Chainlink faces three short-term risk signals after 95% surge

  • Ali Martinez flagged three caution signals following Chainlink’s recent rally.
  • LINK rose about 95%, from approximately $7 to a recent high of $13.77.
  • Charles Schwab and Wyoming expanded Chainlink’s institutional and public-sector use.

Chainlink’s rally from approximately $7 to a recent high of $13.77 has produced several caution signals, even as the broader outlook remains constructive. Ali Martinez identified a weekly TD Sequential sell signal after LINK gained about 95% in two months. Transactions worth more than $1 million fell from roughly 59 over the past two weeks to about 10 on September 7, while 1.75 million LINK moved onto exchanges and total exchange balances rose from 269.25 million to approximately 271 million. LINK has nevertheless closed above the higher-timeframe $10.87 level, which Crypto Patel said keeps the bullish outlook intact while that support holds. Current targets remain $50 and $100, while Michaël van de Poppe identified $14.50-$15 as the next potential target zone. Separately, Charles Schwab is adding LINK alongside Solana and Avalanche to its crypto trading service, and Wyoming has adopted Chainlink Proof of Reserve after moving its Frontier Stable Token to CCIP in August.

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