coin-img-ETHETH-3.37%coin-img-SOLSOL-4.38%coin-img-BTCBTC-1.90%coin-img-XRPXRP-4.45%coin-img-USDCUSDC+0.00%coin-img-TRXTRX-1.85%coin-img-DOGEDOGE-2.41%coin-img-BNBBNB-0.60%coin-img-ETHETH-3.37%coin-img-SOLSOL-4.38%coin-img-BTCBTC-1.90%coin-img-XRPXRP-4.45%coin-img-USDCUSDC+0.00%coin-img-TRXTRX-1.85%coin-img-DOGEDOGE-2.41%coin-img-BNBBNB-0.60%coin-img-ETHETH-3.37%coin-img-SOLSOL-4.38%coin-img-BTCBTC-1.90%coin-img-XRPXRP-4.45%coin-img-USDCUSDC+0.00%coin-img-TRXTRX-1.85%coin-img-DOGEDOGE-2.41%coin-img-BNBBNB-0.60%coin-img-ETHETH-3.37%coin-img-SOLSOL-4.38%coin-img-BTCBTC-1.90%coin-img-XRPXRP-4.45%coin-img-USDCUSDC+0.00%coin-img-TRXTRX-1.85%coin-img-DOGEDOGE-2.41%coin-img-BNBBNB-0.60%

Chainlink targets $18 as LINK exchange balances drop

AI Market Summary
Chainlink's outlook improves as exchange-held LINK fell to ~112M from ~132M over three months while off-exchange supply rose, signaling persistent net withdrawals that can tighten liquid supply. A new U.S. Department of Commerce data integration (GDP, PCE, real final sales) expands Chainlink's non-crypto use cases and strengthens the adoption narrative. Technicals also turned supportive via a 50/200 EMA golden cross, with $10 highlighted as key support.
Impact level
● Medium
Affected assets
LINK/USDT-3.69%
AI Insight · LINK/USDTAI Insight
▲ Bullish
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Chainlink’s LINK has rebounded from around $7.20 in July to about $12.40. Over the past three months, exchange-held LINK fell from 132 million tokens to 112 million, while supply outside exchanges rose from 870 million to 890 million. The setup points to continued net outflows from trading platforms. Technically, traders are watching resistance near $18 and support at $10, with a break below $10 potentially opening the way toward $7.
LINK
LINK-4.14%
Disclaimer: The content above is only the author's opinion and does not represent BingX’s stance. It shall not be construed as investment advice from BingX. For details, refer to the Terms and Conditions.
Market Analysis

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