Chainlink Price Prediction: Whale Sends $7.6M to Coinbase as LINK Hits a Fresh High

• Chainlink price prediction stays bullish above $12.50, the former resistance zone LINK just broke through
• Shorts absorbed $1.59 million of Sunday’s $1.87 million in liquidations, roughly 85% of the total
• An on-chain whale sent another $7.6 million in LINK to Coinbase, bringing its three-week total to $26.04 million

Chainlink’s price prediction for September 8 holds bullish as long as LINK stays above $12.50, a level that blocked every rally attempt since August until today. 

Chainlink Price Analysis: Can LINK Hold Its Breakout Above $12.50?

LINK trades at $13.454, up 1.64% on the day, after breaking above the $12.50 to $12.65 zone that had rejected every rally attempt since mid-August. That zone now becomes support on any pullback. Price sits above every EMA, the 20-day at $11.479, the 50-day at $10.284, the 100-day at $9.622, and the 200-day at $9.920, with the Parabolic SAR at $11.129 confirming the trend hasn’t flipped.

Meanwhile, LINK spent February through July grinding between $7 and $9.50 after falling from a January high near $14.50. The rally since mid-August has already reclaimed most of that range in a few weeks, putting the January high back in view as the next real resistance.

LINK Support and Resistance Levels, September 8, 2026

LINK News: Whale Sends Another $7.6 Million to Coinbase

An on-chain whale deposited another 620,420 LINK, worth roughly $7.6 million, to Coinbase, according to Onchain Lens. That brings the wallet’s total deposits to the exchange over the past three weeks to 2.41 million LINK, about $26.04 million, coins the wallet had previously accumulated from Binance.

Moving coins to an exchange doesn’t confirm intent to sell, wallets also deposit for staking, trading, or simple custody reasons, but it’s worth tracking given the size and the timing, this activity has run in parallel with the entire breakout rather than starting after it.

LINK News: Traders Point to DTCC’s Q4 Launch and Schwab’s Plans as the Bull Case

Trader Axel Bitblaze said he likes LINK above $13 for the tokenized stock trade specifically. His case rests on three points:

• Coinbase already uses Chainlink to price its tokenized stocks
• DTCC’s collateral platform is targeting a Q4 launch with Chainlink integrated
• Schwab plans to add LINK trading in the coming months

His thesis: as more stocks move on-chain and get traded, borrowed against, or lent out, Chainlink’s service revenue from that activity converts into LINK buying, a channel he thinks the market is underestimating.

That DTCC timeline checks out against Chainlink co-founder Sergey Nazarov’s own comments to the Korea Herald in August. Nazarov said DTCC’s pilot, converting securities held at its subsidiary DTC into tokens for collateral posting, securities lending, and repo transactions, ran with more than 30 firms including BlackRock, JPMorgan, Goldman Sachs, and Vanguard. He said DTCC plans to move that pilot into a commercial tokenization service in October, landing inside the same Q4 window Bitblaze is trading around.

Chainlink Derivatives: Shorts Absorb 85% of Sunday’s Liquidations

LINK derivatives volume rose 83.63% to $893.99 million over 24 hours, and open interest rose 14.31% to $788.15 million. Open interest measures how many contracts are still open, and it climbing alongside volume means traders are adding new positions, not just trading in and out of existing ones.

Shorts took nearly all the damage. Of the $1.87 million liquidated over 24 hours, $1.59 million came from short positions, and every liquidation in the past hour was a short. Binance’s long/short ratio sits at 1.95, meaning almost twice as many accounts are betting on higher prices as are betting against them. Among Binance’s top traders, that ratio climbs to 2.25 by account and 2.55 by position size, so the traders with the largest positions are more one-sided than the average trader on the platform.

Chainlink Price Prediction: Bullish and Bearish Scenarios

Bullish Case, Target: $14.50

LINK holds above $12.50 and extends through today’s high of $13.456. A close above $14 would put the January high near $14.50 back in range, with continued short covering and the DTCC and Schwab narratives feeding demand.

Bearish Case, Risk Level: $11.13 (Parabolic SAR)

LINK loses the $12.50 breakout zone and gives back the move. A close below the SAR at $11.13 would be the first real sign the trend has cooled, with the 50-day EMA at $10.28 as the next level below that.

Expert Insight

Here’s what most people are missing: two separate things happened on LINK at once. A normal short squeeze means old positions closing, so open interest should fall. Instead it rose 14% while shorts got wiped out, which means new buyers were opening fresh longs at the same time forced sellers were getting liquidated. That’s a stronger setup than a plain squeeze, because the buying wasn’t just people getting bailed out of bad trades, it was people actually choosing to step in.

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