Chainlink Price Rally Accelerates - Can Bulls Flip $12 Into Support?
Chainlink (LINK)
Editor:
Eugene Serbin
cryptocurrency.com.tr reports that Chainlink’s price structure shows a stronger setup as institutional adoption, network utility and bullish price action converge. The token has recovered from the $7–$8 region and broken above a multi-month downtrend, while Chainlink’s latest expansion into institutional payments adds a fresh fundamental catalyst. With LINK now trading near $12, the breakout has moved into a phase where bulls aim to flip that level into support.
How the market reacted
Whalio's own Binance spot order flow for LINK, measured when this story was written up on 5 September 2026. Not the outlet's figures.
Whalio spot data shows LINK trading at $11.63 with a 1-hour buy ratio of 56.2% and a 4-hour buy ratio of 54.4%, indicating that buying pressure is currently building on shorter timeframes. This contrasts with the 24-hour buy ratio of 48.7%, suggesting that the recent surge in buying is a newer development rather than a sustained trend over the full day. Positive volume deltas of +$88,071 (1h) and +$298,177 (4h) show that buyers are actively absorbing sell orders in the short term. However, the negative 24-hour volume delta of -$777,052 indicates that over the longer period, sellers have dominated the flow despite the recent shift. The cumulative volume delta (CVD) closed at +$1,373,477, and net buying occurred in 19 of the last 24 hours, highlighting a recent but incomplete shift in momentum.
The latest daily buy ratio of 48.8% sits at the 49th percentile of the last 281 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 48.8%, making the current 24-hour ratio of 48.7% nearly identical to the weekly norm. The 24-hour spot volume of $32,541,414 represents 1.22x the average, marking this as a day of unusually high activity compared to the standard week. While the 8-day price change was a modest +1.7%, the 8-day total volume delta was -$5,516,192, showing that the recent short-term buying has not yet reversed the broader weekly selling pressure. Only 2 of the past 7 days saw net buying, indicating that this recent uptick is an isolated event rather than a consistent weekly pattern.