Chainlink News: LINK Price Prepares for Big Rally as ETF Listing Generates Interest

Chainlink News: LINK Price Prepares for Big Rally as ETF Listing Generates Interest

Chainlink Trades Near Support as ETF Listing Increases Attention; technical patterns indicate oversold conditions and a possible breakout ahead.

Chainlink is showing signs of building momentum after the recent pullback. The market now seems focused on technicals and ETF developments that could trigger a strong rally.

LINK is now trading near support levels around $14, offering traders a possible entry point before a bigger move.

LINK Consolidation forms symmetrical triangle

LINK has formed a symmetrical triangle since 2021. Analysts point to the pattern’s lower highs and higher lows, with the triangle tightening around $16.

This indicates reduced volatility and the approach of an impending breakout.

Chainlink is trading between the price level of $13 and $16 | source- Trading view

The current range between $13 and $26 is a no-trade zone, indicating that some caution is needed when taking new positions. Traders are looking for a clear break above $26 for bullish confirmation.

A drop below $13 could push LINK to $8, demonstrating the importance of the triangle in defining risk.

ETF listing stimulates institutional interest

Bitwise’s Chainlink Spot ETF recently listed on the DTCC website. This shows that there is a continued increase in institutional attention, and these types of developments tend to encourage investment from large funds.

Recent inflows into ETFs are supporting the market’s optimism despite near-term price weakness.

So far, analysts say the ETF could act as a catalyst for a rally if LINK breaks above its consolidation zone.

Short-term pullback shows oversold conditions

LINK is now trading near $15.40 after a brief pullback from $16.50. Selling pressure appears to have increased as traders secured profits after the previous rally.

Daily volume remained solid at $746 million, showing that market activity is still strong.

Chainlink's RSI shows oversold conditions
Chainlink’s RSI Shows Oversold Conditions | source- Trading view

So far, technical indicators are showing signs of oversold conditions. The 14-period stochastic oscillator is now below 15, while the RSI is hovering around 36.

These levels generally show a potential near-term rebound, and traders could see a recovery towards $16.30 if buyers defend current support.

Technical targets indicate major benefit

Analysts have set multiple bullish targets for LINK and a confirmed breakout above $16.27 (EMA 26) could open the way to $18.00.

Strong momentum could push the price above $30 in the medium term, and some analysts indicate that LINK could reach $50 to $72 in the coming months if the breakout is successful.

Open interest in LINK has been moderate so far
Open interest in LINK has been moderate so far | source- Mint glass

Meanwhile, Chainlink futures are showing cautious sentiment. Open interest remains subdued and MACD values ​​show short-term bearish momentum.

However, the slight decline in the MACD indicates a possible easing of selling pressure.

That said, a drop below $13.30 could trigger stronger bearish moves towards $11.63.

Related Reading: LINK Sees a $20 Breakout as Bullish Momentum Gains Strength

Entry strategy for traders

LINK’s current price action offers great buying opportunities for more risk-tolerant traders.

Conservative entries can target $13.40–$13.60 near the lower Bollinger Band, while aggressive positions can start between $14.10–$14.30.

Stop-losses around $12.80 could reduce exposure if bearish pressure increases.

So far, profit-taking targets include $15.20 (EMA 12) and $16.50. That said, traders should consider limiting their allocations to 3-5% of their portfolio per position.


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