suggests less fresh supply hitting exchanges. The analyst is monitoring whether reserves spike again if LINK approaches its recent highs, as this could signal potential selling pressure ahead.

Chainlink (LINK) is trading at Rp252.177 on Pluang, showing a 1-day gain of 2.31%. The market cap stands at Rp188.52 trillion with a 24-hour volume of Rp4.34 trillion. These figures are current as of Oct 04, 2026 07:02 WIB.

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