Chainlink Holds $11.39 After 38.3% August Rally
Chainlink (LINK)
Editor:
Eugene Serbin
cryptocurrency.com.tr reports that Chainlink price is consolidating near $11.39 following a 38.3% gain in August. The token is currently holding above its major EMAs while open interest remains elevated. Traders are now watching whether LINK can break the $12 resistance level.
How the market reacted
Whalio's own Binance spot order flow for LINK, measured when this story was written up on 1 September 2026. Not the outlet's figures.
Whalio spot data shows LINK trading at $11.33 with a 1-hour buy ratio of 49.8% and a 4-hour buy ratio of 49.1%. These short-term figures are slightly higher than the 24-hour buy ratio of 49.1%, indicating that buying pressure is holding steady rather than fading. The 24-hour volume delta is -$555,139, meaning sellers have been more aggressive than buyers over the last day. A negative volume delta signals that the market is experiencing net selling pressure, as the total value of sell orders exceeds that of buy orders.
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.
Twenty-four hours later
What LINK did over the 23 hours after the story broke. The market moves for its own reasons; this is what happened, not what the story caused.
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 7-day average buy ratio was 49.5%, compared to today's 49.1%, showing a slight decrease in buying intensity. Volume has been 1.16x the average, indicating higher-than-normal trading activity. The 8-day volume delta total is -$3,423,177, contrasting with the daily delta of -$555,139. This suggests that while today's selling is consistent with the week's trend, the volume is significantly above the norm. With only 2 of 7 days showing net buying, this is an unusual day for the coin relative to its recent weekly pattern.