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Chainlink rose 10% in a week, with open interest rising to $569 million

2026-08-15 00:16:55
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Chainlink's price climbed to US$8.86, intertwined with chain data and derivative signals.

Chainlink's price climbed to US$8.86, rising 2.14% in the past 24 hours and extending the seven-day gain to 10%. The upswing has made LINK one of the best performing assets in the digital asset market this week, while mainstream cryptocurrencies, including Bitcoin, have stabilized above $63,400 after recent fluctuations.

MVRV gold cross highlights bullish potential

Chain analyst Ali Charts pointed out that there has been a gold cross in the ratio of market value to realized value (MVRV), which may indicate further gains in Chainlink. The MVRV ratio, which compares the current market value of a token to the holder's average bid price, is usually considered a bullish signal when it forms a golden cross with the 200-day simple moving average.

Ali Charts pointed out that this technical form appeared on LINK in November 2024, and then prices soared 155%; it reappeared in July 2025, and then rose 85%. The analyst believes that the current gold crossover may once again signal a major price change for LINK.

Traders are watching Chainlink's MVRV gold cross closely because the indicator has previously successfully signaled significant gains in 2024 and 2025. As the ratio rises above the 200-day moving average, Link's recent momentum, if history repeats itself, could mark the beginning of another period of strength.

Ali Charts said based on these recurring signals, combined with recent chart movements and chain data, Chainlink appears "ready for a 30% price surge."

Derivatives activity and technical outlook

While LINK prices rose, Coinglass derivatives market data showed that derivatives trading volume fell 12.86% to US$367.59 million. However, open interest volume in LINK Futures increased 4.58% to US$568.75 million, indicating new capital inflows despite a decline in overall market activity.

In terms of technical indicators, LINK's four-hour Relative Strength Index (RSI) is 65.28, approaching the overbought range above 70. The MACD line is slightly below the signal line, at 0.119 and 0.118 respectively, suggesting that bullish sentiment is continuing, but caution is needed when approaching resistance.

Market observers are focusing on the resistance level at $9.00, and if the bullish momentum continues, further target prices will be set at $9.50 and $10.00. If LINK fails to hold above $8.50, the next support level is $8.00, followed by $7.50.

The interplay of rising open interest volume and falling trading volume suggests that traders are increasing positions while overall trading activity is cooling. As key resistance and support levels approach, short-term momentum signals deserve close attention.

Chainlink launches platform for autonomous AI agents

Chainlink also announced the launch of the "Chainlink for Agents" platform, an infrastructure specifically designed for autonomous AI agents running on blockchain. The new platform allows agents to take advantage of tamper-resistant data feeds, secure cross-chain operations, and conduct confidential calculations through the Chainlink runtime environment.

This infrastructure allows agents to perform complex operations such as scanning interest rates across networks and autonomously transferring assets between protocols such as Aave. Developers can use tools such as Claude Code, Cursor, OpenClaw, Hermes, and Codex to access Chainlink for Agents and be able to install the required skills with a single line command.

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