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Chainlink price jumps 8.2% amid record holder growth and rising trading volumes.

Technical Signals
16 Aug 2026, 01:05 WIB
Blockonomi
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Bullish
Chainlink price jumps 8.2% amid record holder growth and rising trading volumes.

Chainlink's price surged 8.2% to $9.47, driven by a 115% increase in daily spot volume and a 140% rise in derivatives turnover, signaling strong market interest. The number of LINK holders hit a record 3.96 million, with active addresses doubling, indicating broader participation. Analyst Michaël van de Poppe advises caution, suggesting entry points below $9.20 or $8.60, with resistance near $10.87 and a target around $11. The price faces key resistance levels, and futures open interest growth shows increased leverage and liquidity, but also higher liquidation risk. Market watchers will focus on Bitcoin's movement and LINK's ability to break resistance for the next directional move.

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