LINK/USDT · 1D · 8 Nov 2026
Chainlink (LINK) price analysis — daily chart
Chainlink (LINK) is at 10.72 on the 1D chart. The setup is still clearly bullish while LINK holds over 9.336: the falling wedge resolved higher — but it is being tested.
Capitulation to 10.26 on Oct 30, now a base between 10.26 and 11.94, price in the lower third
The read
The setup is still clearly bullish while LINK holds over 9.336: the falling wedge resolved higher — but it is being tested.
Backing it: the weekly chart is up.
Price is under the 50-day average (12.59). It is over the 200-day average (10.08).
The last 5 days are down 2.6%, nearly every high lower than the one before.
Price is 10.2% under 11.94, the high of the first rebound, and 4.5% over 10.26, the panic-selling low.
The first warning would come earlier: a daily close under 10.26, the nearest swing low, 4.5% away.
What kills the setup: a daily close under 9.336, 14.8% away.
Why
For it: RSI and OBV show a bullish divergence across three swings: price set a lower low that momentum did not confirm.
Against it: price is under the 50-day average (12.59); the last 5 days are down 2.6%; price is under the average price buyers have paid since the 7.793 low, 11.57, so those buyers are losing money.
If-then
While LINK holds over 9.336 the setup stays bullish; 11.94 is the next line it has to clear.
A 1D close above 11.94 clears the top of the base; the next level up is 12.61.
A 1D close below 9.336 ends the falling wedge broke up; no tested level below it on this chart — the next round number is 9.000.
Key levels
10.26 is the floor — the low this range was set by; price has not come back to it since.
11.94 is the ceiling — the high this range was set by; price has not come back to it since.
The full picture
On Oct 30 sellers flushed LINK to 10.26, 31% under its 30-day high, on 4.7× normal volume — a selling climax. The bounce that followed ran to 11.94; sellers came back to test the low at 10.50 on lighter volume. Since then, LINK has been building a base inside that swing.
Price is in the lower third of the 10.26–11.94 range.
The weekly picture: a recovery off the cycle low, 80% under the all-time high; on the daily, price is above the 200-day average (10.08), and the 50-day average is above the 200-day average. The daily has no trend of its own.
Against BTC: over the last 5 daily candles LINK moved -2.6% and BTC -1.2% — LINK is the weaker chart. Off the panic-selling lows, LINK is up 5% and BTC -4% — LINK has bounced harder.
The trend has been the buyers': the weekly chart is up. The indicators pull both ways: RSI and OBV show a bullish divergence across three swings — price set a lower low that momentum did not confirm; but price is under the average price buyers have paid since the 7.793 low, 11.57, so those buyers are losing money.
The trend is weak — ADX 24, under the 25 where a trend is real, with sellers ahead (−DI 21, +DI 15).
Key levels
| Level | Price | From price | Role |
|---|
| Swing high | 14.8 | +38.2% | swing, read |
| Swing high | 12.59 | +17.7% | swing, read |
| 2-TF resistance | 12.05 | +12.4% | confluent, golden pocket |
| Read ceiling | 11.94 | +11.4% | read edge |
| Golden pocket | 11.30 | +5.4% | golden pocket, fib |
| Fib retracement | 11.15 | +4.0% | fib |
| Prior day high | 10.96 | +2.3% | calendar, fib |
| Order block | 10.83 | +1.1% | order block, calendar |
| 3-TF support | 10.65 | -0.7% | confluent, sr |
Updated 8 Nov 2026. Run a live Chainlink read →
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