Chainlink price prediction: Sideways range likely as LINK slips amid weak demand

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Chainlink slides 1.20% to $13.13

Highlights

Bitwise received regulatory approval to list a spot Chainlink ETF on NYSE Arca, targeting an official launch in February 2026.
Chainlink is deepening its role in real-world asset tokenization via partnerships with Swift, Euroclear, JPMorgan, and UBS, extending its enterprise reach.
Grayscale Chainlink ETF demand remains weak, with no net inflows reported in recent days despite growing institutional developments.

ETF approval and partnerships drive institutional adoption amid weak inflows

Chainlink's institutional profile continues to grow with Bitwise securing regulatory approval to list a spot Chainlink ETF on NYSE Arca, scheduled for February 2026. The asset remains integral to blockchain infrastructure, providing decentralized data feeds for smart contracts and expanding through partnerships in real-world asset tokenization with major firms such as Swift, Euroclear, JPMorgan, and UBS. Demand for the Grayscale Chainlink ETF has been subdued, with no net inflows reported in recent days.

Unresolved momentum signals as price tests narrow range support

The nearest dynamic support is at the Ichimoku Kijun level of $12.99, while resistance aligns with the MA-50 at $13.05 and the next psychological round level at $13.50. Momentum signals are mixed, with the MACD on D1 showing a buy signal and the ADX indicating weak but positive trend strength; the RSI and Commodity Channel Index both mildly favor buying, while the Stochastic RSI remains neutral. Bull/Bear Power on D1 shows a strong buy, indicating intraday buyer dominance; however, the current price sits near the intraday low in a narrow $13.06–$13.17 band, highlighting low volatility and persistent selling pressure since the open. Divergence among oscillators points to unresolved direction in the very short term.

Downside risk prevails as volatility bands limit breakout

For the next five trading days, LINK is likely to trade within a typical volatility band of $13.06 to $13.50, remaining near current levels. The probability of an increase is very low (less than 20%), with a greater likelihood of declines based on bearish weekly indicators. Baseline scenario suggests sideways consolidation around $13.10–$13.30; a bullish scenario emerges only with a break above $13.50, targeting $14.00, while a drop below support at $13.06 could see a move toward $12.99 or lower.

Viktoras Karapetjanc, expert at Traders Union, sees Chainlink as showing solid institutional momentum with the coming ETF listing and ongoing major partnerships. He notes short- and medium-term technicals show a mild upward bias, but the lack of inflows to Grayscale’s ETF and the price still far below the MA-200 temper immediate optimism. The analyst expects sideways price action with a constructive outlook anchored by bullish potential if $13.50 is reclaimed. Still, weekly signals suggest declines are more likely in the very near term. "In my view, Chainlink’s fundamental strength remains intact — if bulls push above $13.50, I see renewed upside becoming likely."

Previously it was reported that Chainlink remains under downward pressure, trading below its medium- and long-term moving averages with weak technical momentum, as evidenced by a subdued RSI, negative MACD, and a lack of sustained buying interest. Current price action suggests a continued consolidation within a narrow range nearest to short-term support and resistance, with a baseline expectation of limited upside in the near term.

Source of Data: LINK Price Analysis by TU

The analysis is based on a proprietary model combining technical, on-chain, and expert data. Not investment advice. See methodology

The information is based on forecasts and does not constitute investment advice or a guarantee of future results. Market conditions may change. See our Disclaimer and Editorial Integrity for details.