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Chainlink wallets rebound to 2022 highs as LINK price shows mild bullish recovery above $7.

Protocol Fundamentals
09 Jun 2026
AMBCrypto
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Bullish
Chainlink wallets rebound to 2022 highs as LINK price shows mild bullish recovery above $7.

Chainlink's network has seen a notable rebound in wallet holdings, with wallets holding at least 1 LINK rising to 535,000, the highest since December 2022. Despite a weak crypto market, this growth signals strong adoption and accumulation by users. LINK's price has shown signs of recovery, climbing from below $7 to a local high of $8.10, supported by a bullish crossover in momentum indicators. However, the momentum remains fragile, and LINK must hold above short-term moving averages to sustain further gains, targeting $8.7 to $9 in the near term.

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