The blockchain data flagged shows a spike in liquidations over the past 24 hours. Some observers believe the event may have been linked to a price update in an oracle system that Aave uses to determine the value of collateral.
Chainlink (LINK) is approaching a critical technical moment as price pushes back toward a key resistance zone while the broader chart structure signals growing pressure beneath the surface. After months of tight consolidation and repeated rejections near the same level, the market is now watching closely for a decisive breakout. $9.55–$9.60 Resistance Zone Remains the Key Barrier Chainlink has once again pushed back into the critical resistance zone between $9.55 and $9.60, a range that has historically acted as a significant ceiling for the asset. According to crypto analyst Cipher X, this area has already rejected price action in previous attempts, creating a persistent barrier that bulls have struggled to overcome. Related Reading: Analyst Says Chainlink Price Could Crash 50% If This Level Fails The current technical setup shows Chainlink ranging just beneath this resistance, lacking the necessary momentum to force a breakout. Cipher X emphasizes that a clean break and a sustained hold above the $9.60 level are required. Without this decisive shift in market structure, the asset remains trapped in a consolidatory phase, vulnerable to exhaustion. If the $9.60 level is successfully breached and flipped into support, the outlook becomes bullish. In this scenario, Cipher X expects a swift upward move targeting the $9.90 to $10.20 range. However, the risk of rejection remains high given the history of this zone. If the price continues to fail at the $9.60 mark, a retracement is the most likely outcome. Cipher X suggests that a pullback toward the $9.00–$8.80 liquidity zone would not be surprising, as the market would likely seek a deeper floor to gather the strength required for another attempt at the resistance. Multi-Year Consolidation Signals A Major Chainlink Setup Bitcoinsensus highlighted that Chainlink is currently experiencing strong monthly range compression following its previous expansion cycle. The asset has been locked in a broad consolidation phase for several years, a structure that often appears after a major bullish run as the market cools off and prepares for the next long-term move. Related Reading: Chainlink On Standby: A Big Move Is Loading, But Bitcoin Decides At the moment, price action has returned close to the lower boundary of this multi-year range, an area that historically acts as a key demand zone where buyers tend to step in. Given this positioning, the next major move for LINK will likely depend on how the market reacts around this level, making the range resolution especially important. According to the analysis, what matters most now is whether the price reclaims higher levels within the range or accepts trading below it. Extended periods of consolidation like this often precede powerful trend moves, but clear confirmation is still required before a sustained breakout or breakdown can be expected. Featured image from Freepik, chart from Tradingview.com
CME Group, the world’s largest derivatives marketplace, is expanding its footprint in crypto with the launch of new futures contracts tied to Cardano (ADA), Chainlink (LINK), and Stellar (XLM). In a blog post published Monday, the exchange confirmed that the crypto contracts went live on February 9, marking another step in the steady buildout of its regulated cryptocurrency product suite. New Futures And Index Launch Plan With the addition of ADA, LINK and XLM, CME now offers futures products covering seven major crypto assets. According to the company’s own estimates, the expanded lineup represents exposure to more than 75% of the total cryptocurrency market capitalization. Related Reading: Bitcoin And Ethereum Prices Are Recovering Again, But Will The US-Israel War Derail It? The new crypto contracts are cash-settled and reference the CME CF Reference Rates. Each token is available in both standard and micro-sized contracts, allowing for participation from a broad range of institutional and smaller market participants. The first LINK and XLM futures trades were executed between FalconX and Marex, while the inaugural ADA transactions took place between Cumberland DRW and Wintermute. In addition to the new token-specific contracts, CME revealed plans to roll out a Nasdaq CME Crypto Index futures product, targeted for launch on March 16, pending regulatory approval. Crypto Derivatives Hit Record Volumes In 2025 In its blog post, the company also highlighted the rapid growth of its crypto derivatives business. In 2025, CME recorded a milestone year for its digital asset product suite, reporting an average daily volume of 278,300 contracts. Related Reading: Wall Street Giant JPMorgan Sees Clarity Act Driving Second-Half Upside That figure translates to roughly $12 billion in notional value traded each day. Growth has also been reflected in rising average daily open interest, underscoring sustained institutional engagement since the product line’s inception. Featured image from OpenArt, chart from TradingView.com
Taylor Lindman, former deputy general counsel at Chainlink Labs joined the SEC's crypto task force on Monday.
Chainlink is approaching a technically sensitive area with a growing downside risk on higher timeframes that was flagged by a crypto analyst. Based on a recent technical analysis on X, the analyst noted that LINK’s current weekly structure leaves the market vulnerable if an important support zone around $10 gives way. The price action is still holding above that area for now, but the chart shows that a decisive move below it could quickly change the outlook into a bearish mood. Head And Shoulders Formation On Weekly Timeframe According to a popular crypto analyst known as CryptoBullet on X, LINK’s weekly chart has carved out a standard head and shoulders formation. Based on the rules of technical analysis, the Head and Shoulders (H&S) pattern is bearish. The pattern resolves bearish when there is a confirmed break below the neckline resistance. Related Reading: Bitcoin Price Prediction: Analyst Forecasts 72.86% Crash To $30,000 Technical analysis of Chainlink’s price action shows the left shoulder formed during the early stages of the 2024 recovery, followed by a higher peak that marked the head in early 2025. This was then followed by another lower high that completed the right shoulder in the second half of 2025. However, the most important zone to watch is the neckline support, which slopes slightly upward and is currently sitting in the $10 to $11 region. This support zone has acted as structural support during multiple pullbacks while the head and shoulders pattern was taking shape, making it the most important level to watch going forward. As long as the price holds above it, then the pattern is unconfirmed. ChainLink Price Chart. Source: @CryptoBullet1 on X Losing Support Level And Price Targets The analyst cautioned that a decisive weekly close below the neckline would activate the bearish setup. In technical analysis, a confirmed head and shoulders breakdown is known to open the path to a measured move equal to the height of the pattern. Applied here, that projection places LINK’s downside target in the $4 to $5 range, which would represent just about a 50% decline from current price levels. CryptoBullet described this outcome as the lowest area LINK could reach this year if there’s strong selling pressure, and that such a move would only come into play if support fails very quickly. Related Reading: Ripple’s Next Steps: Where XRP Stops Being Trade And Starts Being Infrastrucutre Notably, the analysis also pointed to an intermediate level that could act as a stopping point that might stop LINK from crashing to $4. A more conservative downside target is around $7.15, which is connected with the Point of Control on the Volume Range Visible Profile and overlaps with the 2022 to 2023 accumulation zone that’s shown on the chart above. At the time of writing, LINK is trading at $11.98, up by 1.1% in the past 24 hours but down by 5.4% in a seven-day timeframe. A rebound from the neckline area would shift the short-term outlook to a relief bounce. Featured image created with Dall.E, chart from Tradingview.com
Chainlink remains on standby as daily candles continue to show indecision, keeping traders on edge. The next significant move for LINK largely depends on Bitcoin’s momentum, with bulls and bears waiting for a clear signal before committing. Until then, the market is in a holding pattern, building tension for the breakout or breakdown. Traders Await Clear Direction For Chainlink According to an update from CryptoWzrd, the daily candles for both Chainlink and LINKBTC continue to print indecisive price action, reflecting a lack of strong conviction from either side of the market. Despite recent movements, neither buyers nor sellers have been able to establish a clear directional edge, keeping the broader outlook neutral for now. Related Reading: Chainlink Drops To $12.50, But Largest Whales Are Accumulating To gain a reliable directional bias and unlock higher-probability trade opportunities, healthier and more decisive daily candles are required, as price could continue to chop within its current range. Bitcoin is expected to remain the primary driver of the next significant move. In particular, LINKBTC needs to print another bullish daily candle in the coming week to maintain any constructive momentum. Failure to do so could shift the balance back in favor of the bears and increase downside pressure. A continuation of weakness would likely result in a break of the daily lower-high trendline, followed by a loss of the critical $12 support level. On the bullish side, if Bitcoin provides the necessary support, LINK could attempt a recovery rally toward the $16 resistance zone. Until a clearer higher-timeframe structure emerges, the trading focus remains tactical. Attention will be placed on the lower-timeframe charts, particularly over the weekend, to capitalize on quick, short-term opportunities while avoiding unnecessary exposure to indecisive daily conditions. Intraday Chart Shows Tight Range, Market Lacks Clear Direction The analyst concluded that the intraday chart remains choppy, with price action tightly compressed within a narrow range. Such conditions point to persistent market indecision, in which neither bulls nor bears have shown sufficient conviction to drive a sustained move in either direction. As a result, trade setups lack clarity and carry elevated risk. Related Reading: Chainlink Stuck In A Micro-Range As Traders Await A Clear Trigger From a tactical perspective, a retest of the $13 resistance level, followed by clear signs of rejection or fading momentum, could open the door to a short opportunity. However, if price holds above $13 with strong acceptance, that would place the market in more constructive territory and tilt the bias back in favor of the bulls. Until one of these scenarios plays out decisively, the analyst emphasized the importance of waiting. A more mature and well-defined chart structure is needed before engaging in the next trade, ensuring better confirmation, cleaner entries, and improved risk-to-reward conditions. Featured image from Getty Images, chart from Tradingview.com
Chainlink’s native token, LINK, continues to trade within a clearly defined price channel, reflecting a period of consolidation as the broader crypto market is yet to establish a clear market direction. Meanwhile, renowned analyst Ali Martinez provides some key insights on the LINK market, highlighting the potential price targets for the next breakout. Related Reading: Litecoin Structure Intact, But $63 Remains The Line Bulls Must Defend Chainlink In Compression Phase Between $12-$15 — What Next? In a recent X post, Martinez shares an analysis of the LINK 12-hour chart, which shows the altcoin has been range-bound between key support at $11.89 and resistance near $14.64, a structure that has remained intact over multiple trading sessions stretching back to 2025. This price behavior implies that neither bulls nor bears have been able to assert sustained control as each attempt to push higher has been capped near the upper boundary of the channel, while pullbacks have consistently found buyers around the $11.89 support zone. From a technical standpoint, the channel highlights a phase of consolidation following earlier volatility. Therefore, this structure may be laying the groundwork for a more decisive move once the price escapes the current boundaries. The $14.64 resistance level remains the key hurdle for bullish continuation. A confirmed breakout above this zone, ideally supported by rising volume, could reignite upside momentum with potential targets set at $17.00. On the downside, a loss of the $11.89 support could change the technical outlook, exposing LINK to deeper retracements, with potential around $10.00. For now, however, this support has held firm, reinforcing the validity of the channel and keeping bearish momentum in check. Related Reading: Ripple’s Next Steps: Where XRP Stops Being Trade And Starts Being Infrastrucutre LINK Market Overview At press time, LINK trades at $12.21, reflecting a major loss of 10.95% in the last seven days amid a general market downturn. However, the monthly loss of just 1.09% indicates that downside momentum remains relatively contained, suggesting that recent selling pressure may be corrective rather than structural and that many new market entrants could soon return to profit if prices stabilize. In other news, Chainlink has completed the acquisition of Atlas, the order flow auction protocol developed by FastLane. According to the blockchain team, this move strengthens Chainlink’s value capture stack by expanding the reach of Chainlink SVR into the new DeFi ecosystem, thereby helping improve MEV recapture. With a market cap of $8.65 billion, Chainlink is ranked as the 13th largest digital asset in the world. Featured image from Trackit, chart from Tradingview.com
Chainlink is a dominant software platform quietly powering stablecoins, tokenization, DeFi and institutional adoption across crypto, said Matt Hougan.
On-chain data shows the largest of Chainlink whales have been accumulating recently even as the cryptocurrency’s price has slipped below $13.00. Top 100 Chainlink Whales Have Been Expanding Their Supply In a new post on X, on-chain analytics firm Santiment has talked about the latest trend in the holdings of the 100 largest addresses present on the Chainlink network. Related Reading: Bitcoin IFP Hints At Potential Turnaround: What It Means This category of holders naturally includes the large whales, investors who carry sums significant enough to have some influence on the blockchain. As such, their combined supply can be worth keeping an eye on. Below is the chart shared by Santiment that shows the trend in the supply of the 100 largest Chainlink addresses over the last few months. As displayed in the graph, the Chainlink supply held by the top 100 addresses went up in November as the cryptocurrency’s price plummeted, a possible sign that big-money investors were loading up. These whales shed some of their holdings in December and the first week of January, but recently, they have showed signs of renewed accumulation as LINK’s price has plunged below the $13.00 level. Compared to the start of November, the cohort’s holdings are up 16.1 million tokens. “As retail sells off due to impatience & FUD, it’s common to see smart money gather up more $LINK to prepare for (or cause) the next pump,” explained the analytics firm. It now remains to be seen whether this accumulation will have any effect on the cryptocurrency. Chainlink isn’t the only asset that has seen movements from large investors recently. As Santiment has highlighted in another X post, Bitcoin sharks and whales have participated in net buying over the last nine days. In the context of BTC, sharks and whales are defined as investors holding between 10 to 10,000 tokens. Below is a chart that shows how the supply of these investors has changed since late July. As is visible in the graph, the Bitcoin sharks and whales have increased their combined supply by 36,322 BTC in the last nine days, equivalent to an increase of 0.27%. Interestingly, the large investors have held on despite the fact that the asset’s price has gone through a retrace over the past few days. Related Reading: $790 Million In Crypto Longs Decimated As Bitcoin Plunges To $93,000 However, the same hasn’t been true for the opposite end of the market, the retail entities. These investors, corresponding to addresses holding less than 0.01 BTC, have shed 132 BTC (0.28%) in the same window. LINK Price At the time of writing, Chainlink is floating around $12.33, down more than 10% in the last seven days. Featured image from Dall-E, chart from TradingView.com
The upgrade uses a "pull" model for sub-second updates, allowing more advanced trading logic and avoiding high gas costs.
The era of the crypto industry being seen as a two-asset town is officially over at the world’s largest derivatives marketplace. On Jan. 15, CME Group announced plans to launch futures contracts for Cardano (ADA), Chainlink (LINK), and Stellar (XLM) on Feb. 9, pending regulatory review. This move represents a calculated signal from the Chicago-based […]
The post Crypto futures legitimized by CME with Cardano, Chainlink, and Stellar addition, but retail traders face a massive catch appeared first on CryptoSlate.
Leading derivatives exchange CME plans to add futures contracts tied to Cardano (ADA), Chainlink (LINK), and Stellar (XLM) to continue growing its roster of regulated crypto derivatives. Related Reading: Analyst Says It’s Time For Ethereum’s ‘Big Test’ – Is ETH Season Loading? CME Adds New Altcoins To Crypto Derivatives Lineup On Thursday, Chicago-based derivatives exchange CME Group announced a new expansion of its lineup of regulated crypto derivatives with the upcoming inclusion of Cardano, Chainlink, and Stellar futures. According to the announcement, the new crypto additions are expected to launch on February 9, 2026, although they are still pending regulatory review. In addition, they will offer both micro-sized and larger-sized contracts for the three cryptocurrencies. For the standard Cardano futures, the contract will cover 100,000 ADA, while the micro-sized ADA futures will consist of 10,000 tokens. In addition, the Chainlink and Stellar’s large-sized futures will be set at 5,000 LINK and 250,000 XLM, respectively, while the small-sized contracts will cover 250 LINK and 12,500 XLM. The upcoming Cardano, Chainlink, and Stellar futures contracts build on the derivatives exchange’s existing crypto suite, which includes four of the largest cryptocurrencies by market capitalization. In 2017, CME first launched Bitcoin (BTC) futures, followed by the introduction of Ethereum (ETH) futures in 2021. In the first half of 2025, the Chicago-based exchange added Solana (SOL) and XRP futures to its lineup, introducing options for both cryptocurrencies later in the year. Giovanni Vicioso, CME Group Global Head of Cryptocurrency Products, highlighted the industry’s expansion and development over the past few years, affirming that “given crypto’s record growth over the last year, clients are looking for trusted, regulated products to manage price risk as well as additional tools to gain exposure to this dynamic market.” “With these new micro- and larger-size Cardano, Chainlink and Stellar futures contracts, market participants will now have greater choice with enhanced flexibility and more capital-efficiencies,” he added. Cardano, Chainlink, Stellar Price Reaction Despite the positive development, the trajectory of ADA, LINK, and XLM remained mostly unchanged, with the three altcoins continuing their intraday correction. Chainlink and Stellar both saw 4% declines from their Thursday highs, falling to the $13.60 and $0.225 levels. LINK has momentarily lost the $13.80 level as support and is attempting to hold the current area to prevent further bleeding. Similarly, XLM was also rejected from the Wednesday highs and bounced from the $0.230 before continuing its descent toward its two-day low. Related Reading: Bitcoin Nears ‘Historic’ Technical Test As Price Eyes $93,500 Barrier – What’s Next? Meanwhile, ADA was attempting to reclaim the $0.41 area ahead of the announcement, briefly bouncing from the recent pullback. Notably, Cardano surged over 10% from the recent lows toward the crucial $0.42-$0.43 area. However, the altcoin was rejected from this zone on Wednesday, retracing nearly 9% from the local highs to retest the $0.40 level. On Thursday morning, the cryptocurrency bounced from this area, but ultimately resumed its correction as the day progressed. As a result, Cardano has retraced most of this week’s gains, currently trading around the $0.391 mark. Featured Image from Unsplash.com, Chart from TradingView.com
CME is positioning crypto futures as a testing ground for broader changes like smaller contract sizes and, eventually, continuous trading.
According to CryptoWzrd’s daily technical outlook, Chainlink closed the session without a clear directional bias, keeping the focus on the intraday structure. Price is currently confined to a tight range. A controlled dip toward the $12.80 support, followed by a bullish reaction, could present a long opportunity, while holding above $13.50 would open the door for further upside. Indecisive Daily And Weekly Closes Signal Market Uncertainty Moving forward, CryptoWzrd noted that the daily candles for both Chainlink and LINK/BTC closed without conviction, reflecting ongoing indecision in the market. This lack of directional clarity suggests that neither buyers nor sellers are currently in full control, reinforcing the need for patience as prices continue to consolidate. Related Reading: Chainlink Shows Strong Accumulation Signal: LINK Exchange Liquidity Dries Up The indecision extends to the weekly timeframe as well, where candles also failed to deliver a decisive close. Currently, the chart still lacks maturity; therefore, healthier price action is needed before a clearer structural bias can be established. From a relative strength perspective, LINK/BTC must push higher to confirm broader upside potential. That shift is likely to coincide with a decline in Bitcoin dominance, particularly if it breaks down and holds below the 59% support level. Until then, Chainlink may struggle to outperform on a sustained basis. In the near term, LINK is expected to remain range-bound. On the upside, a clean break above the $16 resistance zone would significantly improve the bullish outlook and open the door to higher targets and stronger long setups. Meanwhile, on the downside, the $12 area stands out as the primary support zone to watch. As long as price trades between these boundaries, focus remains on lower timeframes, where short-term structure and momentum shifts can offer scalp opportunities while the broader market waits for direction. Choppy Intraday Action Signals Compression Before Expansion The analyst went on to conclude that intraday price action was notably choppy and slow, reflecting ongoing indecision and a lack of strong participation from either side of the market. Such conditions often act as a compression phase, where price builds energy before a larger move, increasing the likelihood of heightened volatility in the sessions ahead. Related Reading: Chainlink Bullish Path – This Zone Will Decide The Next Big Move From a trading perspective, a clean bullish breakout above the $13.50 resistance level would serve as a clear long trigger, signaling renewed momentum and improved structure. An alternative scenario involves a bearish pullback toward the $12.80 support zone, which would also favor long positions following a convincing bullish reversal. That said, Bitcoin’s direction remains a key driver and will likely dictate how Chainlink ultimately resolves its range. Until stronger confirmation appears, the emphasis remains on patience and discipline, waiting for the market to present a well-defined and healthy trading opportunity rather than forcing trades in low-quality conditions. Featured image from Pngtree, chart from Tradingview.com
Chainlink is trading under sustained pressure as the price continues to struggle below the $13 level, failing to regain the bullish momentum that defined earlier phases of the market cycle. Repeated attempts to reclaim higher ground have been rejected, reinforcing a cautious outlook among traders. As broader market sentiment remains fragile, a growing number of analysts are warning that LINK could face additional downside before a meaningful recovery takes shape. Related Reading: Trust Wallet Exploit Drains $7M: Hundreds Of Users Affected Despite the weak price action, on-chain data tells a more nuanced story. Analyst at CryptoQuant, known as CryptoOnchain, reports that recent market data reveals a compelling convergence between on-chain metrics and technical structure, pointing to growing accumulation activity at current levels. While price remains compressed, underlying behavior suggests that larger market participants may be positioning quietly rather than exiting. This divergence between declining price and improving on-chain signals is often observed during transitional phases of the market, when selling pressure begins to fade, but confidence has not yet returned. According to CryptoOnchain, indicators tracking exchange flows and holder behavior show signs of significant buying interest emerging beneath the surface, even as LINK struggles to attract speculative demand. Exchange Outflows and Long-Term Support Point to Accumulation The analysis highlights a notable shift in Chainlink’s on-chain and technical dynamics, starting with exchange netflows. According to the Binance Altcoins Token Netflow 7-day chart, Chainlink has seen a substantial withdrawal from Binance over the past week, with total outflows approaching $50 million. This magnitude stands out when compared with other large-cap altcoins such as Uniswap (UNI) or The Sandbox (SAND), which have not experienced similar capital movements over the same period. In on-chain analysis, large and sustained exchange outflows are commonly interpreted as a reduction in immediate selling pressure. Rather than preparing to sell, holders appear to be moving LINK into self-custody or long-term storage, signaling a shift toward holding behavior. This type of activity is often associated with accumulation phases, particularly when it occurs during periods of weak price action. At the same time, the technical structure reinforces the on-chain signal. The LINK/USDT daily chart shows price resting directly on a long-term bullish trendline that has acted as dynamic support since 2020. Historically, this level has consistently attracted demand and limited deeper drawdowns during corrective phases. The convergence of heavy exchange outflows and a retest of major historical support sends a strong signal of smart money accumulation. It suggests that larger investors view current levels as a strategic entry zone. Defending this support remains critical, as holding it would preserve Chainlink’s long-term bullish structure and increase the probability of a future trend reversal. Related Reading: Why $100,000 Is Bitcoin’s Most Important Resistance Level LINK Testing Structural Demand Chainlink (LINK) continues to trade under pressure, with price hovering around the $12.50 level on the 3-day chart after an extended corrective phase. The structure shows a clear loss of bullish momentum following repeated rejections from the $20–$25 region earlier in the cycle. Since that peak, LINK has established a sequence of lower highs, confirming a medium-term downtrend that remains intact. From a technical perspective, LINK is currently trading below its short- and medium-term moving averages, which have rolled over and are now acting as dynamic resistance. The 50-period moving average sits well above the current price, reinforcing the idea that recent rebounds have been corrective rather than impulsive. The longer-term moving average, however, is flattening near current levels, suggesting that selling pressure may be slowing as price approaches a historically important zone. Related Reading: Ethereum Bearish Structure Meets Bullish Supply Signal – What Happens Next The $12–$13 range stands out as a key support area. This level has acted as a pivot multiple times over the past two years, repeatedly attracting demand during periods of broader market weakness. The fact that LINK is consolidating rather than breaking down aggressively suggests that sellers are losing momentum. Volume behavior supports this view. While sell-offs earlier in the year were accompanied by sharp volume spikes, recent price action shows reduced participation, indicating distribution may be giving way to stabilization. For LINK to signal a meaningful trend reversal, bulls must reclaim the $15–$16 zone. Featured image from ChatGPT, chart from TradingView.com
On-chain data shows the top 100 whales on the Chainlink network have again started accumulating the asset recently, retracing their earlier distribution. Top Chainlink Addresses Have Been Adding Since The Start Of November In a new post on X, on-chain analytics firm Santiment has discussed about the latest trend in the holdings of the top Chainlink addresses. Santiment defines “top addresses” as the 100 largest wallets on the network. Related Reading: Bitcoin, Ethereum Plunge Triggers Near-$600 Million Crypto Long Flush This category would naturally include the largest of whales on the blockchain, who carry some degree of influence due to the sheer size of their holdings. As such, the behavior of these investors may be worth monitoring. Now, here is the chart shared by Santiment that shows how the Chainlink supply held by the top addresses has changed over the last few months: The value of the metric appears to have gone up in recent weeks | Source: Santiment on X As displayed in the above graph, the combined supply of the 100 largest Chainlink wallets witnessed a decline in October, implying that these massive entities were participating in distribution. The selling from the top addresses first began as LINK’s price went through a sharp crash. The selloff continued until the start of November, when the indicator finally arrived at a bottom. Shortly after, the supply of the 100 largest LINK investors saw a reversal, signaling the return of accumulation. According to Santiment, these whales have collectively added 20.46 million tokens (about $263 million) to their holdings. This has not only retraced the October drawdown in their supply, but also in fact taken it to an even higher level. While the top Chainlink addresses have shown net accumulation since the start of November, the pace of buying hasn’t been constant. From the chart, it’s apparent that most of the accumulation occurred in November, with not much coming in December so far. It now remains to be seen what trend the 100 largest LINK investors will show next, and whether it will have any influence on where the cryptocurrency heads next. In some other news, Chainlink recently lost a multi-year technical support line, as analyst Ali Martinez has highlighted in an X post. As is visible in the above chart, Chainlink made two retests of this line during the first half of 2025 and each time, it found support. The retest that occurred after the latest price downtrend, however, ended up in failure, with the asset dropping below this line for the first time since 2023. Related Reading: US Bitcoin Session Leads December Returns After Weak November After the breakdown, LINK attempted to retrace it, but the retest from below also ended in rejection, a potential sign that the support may have flipped into resistance. LINK Price Following its most recent drop, Chainlink is trading around $12.96. Featured image from Dall-E, Santiment.net, charts from TradingView.com
The bridge uses Chainlink's CCIP to ensure consistent behavior across chains, mirroring the behavior of underlying assets.
Coinbase tapped Chainlink services for $7 billion bridge, but broader crypto weakness weighed on price.
The integration enables users to move these assets across different networks and applications, leveraging Chainlink's secure oracle networks.
Crypto analyst CryptoWzrd, in a recent Chainlink daily technical outlook, noted that the candle closed slightly bearish, but the overall structure remains constructive and pushes toward the key $16.00 resistance, where momentum could shift quickly. According to the analyst, a retest of the $13.50 support or a break above the $15.20 resistance will be the critical trigger for the next major trade setup. Indecisive Daily Close Sets the Stage For A Critical Trendline Test CryptoWzrd noted that both LINK and LINKBTC closed the daily candle in an indecisive manner, reflecting uncertainty in the short-term market direction. Despite this hesitation, the broader structure remains intact, and price action is approaching a technically significant point that will play a crucial role in determining the next major move for Chainlink. Related Reading: Chainlink At A Turning Point: Triangle Pattern Holds, But One Line Must Break According to the analyst, LINKBTC is now testing its daily lower-high trendline. A series of bullish candles emerging from this zone would be a strong signal that buyers are re-entering the market. If this momentum builds, it is likely to spill over into Chainlink, potentially triggering an impulsive rally. Should bullish confirmation appear, LINK could drive toward the $16 resistance level, a region that has been tested multiple times in the past. A clean breakout above $16 would open the door for a swift extension toward the next major hurdle for the bulls $20 resistance, marking a significant continuation of upward momentum. On the downside, CryptoWzrd emphasized that the $12 level stands as the primary support. A daily close below this level would weaken the bullish structure and could signal a deeper correction. Until then, the trendline test remains a critical focal point where LINK’s uptrend will continue or reverse. ChainLink Choppy Intraday Movement Signals Caution Conclusively, the analyst highlighted that the intraday chart was characterized by being somewhat choppy and trading within a very tight, small range. This consolidation phase often precedes a significant directional move, but it has made short-term trading decisions challenging without a clear trigger. Related Reading: Chainlink Approaches Key Breakout Levels as ETF Launch Triggers Market-Wide Buzz The analyst defined a specific setup to watch for: a bearish pullback towards the $13.50 support level, followed by a decisive bullish reversal, would serve as the ideal trigger for a long position. Such a trade would initially target the $15.20 resistance and potentially move toward higher levels thereafter. By confirming immediate strategic focus, the analyst stated that his attention “tomorrow will remain on the lower time frame chart development” to scout the next optimal scalp opportunity. This indicates a short-term, opportunistic trading mindset by waiting for the confined range to break or for the identified mean-reversion setup at $13.50 to play out. Featured image from Pngtree, chart from Tradingview.com
Grayscale’s conversion of its legacy Chainlink trust into the GLNK exchange-traded product on Dec. 2 did more than simply add another ticker to the NYSE Arca board. With roughly $13 million in day-one trading volume, $41 million in immediate inflows, and assets climbing to approximately $64 million within the first 48 hours, GLNK entered the […]
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The bridge, secured by Chainlink's Cross-Chain Interoperability Protocol, allows users to trade and interact with Solana-based tokens on Base-based dapps.
Chainlink (LINK) is once again in the spotlight across the cryptosphere after the launch of the first U.S. Chainlink-focused ETF sparked a sharp price rebound and renewed institutional interest. LINK surged more than 20% in 24 hours, trading around $14.4 as volumes and market participation accelerated. Related Reading: Can the Fusaka Upgrade Renew Ethereum’s Momentum After Recent Price Hit? Chainlink ETF Launch Sparks Strong Market Reaction Grayscale launched the GLNK ETF on December 2, converting its previous private Chainlink trust into a publicly traded product on NYSE Arca. The ETF opened with zero fees and recorded more than 1.17 million shares traded on its first day, far above historical averages. Trading volume reached roughly $13.8 million, while early inflows were reported near $43 million, reflecting strong initial demand. The ETF gives institutions regulated exposure to LINK without requiring direct token custody. With access through major platforms such as Fidelity and Robinhood, Chainlink is receiving increased visibility among traditional investors. Grayscale currently holds about 1.3 million LINK tokens through the product. Derivatives data also shows rising interest, with LINK futures open interest climbing more than 20% and funding rates turning positive as traders add long positions. LINK's price gains some momentum on the daily chart. Source: LINKUSD on Tradingview Technical Signals Point Toward Breakout Potential Beyond ETF-driven momentum, the LINK chart is drawing attention from technical analysts. Several analysts have emphasized a rare four-year descending wedge pattern, typically associated with long-term compression before a breakout. LINK recently bounced from the $12.50 support level, forming higher lows and regaining key Fibonacci levels. Momentum indicators are turning positive as well. The daily RSI has recovered to around 53, while MACD signals improving strength. LINK is now approaching the $14.96 Supertrend level and remains below the 50-day and 200-day EMAs, both key levels the market is watching for confirmation of a trend shift. If the token holds above $13, analysts expect a possible move toward the $18–$20 resistance range. A break above these zones could open the path toward the higher targets mentioned by long-term analysts. Year-End Targets Strengthen as Market Sentiment Improves Crypto analyst Ali Martinez notes that LINK is currently sitting on an important long-term support trendline, which could act as a foundation for a move toward $26 and potentially $47 if momentum continues. Rising institutional inflows, accelerating derivatives activity, and a new spot ETF creating a steady channel for capital have strengthened market expectations. Related Reading: $93K And Climbing: Analysts Say Bitcoin’s Push To $100K Has Begun For now, traders are watching the $12–$13 support area for signs that LINK can sustain its recovery. A decisive move above $14.50–$15 would mark the next major step toward a full bullish breakout. Cover image from ChatGPT, LINKUSD chart from Tradingview
The oracle token outperformed most major cryptocurrencies as U.S. investors gained ETF access to LINK for the first time.
Chainlink is approaching a decisive moment as its price compresses within a well-defined triangle structure. The pattern remains strong, but the market is signaling that a major move is imminent. Everything now hinges on a single trendline break, one that will determine whether LINK is ready to reverse higher or sink into a deeper correction. B-Wave Extension Back In Focus: Is The Triangle Still Intact? According to crypto analyst More Crypto Online in a recent update on Chainlink, it is crucial to step back and examine the bigger picture of the asset’s price action. The analyst believes the market is likely still extending the yellow B-wave correction. At the moment, the analyst is considering that this B-wave may be unfolding as a complex triangle pattern, as seen in the “yellow scenario.” Related Reading: Chainlink’s Next Major Move Comes After This Range, Analyst Says Despite the triangle hypothesis, the analyst emphasizes that there is currently no evidence that a definitive low has formed. To confirm a structural reversal, LINK requires a clear 1-2 setup to the upside, which would signal the start of a new impulsive trend. As stated in previous updates, a confirmed bottom hinges on a break above the first yellow trendline. The triangle pattern, which typically unfolds as a 5-wave structure (A–B–C–D–E), remains valid for now, without a confirmed low. This pattern suggests that the price will continue to consolidate sideways, trapping both bulls and bears. More Crypto Online defined the critical invalidation point for the primary count. If the price were to break below the Monday, April 4th, low at $10.20, the current triangle microstructure would be entirely invalidated. Meanwhile, the broader B-wave correction would still be theoretically possible, but would likely unfold in a different structural path. Critical Support Cluster: $10.70, $8.94, And $6.90 In Focus More Crypto Online went further to highlight the next crucial support levels if the current triangle structure fails, which are located at $10.70, $8.94, and $6.90. The analyst cautioned that a definitive break below the $6.90 mark would significantly increase the probability of an alternative scenario for Chainlink: the unfolding of a larger degree Wave 4. Related Reading: Chainlink Maintains Its Base, But One Push Could Flip Sentiment Fast For now, the immediate focus is on how the price reacts within the key Fibonacci support zone defined by the boundaries of $6.90 and $10.70. The analyst concluded by stating the necessary condition for a structural low: the earliest sign of a reversal would be a break above the yellow trendline. Until that happens, the trendline continues to act as firm resistance, keeping the local downtrend structurally intact and signaling that caution remains necessary. Featured image from Pngtree, chart from Tradingview.com
The debut marks the first U.S. ETF tied to Chainlink, which secures tens of billions of dollars in onchain value across DeFi and gaming.
The token broke below $12, breaching key support levels with heavy trading volume, confirming the downtrend.
Grayscale's report comes shortly after it filed to convert its Chainlink Trust into an exchange-traded fund (ETF) that would trade on NYSE Arca.
LINK could target $14.50 if momentum sustains, CoinDesk Research's analysis tool suggested.
When Chainlink briefly appeared on a DTCC reference list, the crypto industry jumped to claim a “LINK ETF confirmed.” In reality, just like with XRP and Bitcoin, this was just a routine DTCC plumbing update, preparing for potential ETFs long before the SEC signs off. LINK had made it into the settlement system, not past […]
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