TLDR
- Chainlink price rose 10% this week, trading near $8.85 after a 2.14% daily gain.
- Analyst Ali Charts pointed to an MVRV golden cross that has historically preceded major LINK rallies.
- The same signal appeared before a 155% rally in November 2024 and an 85% rally in July 2025.
- LINK open interest climbed 4.58% to $568.75 million even as trading volume fell 12.86%.
- Chainlink launched “Chainlink for Agents,” an infrastructure platform for autonomous AI agents on blockchains.
Chainlink price rose to $8.86, up 2.14% over the past 24 hours. The gain extends a broader move higher for the token this week.
LINK has climbed 10% over the last seven days. That places it among the stronger performers in the market this period.
Bitcoin traded above $63,400 as the wider crypto market steadied after a volatile stretch. The calmer backdrop coincided with LINK’s climb.
Analyst Ali Charts flagged an on-chain signal that may support further gains for Chainlink. The analyst shared the data point in a tweet posted on August 13, 2026.
In the post, Ali Charts wrote that Chainlink was “ready for a 30% price surge” and laid out the reasoning across a seven-part thread. The analyst pointed to LINK’s Market Value to Realized Value ratio, which had formed a golden cross against its 200-day simple moving average for the first time in over a year.
Ali Charts noted that the same crossover appeared in November 2024, right before LINK rallied 155%. Another crossover showed up in July 2025, followed by an 85% gain, according to the thread.
On-Chain Signals Point Higher
The MVRV ratio compares a token’s market value to the average price paid by current holders. A golden cross like this suggests the token’s value is rising faster than what people originally paid for it.
LINK derivatives volume fell 12.86% to $367.59 million during the same period. Open interest, however, rose 4.58% to $568.75 million, based on data from Coinglass.
The rise in open interest despite lower volume suggests traders opened new positions even as overall activity slowed. On the four-hour chart, LINK’s Relative Strength Index sat at 65.28, close to overbought territory near 70.
The MACD line remained just below the signal line, at 0.119 versus 0.118. The next resistance sits at $9.00, with $9.50 and $10.00 as further targets if that level breaks.
A drop below $8.50 support could send the price toward $8.00. Continued selling pressure could push LINK down to $7.50.
Chainlink Expands Into AI Agent Infrastructure
Separately, Chainlink introduced Chainlink for Agents, a platform built for autonomous AI agents operating on blockchains. It gives agents access to tamper-resistant data feeds, cross-chain transfers, and protected computing.
The platform runs on the Chainlink Runtime Environment, which connects offchain AI decisions to onchain smart contract actions. Agents can move assets between blockchains using Chainlink’s Cross-Chain Interoperability Protocol.
Chainlink Confidential Compute lets agents handle sensitive financial data while still executing transactions on their own. One example involves an agent scanning interest rates across chains and shifting funds into platforms like Aave without human input.
The platform works with development tools including Claude Code, Cursor, OpenClaw, Hermes, and Codex. Developers can start using it by running a single command-line instruction to install the skill package.
