Chainlink breaks resistance at $11.277 amid mixed market
Chainlink (LINK)
Editor:
Eugene Serbin
cryptocurrency.com.tr reports that Chainlink (LINK) surged to $11.277, breaking its daily high of $11.269. This movement represents a 3% increase, highlighting a shift in trading momentum for the asset. The price action stands out against a broader cryptocurrency market characterized by mixed signals.
Traders are closely observing LINK's performance within the context of the wider altcoin sector. The breakout above the previous daily high suggests bullish sentiment is present. However, the overall market environment remains mixed, creating both opportunities and uncertainties.
Trading volume for the asset is currently thin, indicating that market participants are exercising caution. This activity coincides with a broader rotation among altcoins, which may be contributing to the upward momentum.
How the market reacted
Whalio's own Binance spot order flow for LINK, measured when this story was written up on 2 September 2026. Not the outlet's figures.
Whalio spot data shows LINK trading at $11.23, with buy ratios of 40.8% over 1 hour and 38.4% over 4 hours. These short-term figures are lower than the 48.5% buy ratio observed over the last 24 hours, indicating that buying pressure is fading. The volume delta is negative across all timeframes, with -$207,816 in the last hour and -$1,398,686 over four hours. This negative delta means that sell volume exceeded buy volume during these periods. Over the full day, the cumulative volume delta closed at -$3,015,528, confirming net selling pressure. Net buying occurred for only 6 of the 24 hours in the measured period.
The latest daily buy ratio of 49.4% sits at the 56th percentile of the last 322 days, against a median of 48.8% - ordinary for this coin.
Was that an ordinary day?
The same Binance spot measurements for LINK, averaged over the days leading up to the story.
Over the preceding week, the average buy ratio was 49.6%, compared to the 48.5% seen in the last 24 hours. The latest day shows a buy ratio 1.2 percentage points below this weekly average. Volume was 1.10 times the average, indicating higher than usual activity. Net buying was recorded for only 2 of the 7 days in the weekly period. The price changed by -0.5% over the eight-day window, with a total volume delta of -$3,025,019.