---
title: "LINK Price Forecast: $7.91 or $9.39 looming as Chainlink hits resistance at $8.64. Derivatives sell flow outpacing buyers. Possible 60% pullback to $8.04-$8.14 support."
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/293182326.md"
description: "Chainlink is currently encountering strong resistance near $8.64, with a significant amount of derivatives selling activity suppressing buying pressure. There is a 60% likelihood of a potential pullback to the support range of $8.04 to $8.14 in the near future."
datetime: "2026-07-20T07:56:52.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/293182326.md)
  - [en](https://longbridge.com/en/news/293182326.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/293182326.md)
generator: "portal-rs"
---

# LINK Price Forecast: $7.91 or $9.39 looming as Chainlink hits resistance at $8.64. Derivatives sell flow outpacing buyers. Possible 60% pullback to $8.04-$8.14 support.

Chainlink is currently encountering strong resistance near $8.64, with a significant amount of derivatives selling activity suppressing buying pressure. There is a 60% likelihood of a potential pullback to the support range of $8.04 to $8.14 in the near future.

### Related Stocks

- [CLNK.US](https://longbridge.com/en/quote/CLNK.US.md)
- [GLNK.US](https://longbridge.com/en/quote/GLNK.US.md)

## Related News & Research

- [Chainlink: Grayscale & Bitwise scoop 1.4M tokens, yet LINK slips](https://longbridge.com/en/news/298812822.md)
- [Can a 4-year low in exchange reserves fuel Chainlink’s next bullish leg?](https://longbridge.com/en/news/298687044.md)
- [Chainlink: World prediction market launch on Solana uses Chainlink resolution - 09 Sep 2026](https://longbridge.com/en/news/298470446.md)
- [Why Grab stock sank this week](https://longbridge.com/en/news/298807971.md)
- [Chainlink Price Rally Accelerates — Can Bulls Flip $12 Into Support?](https://longbridge.com/en/news/298111674.md)

---
> **Disclaimer: This article is for reference only and does not constitute any investment advice.**