LINK remains above its 50-day and 200-day averages, with $9.50 acting as the next key resistance. A break above $9.50 could open a move toward $10, while $10.45-$10.90 remains major resistanc
Chainlink is holding above key moving averages as analysts watch whether LINK can clear $9.50 and approach $10. Michael van de Poppe outlined possible dip-buying levels, while Onchain Lens reported 289,760 LINK moved into self-custody. Meanwhile, LINK trades near $9.396 after a strong late-July and August advance.
Van de Poppe said buyers could consider LINK later if Bitcoin fails to break $63,400. He also said he would remain interested if LINK falls below $10. The MA50 is at $8.84, while the MA200 sits at $8.48.
Notably, the MA50 has moved above the MA200 after turning upward. Trading volume also increased during the latest advance. Next resistance sits near $9.48-$9.50, followed by the $9.97-$10.00 area.
Historical resistance remains between $10.45 and $10.90. Those levels follow LINK’s earlier move toward its May peak.
Onchain Lens reported that a wallet transferred 289,760 LINK worth about $2.74 million. Tokens moved to a Gnosis Safe Multisig wallet two hours before the report. According to Onchain Lens, the wallet accumulated the LINK from Binance over the previous month.
The transfer moved the tokens from the exchange to the multisig wallet. Quinten also highlighted three features for institutional stablecoins. He cited proof of reserves, cross-chain connectivity and onchain identity and compliance.
Quinten described those as the three components institutions need for stablecoins. His comments came as LINK traded above its two key moving averages.
LINK previously reached about $10.90 in early May before falling toward $7.20 in June. That June area later became a major support zone. From late June, the token formed higher lows before breaking through the $8.00-$8.50 range. Price then accelerated during August.
Source: Santiment The setup leaves $8.84 as the first support. Below that level, $8.48 and $8.00-$8.20 provide additional areas. If LINK clears $9.50, the next levels are $10.00 and $10.45-$10.90. However, a sustained break below $8.84 could expose the $8.48 support level and weaken the technical structure.
The post Chainlink Eyes $10 as Analysts Track LINK’s Next Move appears on Crypto Front News. Visit our website to read more interesting articles about cryptocurrency, blockchain technology, and digital assets.
