Chainlink Price Prediction: Analyst Eyes 30% Surge After Bullish MVRV Golden Cross

Chainlink price climbed 2.14% to $8.85 over the past 24 hours, extending its move above the $8.80 level. 

LINK has surged 10% this week, among the top cryptocurrencies in the market. 

An analyst expects a further 30% rally after Chainlink’s MVRV formed a bullish golden cross. Bitcoin price was trading above $63,400 as the broader crypto market consolidated after a volatile period on Friday.

Chainlink Price Eyes 30% Surge After Bullish MVRV Golden Cross

Crypto analyst Ali Charts believes Chainlink price could record a 30% price surge following a major bullish on-chain signal.

CHAINLINK READY FOR A 30% PRICE SURGE

1/7 🧵👇

— Ali Charts (@alicharts) August 13, 2026

LINK’s Market Value to Realized Value ratio recently crossed above its 200-day simple moving average. This golden cross appeared for the first time in more than one year.

The development suggests Chainlink’s market value is strengthening compared with the average value investors paid for their tokens.

History reveals that the same MVRV crossovers have led to big rallies in the price of Chainlink in past market cycles. The same signal was given by the indicator earlier in November 2024 before there was a 155% bull run on LINK.

2/7 For the first time in more than a year, $LINK MVRV Ratio has formed a golden cross against its 200 SMA.

Historically, this has been a major bullish signal. It led to a 155% bull run in November 2024 and an 85% rally in July 2025.

If history repeats itself, this new… pic.twitter.com/M2gWX0p7OK

— Ali Charts (@alicharts) August 13, 2026

Another crossover appeared in July 2025 and was followed by an 85% price increase. All of this previous data has reinforced hopes that the newest indicator may help drive another big move higher.

Chainlink Open Interest Rises 4.58% as Trading Volume Falls

The volume of chainlink derivatives trades decreased while the open interest rose, giving mixed signals. LINK derivatives trading fell 12.86% to $367.59 million, reflecting less activity in the short trading segment.

The open interest in the same period, however, increased 4.58% to $568.75 million. The rise indicates that despite lower overall trading volume, traders took new positions.

An increase in open interest may indicate higher market activity and price change sentiment. Traders can observe if volume can find a bottom and validate the increasing demand for LINK derivatives.

Will Chainlink Price Continue Rallying?

At the time of writing, the LINK price surged to $8.86, extending its recovery within a broader bullish structure.

LINK is approaching overbought territory around 70, with the Relative Strength Index running at 65.28, indicating good momentum.

The MACD line is still slightly below the signal line, at 0.119 and 0.118, respectively.

The nearest major resistance level on the four-hour chart is at $9.00, which is the first upside target.

A successful move above this level may pave the way to the next target at $9.50.

If the momentum continues to increase beyond $9.50, the $10.00 area could be reached psychologically.

full LINK forecast report must secure four-hour closes above $9.00 before traders can confidently expect further gains.

A failure to break out from that resistance may lead to another retreat back to the $8.50 support level.

A break below $8.50 would be a sign that the current market structure is weak and would bring into focus the price support around $8.00.

If there is more selling pressure, LINK is likely to head toward $7.50, the prior higher channel line.