Chainlink Price Analysis Tracks LINK Recovery Toward the $11.90 Resistance
Chainlink (LINK)
Editor:
Eugene Serbin
bitcoinethereumnews.com reports that Chainlink (LINK) is trading around $11.80 after a solid rally. The asset has entered a resistance zone near $11.90 following a lower $11 level. Charts show a strong daytime pullback followed by consolidation below the recent high.
BraveNewCoin data reveals a 6.35% surge over the last 24 hours with a daily range of $11.22 to $11.88. LINK opened at $11.08 before moving through $11.45 and $11.70. A subsequent pullback drove the price to $11.38 before it rallied back to $11.60.
The price is now steadily climbing toward $11.88 near the session high. Trading volume is recorded at $612.48 million with a market capitalization close to $8.81 billion. An X chart by Quinten Via shows an upward trend from $8.20 through $9.50 and $10.00.
The price consolidated between $11.50 and $11.80 before testing the strong resistance zone. Primary support sits at $11.50-$11.60 with deeper support at $11.30-$11.40. Bollinger Band sell signals are present as LINK trades near its recent high.
The Chaikin Money Flow reading is -0.19, indicating negative territory. Resistance is identified around $11.80-$11.90 with a potential next target at $12.00.
How the market reacted
Whalio's own Binance spot order flow for LINK, measured when this story was written up on 28 August 2026. Not the outlet's figures.
Whalio spot data shows LINK trading at $11.92, slightly above the reported resistance. The 1-hour buy ratio is 43.9% and the 4-hour buy ratio is 44.2%, both below the 52.7% seen over 24 hours. This indicates that buying pressure is fading in the shorter timeframes compared to the daily average. The 1-hour volume delta is -$88,376 and the 4-hour volume delta is -$715,934, showing net selling in the immediate term. The 24-hour volume delta is +$1,830,061, confirming net buying over the full day. The CVD closed at +$1,223,288, with net buying occurring in 14 of the last 24 hours. Spot volume reached $34,244,116 with 402,292 trades recorded. The buy ratio and volume delta measure the balance between buy and sell orders, with negative deltas indicating sellers are currently dominating the flow.
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 24 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 49.3%, making the latest day 3.4 points higher than average. This suggests the current day is slightly more bullish than the weekly norm. Volume was 0.66x the average, indicating lower participation than usual. Only 1 of the 7 days showed net buying, contrasting with the 14 days of net buying in the last 24 hours. The price increased by 11.5% over 8 days with a total volume delta of +$1,604,958. This context highlights that while the immediate flow is mixed, the weekly trend remains positive despite lower volume.