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Chainlink hits 900K holders – LINK’s rally to $9 is possible ONLY IF…

Chainlink hits 900K holders – LINK’s rally to $9 is possible ONLY IF…

CryptoNewsNetCryptoNewsNet2026/07/14 12:06
By:CryptoNewsNet
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Chainlink hits 900K holders – LINK’s rally to $9 is possible ONLY IF…

Chainlink hits 900K holders – LINK’s rally to $9 is possible ONLY IF… image 0  ambcrypto.com 18 m
Chainlink hits 900K holders – LINK’s rally to $9 is possible ONLY IF… image 1

Chainlink reached a historic milestone after the number of non-empty Ethereum wallets holding $LINK climbed to 900,000 for the first time.

The network also added more than 20,000 new holders over the past month despite persistent weakness across the broader altcoin market. The trend reflected growing long-term confidence rather than speculative buying.

Investors continued accumulating $LINK while prices remained well below previous highs, indicating that conviction stayed intact during an uncertain period.

The expanding holder base also reinforced Chainlink’s position as a leading infrastructure protocol supporting decentralized finance, tokenized assets, and cross-chain communication.

Although adoption alone did not trigger an immediate rally, it strengthened the project’s long-term fundamentals.

Chainlink hits 900K holders – LINK’s rally to $9 is possible ONLY IF… image 2 Source: Santiment/X

Selling pressure lingered beneath rising adoption

Despite the record increase in wallet holders, derivatives traders maintained a cautious stance.

The 90-day Futures Taker Cumulative Volume Delta (CVD) remained seller-dominant, showing that aggressive market sell orders continued outweighing market buys.

That divergence highlighted the contrast between long-term accumulation and short-term trading behavior.

Long-term investors had continued increasing exposure while leveraged traders remained reluctant to chase higher prices.

Such positioning suggested many participants still expected additional consolidation before any sustained recovery emerged.

Even so, the persistent seller dominance failed to erase the steady growth in Chainlink’s holder count.

Instead, it showed that underlying adoption continued improving independently of futures sentiment.

Until buyers regain control of taker activity, leveraged markets would likely continue limiting $LINK’s ability to produce a stronger breakout.

Chainlink hits 900K holders – LINK’s rally to $9 is possible ONLY IF… image 3 Source: CryptoQuant

$LINK stalls below resistance as buyers rebuilt strength

At the time of analysis, Chainlink [$LINK] traded around $7.96 after recovering from the $7.00 support established earlier this month.

Price remained below the key $8.18 resistance, leaving bulls with another barrier before any broader recovery could develop.

The Relative Strength Index (RSI) climbed to 52.51, while its moving average stood near 50.44.

Those readings showed buying strength had improved from the oversold conditions recorded in June.

Even so, the indicator remained close to the neutral zone instead of entering overbought territory.

This structure suggested buyers had regained control gradually rather than aggressively.

Price also continued printing higher lows following its rebound from support, indicating demand had strengthened during recent sessions.

If $LINK clear $8.18, buyers could challenge the psychological $9.00 resistance.

Failure to reclaim that level could keep the asset trading within its current consolidation range.

Chainlink hits 900K holders – LINK’s rally to $9 is possible ONLY IF… image 4 Source: TradingView

Where could $LINK’s next volatility emerge?

The Binance Liquidation Heatmap revealed several dense liquidity clusters positioned above the current price.

The strongest concentration appeared around the $8.00 to $8.30 region, with additional liquidity extending toward $8.31.

Those areas often attracted price because liquidations accumulated where leveraged positions became vulnerable.

Beneath the market, another notable liquidity pocket formed near $7.75, creating an important downside magnet if sellers regained control.

$LINK traded between those opposing zones, leaving the market balanced before its next decisive move.

Traders would likely monitor both regions closely because price frequently gravitated toward larger liquidity pools.

A move above $8.00 could trigger short liquidations and accelerate buying activity. On the other hand, losing $7.75 could expose the token to another round of downside pressure.

Chainlink hits 900K holders – LINK’s rally to $9 is possible ONLY IF… image 5 Source: CoinGlass

Ultimately, Chainlink’s record holder growth strengthened its long-term outlook, even though derivatives traders remained defensive.

If buyers reclaim $8.18 and absorb persistent selling pressure, the expanding adoption trend could begin supporting a stronger price recovery.

Final Summary

  • Chainlink adoption kept growing despite cautious futures traders maintaining seller-dominant positioning across the market.
  • $LINK held above key support while buyers attempted to reclaim resistance near the $8.18 level.
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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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