TLDR
- LINK hit its highest price since January 2026, reaching $13.64 on September 7
- Open interest climbed to an 11-month high of $784 million
- Chainlink’s DeFi TVL rose from $33.98B to $40.02B in one month
- A whale moved 2.41 million LINK ($26M) to Coinbase, raising sell pressure concerns
- Analyst targets range from $15–$22 depending on key resistance levels
Chainlink (LINK) reached $13.64 on September 7, 2026, its highest price since January 18, 2026. The token has gained 94% since June 22, driven by growing adoption across institutional finance.
Chainlink’s DeFi Total Value Secured (TVS) rose from $33.98 billion on August 7 to $40.02 billion, a gain of $6.04 billion in just one month, according to DeFiLlama.
Analyst Chris Barret noted that Chainlink has now facilitated $34 trillion in total transactions. The network also partnered with the US Commerce Department to bring inflation, GDP, and sales data on-chain.
On the institutional side, Chainlink partnered with Bottomline, which handles over $16 trillion in annual payments, to bring its CCIP and CRE tools to more than 600 banks for cross-border payments. BitGo is also migrating more than $15 billion in assets to Chainlink’s CCIP infrastructure.
Wyoming’s Stable Token Commission adopted Chainlink’s Proof of Reserve, adding another institutional use case to the network’s growing list.
Open Interest Reaches 11-Month High
Open interest rose to $784 million, the highest reading since October 2025, per CoinGlass data. LINK’s derivative volumes also increased 8%, reaching $1.04 billion.
The long/short ratio on Binance stands at 1.67 and 1.36 on OKX, meaning more short accounts than long accounts exist on both exchanges.
Futures CVD sits at $113.1 million in net selling, yet LINK’s price has continued rising, suggesting buyers are absorbing the pressure.
Whale Activity and ETF Flows
One large address sent 2.41 million LINK, worth around $26 million, to Coinbase over three weeks. A separate whale also moved 620,000 LINK, worth about $7.6 million, to Coinbase. These transfers could add selling pressure but have not yet confirmed a sell-off.
CHAINLINK WHALE SENDS ANOTHER $7.6M LINK TO COINBASE
The whale deposited another 620.42K $LINK (~$7.6M) to Coinbase.
Over the past three weeks, it has now sent 2.41M $LINK (~$26.04M) to Coinbase, which was previously accumulated from Binance.
Address:… https://t.co/tc5WD5lB5w pic.twitter.com/nEvyKb3Js3
— Onchain Lens (@OnchainLens) September 7, 2026
LINK ETFs posted zero inflows in the week of August 31 to September 4, compared to $986 million for BTC ETFs and $218 million for ETH ETFs in the same period.
Trader Symba (@Nebulabsxyz) posted on X that LINK has moved through accumulation around $8–$10, manipulation below $7.5, and is now in an expansion phase. He identified $15 and $18 as his next upside targets.
$LINK is moving through the phases pretty cleanly here.
Accumulation around $8–$10, manipulation below $7.5, then expansion. Now price is breaking past the $10.6–$12 re-accumulation area.
I’m now looking for $15 and $18 as the next upside targets 🚀 pic.twitter.com/dCBZy5OuHp
— Trader Symba (@Nebulabsxyz) September 7, 2026
Price Targets and Key Levels
On the weekly chart, LINK has formed a double-bottom pattern. A breakout above the $10.72 neckline points to a target of $15.83. LINK has also moved above the 200-week EMA at $12.85.
Analyst Axel on X forecasts LINK could reach $22, but only if it closes above $13.50 on the weekly chart.
The $12 level remains the key support. Losing it could pull price back to $11.50 or $10.70. LINK is still 74% below its all-time high of $52.88 from May 2021.
