Chainlink has confirmed its recovery by trading above $9 after a 14.7% weekly rally, rising from approximately $8.20 to over $9.60 before a slight pullback toward $9.43. The Relative Strength Index (RSI) at 64.45 confirms intact bullish momentum, while Open Interest reached approximately $690 million, indicating leveraged-supported demand. A major holder transferred 984,550 LINK (roughly $9.23 million) to Coinbase, potentially creating selling pressure above the current price, although the transfer does not necessarily mean an immediate sale. Chainlink must reclaim the $9.60 level to sustain its upside, risking a breakdown of its breakout structure if it loses the support zone between $8.90 and $9.
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