What to know:
- Chainlink price rises 4.02% as weekly gains reach 11.22% amid sharply higher volume.
- LINK tests weekly support while analysts watch a breakout above the key $10.90 level.
- Futures activity climbs as open interest reaches $447.68M and funding stays positive.
Chainlink price on Wednesday, July 15, 2026, remained in recovery mode as buyers pushed LINK higher. The token tested a key weekly support line as traders awaited to see if the bounce would extend to major resistance.
As of writing, Chainlink (LINK) is currently trading at $8.44, showing an uptick of 4.02% in the day. The trading volume is showing a strong bullish surge up 53.49% and is currently standing at $311.4 million. Over the last week, the coin price has increased by 11.22%, according to CoinMarketCap.
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How a $10.90 Break Could Push LINK Toward $13.93
Popular analyst More Crypto Online pointed out that Chainlink price is testing a blue support trend line on the weekly chart. A break above the May high of $10.90 could open a move toward the $13.93 to $20.63 area. The analyst identified that range as the next target zone.
The analyst noted that the current structure could be the D-wave in a blue triangle pattern. However, the analyst did not confirm that a major low had formed.
Another micro-level low could have been in the white wave two or blue wave C scenario. The evaluation highlighted LINK’s existing wave structure.
Why LINK Futures Activity Is Rising
CoinGlass data shows that futures volume increased 20.86% to $334.51 million. Open interest rose 6.74% to $447.68 million, while the OI-weighted funding rate stood at 0.0091%. The figures showed increased participation across LINK futures markets.
Chainlink Price Holds Above Short-Term EMAs
From a technical perspective, on the daily chart, the Chainlink price is above the 20-day EMA at $7.932 and the 50-day EMA at $8.122. Both short-term indicators were positioned under the current market price.
The 100-day EMA is at $8.630, slightly higher than the current price. The 200-day EMA remained higher at $9.930. Chainlink price remained below both longer-term averages at the time shown on the chart.
The Relative Strength Index (RSI) is at 63.47, while the moving average reads 52.86. The RSI remained below the overbought level of 70 and above its neutral level of 50. This indicated more momentum and no overbought reading.
What Aave’s CCIP Adoption Means for Chainlink
Beyond the latest price action, Aave has expanded its use of Chainlink infrastructure. On July 13, Aave announced that the Cross-Chain Interoperability Protocol would be the standard protocol for cross-chain deposits, withdrawals, GHO transfers, and governance operations. The modification is across Aave’s larger ecosystem.
Chainlink also reported eight integrations across four services and four chains during the same week. Services included four blockchain networks.
These were Mantle, Poppie Finance, and YuzuMoney. These deployments grew the protocol’s live use across multiple networks. The upgrade featured several Chainlink products.
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This article contains market analysis and price predictions. These are not guarantees. Crypto markets are volatile. Always DYOR. Not financial advice.
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