Chainlink price prediction: Can bullish bounce continue? LINK up 7.45%

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Chainlink jumps 7.45% to $8.76 today

Highlights

Taylor Lindman, former Deputy General Counsel at Chainlink Labs, started as Chief Counsel for the SEC’s Crypto Task Force on February 23, 2026.
Chainlink Labs is prioritizing expansion of blockchain-based cross-border payments in the UK to drive institutional adoption of tokenized assets via its oracle network.
LINK trades at $8.76, consolidating above the 20-day MA ($8.66) but below the 50- and 200-day MAs, with near-term range seen at $7.80–$9.20.

Leadership shift and UK focus as regulatory priorities evolve

Taylor Lindman, who served as Deputy General Counsel at Chainlink Labs for five years, began his new role as Chief Counsel for the U.S. Securities and Exchange Commission’s Crypto Task Force on February 23, 2026, following his involvement in regulatory meetings and token taxonomy discussions. Chainlink Labs expressed appreciation for his contributions and confirmed his departure. The company is also focusing on expanding blockchain-based cross-border payments in the UK to facilitate institutional adoption of tokenized assets through its oracle infrastructure.

Seller dominance endures amid high volatility and overbought reversal risks

Momentum signals remain negative as both MACD and ADX on D1 indicate persistent seller control. RSI and the Commodity Channel Index both print oversold signals—RSI at 33.99 and CCI at -150.47—while Bull/Bear Power at -0.37 highlights ongoing seller dominance on the day. Despite neutral-to-oversold readings from Stochastic RSI and Awesome Oscillator, LINK advanced 7.45% today ($0.61 higher), gapping higher at the open with the price reaching the top of today's range ($8.76 of $8.18 – $8.76). Intraday volatility is high, and today's action shows robust strength toward the daily high and a firm upside tone, though momentum and oscillator divergences underscore the risk of a technical pullback.

Probability favors further losses as LINK faces range-bound pressure

For the next five trading days, the expected range for LINK is $7.80 – $9.20, representing a typical volatility band relative to current levels. There is a very low probability—less than 20%—of a meaningful price increase, making further declines more likely in the near term. Baseline scenario: LINK consolidates between $7.80 and $9.20 as sellers and buyers test support and resistance. Bullish scenario: a break above $9.16 sparks a recovery toward the upper band of the range, while failure to hold $7.80 may trigger accelerated losses toward lower weekly support.

Anton Kharitonov, expert at Traders Union, believes LINK is still trapped in a bearish environment despite today’s strong recovery move. He notes that technical signals point to increasing downside risks and limited probability of meaningful upside as momentum remains negative. Regulatory changes and institutional adoption efforts provide some support, but price action is clouded by persistent seller control. "Base case remains consolidation below $9.20 — unless bulls reclaim higher ground, I remain cautious on further upside."

Last time, analysts noted that Chainlink (LINK) had gained 7.13%, approaching the key resistance level at $10.24 amid strengthening bullish momentum. Technical indicators suggest buyers are testing this resistance, while maintaining support near recent lows; moving averages and momentum oscillators point to a positive short-term trend.

Source of Data: LINK Price Analysis by TU

The analysis is based on a proprietary model combining technical, on-chain, and expert data. Not investment advice. See methodology

The information is based on forecasts and does not constitute investment advice or a guarantee of future results. Market conditions may change. See our Disclaimer and Editorial Integrity for details.