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Chainlink's LINK token rebounds above $13 as large holders increase their share of supply.

Technical Signals
12 Oct 2026
Tokenpost
View Source
Bullish
Chainlink's LINK token rebounds above $13 as large holders increase their share of supply.

Chainlink's LINK token recovered to about $13.34 on October 12 after dipping to $12.09 the previous week. Notably, wallets holding between 1 million and 100 million LINK increased their share of the circulating supply to 65.6% from 65.38% on October 1, indicating growing confidence among large holders. Technical analysis shows key resistance near $13.50, with potential upside targets at $13.93, $15.77, and $16.77, while downside support levels are at $12.95, $12.30, and $12.09. A break above resistance could signal further gains for LINK in the near term.

Chainlink's LINK token on Pluang trades at Rp239,547 as of Oct 12, 2026, 13:51 WIB, showing a 4.27% gain over the past day. This price sits well within its circulating supply of 748.1 million LINK, which is 75% of the total 1 billion LINK available. The strong buy interest, with 97% of orders on Pluang favoring purchases and a typical hold time of 63 days, contrasts with the token's recent resistance near $13.50 noted in the article, highlighting active investor engagement at current levels.

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