March 2 News: Chainlink (LINK) is currently hovering around $8.62, down 1.27% in the past 24 hours, but still up approximately 3.86% over the past 7 days. Meanwhile, market trading activity has significantly increased, with on-chain data showing LINK trading volume surged to about $746 million, a substantial rise from previous levels, indicating growing investor interest.
From a technical perspective, LINK has been trading within a rectangular consolidation zone recently. Analyst CryptoPulse pointed out that the token is mainly oscillating between the $8.00 support level and the $9.20–$9.30 resistance zone. This range is seen as the core area of short-term bullish and bearish battles. Until a clear breakout occurs, the market may continue to trade within this range.
Regarding indicators, the 4-hour Relative Strength Index (RSI) is between 40 and 60, suggesting market sentiment is relatively balanced, with buying and selling forces close in strength. The MACD shows a slight bullish crossover, but the momentum bars remain shallow, indicating that upward momentum has not yet formed a clear trend.
If the price successfully breaks above $9.30, the potential target zone could extend to $9.80–$10.20. Conversely, if it falls below the key support at $8.00, LINK may retreat to the $7.50–$7.70 range.
Meanwhile, new institutional-level applications are advancing within the Chainlink ecosystem. The regulated asset-focused blockchain network Canton has officially integrated Chainlink’s cross-chain interoperability protocol (CCIP) and data standard system, enabling institutions to access tokenized real-world assets more conveniently on-chain.
Currently, features such as Chainlink data feeds, SmartData NAV, AUM data, and reserve proofs are live on the Canton network. Projects including BitSafe’s CBTC, Unhedged, and Thetanuts Finance have begun utilizing this infrastructure. Data shows that since the mainnet launched in May 2024, the Canton network has processed over $8 trillion in on-chain real-world asset transactions and handles approximately $350 billion in U.S. Treasury repurchase agreements daily.
From a market structure perspective, LINK’s current market cap is about $6.31 billion, with a circulating supply of approximately 708 million tokens. Despite the recent increase in trading volume, the price remains over 80% below the all-time high of around $52.70 in 2021. As technical ranges narrow and institutional blockchain integrations advance, LINK’s future trajectory is becoming one of the key focuses in the crypto market.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Bitcoin Remains Resilient as Iran-US Conflict Fuels Risk-Off Sentiment
Bitcoin has gained over 2%, defying a global risk-off sentiment sparked by the escalation of the US-Iran conflict that has seen most stocks plunge.
Analysts say it’s the best time to buy BTC as the US Fed is going to start printing billions of dollars to support the war, as it has in
CryptoNewsFlash6m ago
Gate Research Institute: DEX Trading Volume Rebounds, SuperLink Ecosystem Accelerates Development | Gate Institutional Crypto Market Weekly Report (February 23 – March 1, 2026)
Recently, market liquidity has been relatively thin, with BTC dropping rapidly and entering a consolidation phase, while ETH has shown weak performance. Geopolitical risks have driven up oil and precious metals, with funds shifting toward defensive assets. DEX trading volume experienced a pulse release, but overall remains below historical highs, and the market is still in a deleveraging stage. Next week, attention should be paid to several macroeconomic indicators and events such as token unlocks that could cause market volatility.
GateResearch9m ago
QCP: Bitcoin remains resilient amid the Hormuz crisis, while AI and tech industries come under pressure
The closure of the Strait of Hormuz has led to rising energy prices, with Brent crude reaching $83 and natural gas up 50%. The South Korean stock index KOSPI fell 20% due to the impact. Bitcoin performed strongly, possibly indicating a shift in risk appetite. The market expects continued volatility, with all parties pressuring Iran to open the strait.
GateNews53m ago
Bitmine buys the dip again! Tom Lee is optimistic about Ethereum with "three major bullish factors" supporting it
Bitmine Immersion Technologies increased its holdings by 51,162 ETH last week, bringing the total to 4.42 million ETH, valued at approximately $8.7 billion, making it the publicly traded company with the largest ETH holdings. Despite market difficulties, Chairman Tom Lee believes the fundamentals of ETH are strong and points out three major positive factors. 68.7% of the company's ETH has been staked, which is expected to generate significant passive income.
区块客56m ago
Dark Week for Asian Stocks! Korea locks out margin traders, Taiwan's many frogs are crying out, and Japan's NISA investors are feeling the pain of the stock market crash
The joint attack by the US and Israel on Iran caused a crash in Asian stock markets. South Korea's KOSPI plummeted nearly 20% over two days, marking the largest decline since 2008; Taiwan's stock market was also affected, with TSMC's market value evaporating nearly 2 trillion yuan, and PTT's stock board experiencing panic selling. The Japanese market also took a heavy hit, with the Nikkei index dropping over 4,000 points in three days. NISA investors are facing their first market crash challenge, and investor panic sentiment is rising. The market has not yet stabilized.
動區BlockTempo1h ago
BTC 15-minute increase of 0.83%: Short covering and on-chain large funds resonate to drive the move
From 08:30 to 08:45 (UTC) on March 4, 2026, BTC recorded a +0.83% return, with a price range of 69,305.8 to 69,914.2 USDT, and an amplitude of 0.88%. In a short period, market attention significantly increased, trading volume expanded compared to usual, reflecting rapid capital flow and heightened volatility.
The main drivers of this movement are partial short covering and concentrated liquidation of leveraged positions. Previously, after BTC retested a key support level, short positions were forced to cover and buy, pushing the price higher. During the same period, the frequency of large on-chain transfers and the average transaction amount increased markedly.
GateNews1h ago
