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Chainlink (LINK) nears $10 amid bullish signals and rising institutional demand.

Market News
19 Aug 2026
Blockonomi
View Source
Bullish
Chainlink (LINK) nears $10 amid bullish signals and rising institutional demand.

Chainlink (LINK) is trading around $9.49 with a 1.31% gain and a $7.1 billion market cap, showing signs of a bullish pennant pattern that could push prices toward $10. Institutional interest is growing, highlighted by Bitwise's acquisition of 171,870 LINK tokens worth $1.7 million and consecutive inflows into Chainlink ETFs totaling over $3.5 million. Open interest in LINK futures has reached about 29 million tokens, the highest since a major market drop in October, signaling increased trader confidence. Technical indicators and positive funding rates suggest a potential end to a multi-year downtrend, making LINK a token to watch for further upward momentum.

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