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Chainlink (LINK) jumps 4% on whale activity spike and breaks key downtrend, eyeing $10.87 and $12.20 resistance levels

Technical Signals
13 Aug 2026
Blockonomi
View Source
Bullish
pluang ai news

Chainlink (LINK) surged 4% to $8.74, gaining about 7% over the past week, driven by a five-month high in large whale transactions exceeding $100,000. Whales now hold 46.57% of LINK’s supply, signaling strong accumulation ahead of potential price moves. LINK broke a long-term downtrend on August 11 and is targeting resistance at $10.87 and $12.20, with technical indicators and derivatives market activity supporting continued momentum. Analysts see LINK as undervalued with solid fundamentals and a promising outlook, backed by a $200 price target from Standard Chartered by 2030.

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