The LINK price continues to trade within a bullish structure after rebounding strongly from the recent lows and holding above a crucial support range near $10. The token has maintained steady upward momentum despite the broader market volatility, fueling speculation of a larger breakout rally toward the higher targets. Meanwhile, on-chain activity has surged sharply in the background, which is the highest level recorded since September 2025.
With the ecosystem growing and a significant rise in the trader’s activity, can the LINK price break out of the consolidation and reach $15?
Chainlink Network Activity Surges to Multi-Month High
The latest Santiment data reveals a massive spike in Chainlink network participation, with more than 282,000 LINK addresses becoming active in a single day. This marks the highest daily address activity recorded since September 2025, highlighting a sharp increase in ecosystem engagement and user interaction across the network.
The sudden surge in active addresses suggests that market participation around Chainlink is accelerating rapidly. Another notable factor is that the address activity spike occurs while LINK continues trading within a bullish structure. This suggests the growing network participation may be supporting the ongoing recovery trend rather than signaling short-term exhaustion.
LINK Price Holds Strong Above Crucial Support
The LINK price continues to maintain a bullish structure after successfully reclaiming the crucial support zone near $10. The daily chart shows the token trading within a rising parallel channel, suggesting the broader recovery trend remains intact despite minor short-term pullbacks. After breaking above the previous resistance range near $9.80 to $10, LINK has now flipped the zone into support while continuing to print higher lows. This suggests buyers remain active during dips, helping the token sustain its upward momentum.
Another important signal is the steady rise in the On-Balance Volume (OBV), which indicates growing accumulation and improving buying pressure alongside the price recovery. At the same time, the RSI continues to hold above the mid-range, reflecting strengthening bullish momentum without entering extreme overbought territory yet.
Currently, the immediate resistance remains near $11, which aligns with the upper boundary of the rising channel. A successful breakout above this range could open the doors for a larger rally toward the next major resistance near $12.50 and potentially the psychological $15 level later this month. However, failure to hold above the $10 support zone may weaken the bullish structure and increase the possibility of a pullback toward the lower channel support of the Chainlink (LINK) price rally near $9.20.
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