Chainlink recorded its two strongest network growth days of 2026 as fresh user participation accelerated despite subdued price action.
According to Santiment, the network added 3,142 new wallets on the 25th of June, followed by 3,040 new wallets on the 26th of June, marking the highest daily expansion this year.
The surge reflected growing adoption instead of recycled trading activity, as new addresses historically pointed to fresh capital entering the ecosystem.
Interest also remained supported by Chainlink’s expanding institutional use cases, including tokenized real-world assets and data infrastructure. However, Chainlink continued trading near local lows despite the remarkable on-chain activity.
The divergence suggested market participants had not fully priced in the increase in network usage, leaving room for price to respond if broader market conditions continued improving.
Why have top traders stayed confidently long?
Professional traders continued favoring bullish exposure even as LINK traded close to its recent lows.
Binance’s Top Trader Long/Short Ratio showed 68.75% of accounts remained long, while only 31.25% held short positions, producing a 2.20 long-to-short ratio. Those figures indicated experienced participants had maintained confidence despite the recent weakness.
Rather than reducing exposure during the decline, many traders appeared willing to position for a recovery from current levels.
Their positioning aligned with the improving on-chain fundamentals, even though price had not yet reflected stronger adoption. Still, bullish positioning alone does not guarantee a rally.
Buyers still required additional demand before LINK could reclaim higher resistance levels and confirm that sentiment had translated into sustained market strength.
Double-bottom keeps recovery hopes alive for Chainlink
Chainlink [LINK] defended its major demand zone near $7.23 after buyers repeatedly absorbed selling pressure around that level.
The repeated defense created a developing double-bottom structure, which often signals exhaustion among sellers before a trend reversal emerges.
Buyers also kept the price above the demand zone despite several rejection attempts, showing that demand remained active at lower prices.
If that structure continues holding, the first upside objective would likely remain near $8.33, where previous resistance had limited earlier advances.
The Relative Strength Index (RSI) stood at 33.82, remaining below the neutral 50 level despite recovering from oversold territory. A successful move beyond that barrier would then place $9.00 into focus.
However, losing the current demand zone would invalidate the bullish setup and could expose LINK to another round of downside pressure.
Final Summary
- Record wallet growth suggested adoption strengthened even while LINK traded near recent lows.
- Double-bottom support and bullish trader positioning could guide LINK toward higher resistance levels.
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