TLDR:Chainlink price rose 8.2% to $9.47 as daily spot volume increased 114.89%, lifting LINK’s weekly advance to 13.48% over seven days.LINK futures open interest climbed 15% to $685.97 million, while derivatives turnover increased 140% to $973.04 million in one day.Chainlink holders reached a record 3.96 million, active addresses doubled to 4,800, and large transactions increased across the network.Michaël van de Poppe favors entries below $9.20 or $8.60 rather than chasing LINK, with $10.87 and $11 marking resistance.Chainlink price jumped 8.2% to $9.47 on August 15, outperforming large-cap cryptocurrencies during market volatility. LINK also gained 13.48% across seven days as spot volume and derivatives activity expanded sharply. Daily trading volume rose 114.89% to $515.84 million, while market capitalization reached $7.09 billion. Futures open interest climbed 15% to $685.97 million, showing stronger participation in active contracts. Michaël van de Poppe described LINK’s setup as “phenomenal,” yet advised traders against chasing the rally. He instead identified pullbacks below $9.20 or $8.60 as potential entries, depending on Bitcoin’s next move toward support. Both cover upcoming market sessions.Chainlink Price Gains Support From Trading and ETF FlowsThe Chainlink price first approached $9 near $8.85, when turnover stood at $241.3 million. LINK is trading at $9.47 and recording a daily volume above $515 million. The change showed how quickly participation increased as traders responded to the breakout attempt.Derivatives activity strengthened alongside spot demand. CoinGlass figures placed futures volume at $973.04 million after a 140% increase. Open interest reached $685.97 million, adding leverage and liquidity around the move. Rising open interest can support momentum, though it also raises liquidation risk during sudden reversals.The number of Chainlink holders reached a record 3.96 million, analyst Ali Martinez reported. Active addresses also doubled from about 2,450 to 4,800. Those figures indicate broader participation, but they do not reveal if large wallets bought or sold tokens.Chainlink is down 83.4% from its May 2021 all-time high of $53.Yet, the network just reached a record 3.96 million $LINK holders worldwide.And now, the price is starting to flash bullish signals. Time to pay attention! https://t.co/VL5QEcQPCu pic.twitter.com/XQ5KiIdPaz— Ali Charts (@alicharts) August 14, 2026Transactions exceeding $1 million increased during recent sessions. This whale activity drew attention as LINK challenged nearby resistance. Yet transaction size alone cannot distinguish accumulation from distribution without supporting flow data.Traditional investment products also registered demand. Bitwise Chief Executive Hunter Horsley reported roughly $1.5 million in weekly inflows for the company’s Chainlink ETF. The inflows arrived during broader crypto market weakness, offering another source of interest in LINK exposure.Chainlink connects smart contracts with external prices, records, and other real-world data. That role supports its use across decentralized finance and tokenized assets. The renewed market activity now places the Chainlink price near a zone that previously limited advances. That test could determine the direction of its next move.LINK Traders Watch Pullback Entries and the $11 TargetVan de Poppe expects two possible trading setups rather than an immediate market entry. His first scenario depends on Bitcoin making a shallow sweep of recent lows. If Bitcoin avoids a deeper slide toward $61,000, LINK could move below $9.20. He views that area as a possible entry for a move toward $11.$LINK looks phenomenal.However, I wouldn't be chasing a trade here.Personally, I'd be looking at two scenarios.1 – If the markets are going to stay like they are and #Bitcoin does a slight sweep of the lows, and not a cascade to $61,000, we're likely going to see