Chainlink (LINK): daily brief · Nov 7, 2026
Technicals
Price is above the 200-day SMA ($10.08) and below the 7-day ($11.06), 20-day ($11.49) and 50-day ($12.59) SMAs. MACD is −0.43 with a flat histogram.
Daily RSI is 40.8 (Blockchain.News).
Resistance: $11.07 · $11.25 · $11.60–11.80 · $11.98–12.6
Support: $10.67–10.70 · $10.47–10.50 · $10.27 · $10.08 (200-day SMA)
Fundamentals and on-chain
Chainlink Reserve: 6.57M LINK. No new purchase since +94.5K on Nov 5.
Whales: ~57K LINK (~$612K) withdrawn from Binance to a multisig over 18h (Onchain Lens).
LINK ETFs: −$1.06M on Nov 6 (GLNK). Cumulative $176.4M, net assets $189.6M. Next data on Monday.
Products and adoption:
Chainlink 24/7 delivers market data for tokenized RWAs on weekends and holidays, with Aave as launch partner.
APAC equities data streams (TSMC, Tencent, Samsung, SK Hynix, BYD) are now used by Lighter and Jupiter.
CCIP secures $84B+.
Staking: no fresh data found.
Derivatives: OI is $490M and 24h liquidations only ~$103K. Funding: no data found.
Top news
Chainlink 24/7 brings weekend RWA data to Aave.
APAC equities data streams go live.
Whales withdraw 57K LINK from Binance.
ETF flows are flat to slightly negative.
Forecasts
🟢 Bullish: $12–12.8 if LINK reclaims $11.98, which targets $12.81 (CoinGabbar).
⚪ Base: $10.5–11.5, a range above $10.50 and below the 20-day SMA.
🔴 Bearish: $10.0–10.3 on a close below $10.47, toward $10.27 and then the 200-day. CoinPedia warns that a break below $10.70 could open $7.50–8.00.
Analysts: Alex Marzell (Coin-Turk) has a $24 macro target, but only if the downtrend breaks. Standard Chartered sees $200 by end-2030.
Upcoming events
Mon Nov 9, 02:00: weekly close
Tue Nov 10, 15:30: US October CPI
Thu Nov 12: Ethereum Institutional Forum, London, with a Chainlink speaker (time not given)
Market overview, not investment advice.