Key highlights:
Chainlink is having a strong run after recovering from below $7 in June, and the latest chart gives traders another important level to watch. The LINK price is around $15, up 8.25% on the latest 4-hour candle, putting the token close to the $16.363 Fibonacci resistance.
More Crypto Online pointed to the same level, saying there is no clear sign of exhaustion yet and that LINK appears to be heading toward $16.36. If buyers break through that resistance, the chart places the next major target at $20.623.
The Chainlink price is closing in on $16.36
We had a look at the LINK chart shared by More Crypto, and the current structure remains bullish. The latest 4-hour candle moved from around $14.000 to a high of $16.363, giving it a range of more than $2. The Elliott Wave count on the chart places LINK in Wave 5 of a larger bullish sequence.
The earlier rally from around $6.50 to $16.36 was labelled Wave 3, followed by a correction toward $13.90 for Wave 4. LINK has since recovered from that area, with the current move being counted as Wave 5.
The first major hurdle is $16.363, which matches the 61.8% Fibonacci level. If the Chainlink price breaks above it, the next major level is $20.623 at the 78.6% Fibonacci level. The key level on the downside is $13.909.
LINK holder data adds more context
The Chainlink price recovery has also come with an interesting change in wallet activity. Santiment reported that LINK reached a 2026 high of $14.89 after recovering from below $7 in June. At the same time, the number of non-empty LINK wallets fell to 912,020, indicating that some smaller holders may have taken profits during the rally.
A lower holder count does not automatically mean the Chainlink price is losing strength. If some smaller wallets sell and other market participants absorb that supply, the price can continue moving higher.
Santiment also noted that the remaining holder base is still close to historic highs after growing throughout 2026. That leaves an interesting combination: the Chainlink price is making new 2026 highs, but the number of non-empty wallets has eased from its peak.
Chainlink’s network activity keeps growing
There is also more happening around Chainlink’s infrastructure. Chainlink launched CCIP 2.0, giving applications greater control over cross-chain security while retaining Chainlink’s default verifier network. The protocol has processed more than $24 billion in cumulative CCIP transfer volume.
Institutional integrations are another part of the picture. Coinbase selected Chainlink as the oracle infrastructure for its tokenized stocks, and Wyoming uses Chainlink for the state-backed FRNT stable token. These developments give Chainlink exposure to tokenized stocks, stablecoins and cross-chain transfers, creating a broader fundamental backdrop for the LINK price.
Where could the LINK price go next?
The Chainlink price is now approaching the most important resistance on the chart at $16.363. A break above that level would bring $20.623 into focus as the next major Fibonacci target. If LINK gets rejected, $13.909 becomes the first level to watch.
A break below it could expose $11.460, followed by $10.419, $9.472 and $8.271. The broader macro support remains around $6.50. CoinCodex’s 1-month LINK price prediction places the price at $16.82, implying that analysts expect the price to trade modestly above current levels over the coming weeks as the recovery continues.
Source:: Chainlink Price Prediction: LINK Is Near $16 – Could a Break Open the Door to $20?