Chainlink price prediction: wallet growth surges, technicals stay bearish
Chainlink (LINK) is showing a rare divergence between accelerating on-chain activity and weak price action, shaping this Chainlink price prediction.
At press time, LINK trades around $7.30 (+0.3% in 24h). However, the broader trend remains soft: -8.7% (7d), -20.3% (30d), and -45.8% (1y).
On-chain, the network added 6,182 new wallet addresses in two days—its strongest two-day growth of 2026 (3,142 new wallets on June 25; 3,040 on June 26). The surge is notable because it arrived while LINK hovered near multi-month lows rather than during a rally. The article also notes Chainlink TVL remains about $28.841B, suggesting usage resilience despite selling pressure.
Still, the Chainlink price prediction based on technicals remains cautious: LINK is below the 10/20/50/100/200-day EMAs, with all major moving averages acting as resistance. On momentum, the 14-day RSI is 32.21 (near oversold), while the weekly RSI is 33.23, implying bearish momentum has eased slightly but the trend is not clearly bullish.
Key levels: support at $7.02 (a close below weakens the base and may open further downside). Resistance to watch at $8.31 (a confirmed close above would improve the outlook and could target ~$9.19). A double-bottom scenario is mentioned if support holds and a breakout follows.
Overall, the on-chain improvement is a positive narrative, but the market structure and EMAs keep the bias bearish in the near term, per this Chainlink price prediction.
Bearish
The article highlights strong Chainlink on-chain activity (6,182 new wallets in two days and TVL near $28.841B), but the trading thesis is still bearish because price is structurally weak. LINK is below every key EMA (10/20/50/100/200), meaning resistance overhead is broad and the longer-term trend has not flipped bullish. Even with RSI near—but not deeply into—oversold (14d ~32, weekly ~33), momentum is not decisive enough to offset the unfavorable trend structure.
This setup often resembles past “bullish fundamentals vs bearish chart” episodes: wallet/user growth can improve sentiment and eventually attract buyers, but in the short term traders typically wait for a confirmed reclaim of resistance (here, $8.31) before turning risk-on. Therefore, near-term price action is likely to remain range-bound-to-down unless LINK closes above resistance and starts reclaiming EMAs. Longer term, sustained on-chain expansion could support recovery, but traders will still require technical confirmation to validate a durable trend change.