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Chainlink's LINK Token Surges 14.7% as Resistance is Broken

Guavy AI Editorial Team Published August 17, 2026

Instruments

LINK

Chainlink's LINK token has surged 14.7% this week, breaking above $8.90 resistance and reaching $9.60 before settling near $9.43.

A large holder moved nearly 1 million LINK tokens to Coinbase after accumulating 2.41 million LINK, signaling potential selling pressure.

Open interest in LINK futures rose to about $690 million, indicating leverage-driven buying.

Chainlink is also set to participate in a White House meeting on August 19 with other crypto firms, which may influence market sentiment.

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