Chainlink (LINK) closed its most recent weekly candle at $14.04, marking its highest weekly close since November 2025 and pushing above the $13.70 resistance that analysts had been watching closely. According to analyst Quinten, the move also cleared the Aug. 30 weekly close and created a higher high, reinforcing the token's developing uptrend.
Michael van de Poppe said LINK is among older cryptocurrencies that could outperform this cycle, citing continued innovation and ecosystem growth. He described an S-curve pattern forming for LINK. The token has recovered from roughly $7.06 in June and accelerated after breaking above $10 in August, eventually reaching a 2026 high around $14.89, according to Santiment data.
Technically, LINK remains above its 50-day moving average at $13.25 and its 200-day moving average at $12.08. The nearest resistance sits near $14.50, while analysts view $15 as the next major monthly resistance level. Trading volume during the recent advance was approximately 435.89 million LINK.
Santiment reported that the number of Chainlink wallets with a balance above zero has fallen to 912,020, suggesting some retail investors have taken profits during the rally. However, the analytics platform noted that this is not necessarily negative, as coins sold by smaller holders may have been absorbed by larger investors. Chainlink's total investor base remains near all-time highs.
Separately, Chainlink has released CCIP 2.0, giving applications more control over cross-chain security mechanisms while retaining the default validator network. Total transaction volume over the Cross-Chain Interoperability Protocol has surpassed $24 billion to date.
