Chainlink price approaches $10 after breakout above resistance

The Chainlink price is trading around $9.69 on 19 August 2026, climbing to its highest level in months. After a period of consolidation, LINK broke out above a key resistance around $8.90, fuelling expectations of further gains. Analyst DaanCrypto points out that Chainlink is performing relatively well compared to the broader market and is targeting the May highs around $10.

Chainlink is available at OKX and Bybit.

In short:

• The Chainlink price rises to $9.69 after a breakout above resistance at $8.90.
• Analyst DaanCrypto expects further gains towards the May highs around $10.
• LINK is performing relatively strongly compared to the rest of the crypto market.

Breakout above resistance at $8.90

On the daily chart, it is clearly visible that Chainlink traded around $8.90 for an extended period, a level that acted as resistance. In early August, the price broke decisively above that level and quickly climbed towards $9.70.

The green support zone on the chart, located between roughly $6.90 and $7.30, held firm after the sharp decline in June. The fact that the price has recovered strongly since then indicates that there is demand at these levels.

DaanCrypto targets $10 if breakout holds

The team behind DaanCrypto says that LINK remains strong relative to the rest of the market. As long as the breakout above $8.90 remains intact, the team expects a rise towards the May highs, which are at just above $10.

Whether those levels are actually reached depends on how the broader market develops and whether the current breakout holds. To do so, the price needs to maintain its recent momentum and break through the resistance around $9.80.