Citing Santivation data, Chainlink added 6182 wallet addresses in two days, creating the strongest consecutive growth since 2026. According to the report, this change occurred during the price fall phase, indicating that the market ' s interest in LINK was rising.
Two days to add 6182 wallets
According to the article, the number of wallets created in the chain is consistently high and usually means that new participants enter, and not just the original funds flow between different addresses. As this increase occurs at a time when prices are weak at LINK, it is easier for markets to see it as a potential sign of absorption.
7.20 United States dollars for short-term focus
LINK currently fluctuates around $7.20 and is approximately 44 per cent higher than the previous phase of approximately $13. According to the report, the region has entered a critical demand zone and prices are expected to be stable if the purchase continues to defend.
The article also mentions that the position has been transformed into a resistance zone that needs to be recovered when the LINK position rebounds after it fell from the nearby 8.40 US dollars. If we can't hold the $7 line, the downside pressure could increase.
The resistance above is in the vicinity of $9.
In terms of trade distribution, the recent concentration of high-transaction areas in the vicinity of $9.00 to $9.20 indicates that pre-existing high-intensity areas remained above current prices. If kinetic energy rises, prices may return to the area more quickly.
It was also mentioned that the RSI of LINK was around 35, indicating that short-line kinetic energy was still weak, but that the pressure on the sale could be close to a phase decline. According to the article, if the price is back on the 8.40-$ 8.50 range, LINK may have the opportunity to rebound to the $9 area, corresponding to approximately 15 per cent of the current level.