Chainlink’s Wallet Record Turns LINK’s $9 Rebound Into The Main Test

Chainlink (LINK) added 6,182 new wallets across two days, its strongest network growth of 2026, as traders watched whether LINK could recover toward $9.

Key Points:

Chainlink Wallets

According to Santiment, the Chainlink network added 3,142 wallets on Jun. 25 and another 3,040 wallets on Jun. 26, marking its two strongest daily expansion readings this year.

The increase came while LINK traded near local lows, creating a split between stronger adoption data and weak price action. New addresses often point to fresh user activity rather than repeated movement among existing holders.

The wallet growth also came as Chainlink’s institutional narrative stayed active through tokenized real-world assets and data infrastructure. Still, the market had not fully reflected that activity in price, suggesting traders were waiting for broader conditions to improve before pricing in stronger network use.

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LINK Traders

Professional traders continued to lean bullish despite the decline. Binance’s top trader long-short ratio showed 68.75% of accounts were long, while 31.25% were short, according to CoinGlass data cited in the analysis. That produced a 2.20 ratio and showed that more experienced accounts were still positioned for upside.

That positioning supports the recovery case, but it does not confirm one. LINK still needs stronger demand to move beyond defensive buying and turn improved on-chain data into a sustained price move. Without that follow-through, bullish leverage can remain exposed if sellers regain control near resistance.

The technical setup keeps $9 in view because buyers defended the $7.23 demand zone several times. That repeated defense has formed a possible double bottom, a structure traders often read as a sign that selling pressure is weakening.

The first upside level sits near $8.33, where earlier rallies stalled, before a broader attempt at $9.

LINK’s recent price history explains why this level matters.

The token has stayed under pressure even as adoption metrics improved, while the Relative Strength Index recovered only to 33.82, still below the neutral 50 mark. A break below $7.23 would erase the recovery setup and expose LINK to renewed downside.

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