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Chainlink (LINK) jumps 15% in a week, breaking key resistance with strong trading and whale activity.

Market News
17 Aug 2026
Blockonomi
View Source
Bullish
pluang ai news

Chainlink (LINK) surged 15% over the past week, breaking through the $9.04 resistance to reach $9.56, supported by a 123% spike in trading volume and a 16% rise in derivatives open interest. Large transactions hit a five-month high, with major holders now controlling 46.57% of circulating supply, signaling strong institutional interest. Bitwise’s Chainlink ETF attracted $1.5 million in net inflows, reflecting growing investor confidence in Chainlink’s role in decentralized finance. Technical analysts set a $20 price target, with key resistance levels at $10, $10.50, and $11, though the token may face short-term consolidation after entering overbought territory.

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