Chainlink (LINK) briefly tested the $10 level earlier this month but failed to hold it, highlighting a stubborn resistance zone as the token continues to struggle in a broad market downturn. LINK has slid from around $26 in August 2025 to below $10 today, underlining the pain felt across the crypto market.
Key price moves (CoinGecko)
- 24h: -2.5%
- 7d: -0.8%
- Since March 2025: -41.3%
- 14-day: +2.3%
- 1-month: +11.3%
Despite recent declines, some on-chain and institutional signals point to growing interest. Santiment reports that the number of wallets holding at least 1,000 LINK has climbed to 25,420 — the highest since December 3, 2025 — suggesting mid-size and larger investors are accumulating. “Larger capital wallets have been gradually returning to the network in anticipation of a future breakout,” the report notes.
Institutional demand appears to be picking up too. Sosovalue data shows U.S. LINK ETF assets have surged to $93.7 million over the last few days, indicating fresh inflows into products tied to the token.
Why some see opportunity
- Accumulation by mid-to-large holders plus rising ETF inflows can precede stronger price action.
- Buying below $10 represents a much lower entry than previous levels — LINK is roughly 83% below its all-time high of $52.70 (May 10, 2021), leaving significant upside if the market reverses.
Why caution is warranted
- The overall crypto market remains weak, and macro conditions are not yet supportive: expectations for a near-term interest-rate cut are slim, and geopolitical tensions (including the ongoing conflict in the Middle East) are keeping risk appetite muted.
- These headwinds could delay any meaningful recovery for LINK, and investor risk-off behavior may persist.
Bottom line: The current sub-$10 price zone looks attractive to some traders and longer-term investors given on-chain accumulation and ETF inflows, but meaningful upside likely depends on broader market and macro improvements. As always, consider risk management and time horizon before entering positions.
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