Chainlink price prediction: Sideways action likely as LINK drops below resistance

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Chainlink drops 1.56% today at $13.89

Highlights

The U.S. SEC approved the Bitwise Chainlink ETF (CLNK), which began trading on NYSE Arca in January 2025 for regulated spot Chainlink exposure.
CLNK offers a 0% sponsor fee for the first three months on up to $500 million in assets, then transitions to a 0.34% ongoing management fee.
Coinbase provides custody and BNY Mellon oversees cash operations for CLNK, marking the second spot-linked Chainlink fund in the U.S. market.

Chainlink ETF launch signals rising institutional demand amid SEC approval

The U.S. Securities and Exchange Commission has approved the Bitwise Chainlink ETF (CLNK), which launched on NYSE Arca in January 2025 and provides regulated, spot exposure to Chainlink tokens. The ETF features a 0% sponsor fee for the first three months on up to $500 million in assets, transitioning to a 0.34% ongoing management fee, with custody provided by Coinbase and BNY Mellon overseeing cash operations. This launch marks the second spot-linked Chainlink fund to enter the U.S. market and highlights growing institutional acceptance.

Buyer exhaustion emerges as conflicting momentum and overbought signals persist

Momentum readings are mixed: the MACD offers a buy signal and the Average Directional Index is neutral, indicating trend strength is limited. Overbought signals dominate across the Commodity Channel Index, Bull/Bear Power, and Stochastic RSI, suggesting the rally may be overheated and buyer dominance remains, yet the Relative Strength Index maintains a constructive bias. The Awesome Oscillator supports the ongoing upward move. The last traded price slipped 1.56% from the previous session, with no opening gap observed, and sits in the mid-range of today's low-high band, reflecting moderate intraday volatility and modest pressure after the open. These conflicting momentum and overbought signals point to a divergence, indicating possible short-term exhaustion as intraday weakness contrasts with still-bullish momentum.

Sideways range eyed as downside risk grows on bearish technical bias

For the coming week, LINK is expected to remain between $12.55 and $14.20, a volatility band relative to current levels and avoiding excessive deviation from the present price. The probability of a further price increase is very low (less than 20%), making a decline more likely, as per bearish biases on weekly Moving Average, MACD, ADX, and the Relative Strength Index. The baseline scenario sees prices consolidating sideways in a corridor. The bullish scenario would require a sustained break above $14.20, targeting higher resistance, while a close below $13.20 could open downside risk toward $12.55.

Viktoras Karapetjanc, expert at Traders Union, sees Chainlink holding a constructive posture above key short-term moving averages, yet limited by lingering long-term resistance near $17.59. He notes that the SEC approval and launch of a regulated spot ETF for Chainlink is a significant signal of institutional acceptance and broader adoption potential. Macro and sentiment factors support the long-term outlook, but tactical signals are mixed, with some signs of buyer exhaustion in the short term. Karapetjanc believes the coming week favors sideways consolidation and a cautious approach unless $14.20 is convincingly broken. "If regulatory progress like the Chainlink ETF is paired with improving momentum, I expect renewed upside in the next quarter."

Last time, analysts noted that Chainlink is demonstrating strong short-term momentum as it trades above its 20- and 50-day moving averages, although it continues to face resistance below the 200-day moving average. Key indicators—including a bullish MACD, rising but not yet strong trend strength, and an RSI in bullish territory but with overbought signals—suggest ongoing upside attempts but with increased risk of consolidation or pullback near current resistance levels.

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.