Chainlink price forecast: Can Link hit $9?

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Chainlink price forecast: LINK's bullish breakthrough is blocked, and key prices are in focus.

After a market that kept traders waiting for weeks, LINK's attention has risen again, but the key follow-up trend has stalled at the most important level.

What once seemed to be a clear breakthrough in the trend line has now turned into a tense standoff: the bulls are trying to defend the positions they have just regained, while the bears are testing the authenticity of the breakthrough.

The technical analysis below clearly points out when and where this deadlock may be resolved and is worth collecting with our complete LINK price forecast feature.

The key price points described here are strictly applicable to the 4-hour time frame. If the price closing price exceeds the stated range, the evaluation should be reviewed again.

Chainlink (LINK) Today's Price

Indicator Value Price $8.25 24-hour down-1.81%(-$0.152) Market Value $6.17B Futures Trading Volume (24h)$194.47M Spot Trading Volume (24h)$33.05M Open Interest $414.50M Liquidity Supply 748.09 million LINK Total Supply 1 billion LINK Maximum Supply 1 billion LINK Open Interest refers to the total value of LINK derivative contracts that have not been closed on each exchange, It is a rough measure of active leveraged positions.

Methods and Data Sources

This analysis uses TradingView's Binance LINK/USDT 4-hour chart to analyze the price structure. Volume, open interest and market value data are obtained from CoinGlass, and clearing data is obtained from CoinGlass's LINK clearing tracker.

All key prices are considered invalid only when it is confirmed that the closing price of the candle chart exceeds the trigger level, and intraday shadow breaks are invalid. Since this analysis is based entirely on a 4-hour time frame, prices should be reassessed when they clearly close above or below the ranges described below.

Chainlink Ecological Focus: The continued increase in reserves

provides more background information for this LINK price forecast. On-chain tracker MSB Intel reported on August 1, 2026 that Chainlink reserves have exceeded 5.2 million LINK after increasing by 706,809 tokens (worth more than US$5.7 million) in July.

img src="/d/file/20260804/57cdbb708f0d11f18e44b80d425f811e.png

This steady accumulation does not directly drive prices in itself, but it provides a fundamental background worth tracking when combined with this set of technical analysis.

Today's LINK clearing data

In a short time window, clearing activities have completely shown a one-sided trend.

img src="/d/file/20260804/58293c968f0d11f18fbb80d425f811e.png

In the past hour, a total of US$117,790 was cleared, all from long positions, and there were no short liquidations in this window.

The four-hour data showed the same pattern, with a total liquidation amount of US$129,320, all of which came from long positions.

The longer time window confirms the same bias, although short liquidations finally emerge. Within 12 hours, the total liquidation amount reached US$176,800, of which US$134,310 was for long and US$42,480 was for short positions. Within 24 hours, the total liquidation amount reached US$177,430, of which US$134,940 was for long positions and US$42,490 was for short positions.

This long-dominated clearing model is consistent with the recent sharp trend-line breakout. We conducted a detailed analysis of this in the LINK Liquidity Capture and Recovery topic.

Key Points

$LINK broke through on the 4-hour chart and closed firmly above the previous downtrend line, but a breakthrough back could not be confirmed.

Closing above $8.455 opens the door for a look at $8.999.

Closing below $7.896 to $7.793, the demand area confirms a downward trend, and the next target looks towards $7.522.

Long positions account for the majority of clearing in all time windows from 1 hour to 24 hours.

The latest reserve holdings data provides a fundamental perspective for this Chainlink price forecast that is independent of chart analysis.

$LINK 4-hour chart analysis

On the 4-hour chart,$LINK continued to fall below a downward trend line until the bulls finally successfully pushed the price to form a clear breakthrough, and the candle chart closed for the first time. Stand above the trend line.

img src="/d/file/20260804/58f0d7ce8f0d11f192e6b80d425f811e.png

This closing price turned LINK's short-term structure into a favorable trend.

Subsequently, the price stepped back on the above trend line (tested from above) and tried to hit a new high upward, but the attempt was unsuccessful-we have a more detailed analysis of this in the LINK Key Step Back topic.

The candlestick chart for the step-back test closes with a hatched line rather than a confirmed breakthrough, which keeps the LINK trend line observation highly active in future candlestick charts.

If $LINK breaks through and closes above $8.455, the next resistance area to watch is $8.999.

Conversely, if the price breaks below and closes below the demand area of $7.896 to $7.793, a downward trend will be confirmed, with the next support level at $7.522.

Chainlink Technical Analysis Summary

Indicator signal trends break through on the 4-hour chart and close the previous downtrend line structure step back on the break attempt to close in shadow, rather than confirming that closing clearing bulls dominate all windows from 1 to 24 hours; Shorts only show bitcoin correlation in the 12-hour and 24-hour windows Market sentiment may be as important as this chart structure $LINK Key support and resistance levels

Type Price Description Resistance 1$8.999 Extended upside target Breakthrough trigger level $8.455 After failing to step back, the trigger price for a new round of breakthrough is confirmed. Current price $8.251 is located between the step back area and the lower demand area. Demand area $7.896 to $7.793 Based on the closing price, the area of decline is confirmed after falling, support $7.522 If the demand area fails, Next Support Risk-Reward Table

Scenario Trigger Conditions Target Bullish Scenario Closing above $8.455 Moving towards $8.999 in the 4-hour timeframe The bearish scenario broke below and closed below $7.896 to $7.793 Demand area slipped to $7.522 and lower expiration levels: This analytical framework remains valid as long as the $LINK closing price remains above the $7.896 to $7.793 demand range. Once it is confirmed that the closing price is below the region, a downward scenario will be confirmed, the focus shifts to $7.522 and may go further downward. If $LINK breaks through and closes above $8.455, it means that the failure to step back has been overcome and the next target of $8.999 will be opened.

How Bitcoin may affect LINK

This analysis is based on LINK's own 4-hour chart, but Bitcoin still usually sets the tone for how far altcoins such as LINK can increase. If Bitcoin remains strong or trends upwards, it usually increases the odds that LINK breaks through $8.455 and moves towards $8.999. Conversely, weak Bitcoin performance increases the risk that LINK will lose demand and slip to $7.793 or $7.522.

Plan updates

If LINK confirms that the closing price is above $8.455 or below the $7.793 demand area, or if new clearing, volume or reserve data significantly changes the situation described in this analysis, we will revisit this Chainlink price forecast.

$LINK Glossary

Downtrend line: A downwardly-sloping straight line connecting a series of successively decreasing highs used to track resistance in a downtrend.

Demand area: The price range where buying pressure has previously intervened is usually regarded as a support area when stepped back.

Open interest: The total value of derivative contracts (such as futures) that have not been closed or settled.

Clearing: An event that occurs when a leveraged trade is forced to close due to insufficient margin on the trader.

Step back: The price returns to the trend line or level where it was breached to test whether the level is now serving as support or resistance.

Analyst View

Breakthrough in the trend line itself is not the whole story, because LINK's attempt to step back failed to close through the resistance, but left a shadow. This pattern of rejection usually means that bulls still need to prove that the recovery is real, rather than a temporary squeeze. If $LINK breaks through and closes above $8.455, a move towards $8.999 will appear. If the price breaks below and closes below the $7.896 to $7.793 demand area, it indicates a downtrend scenario is unfolding, with the target pointing to $7.522 and lower.