Chainlink price prediction: Will oversold signals lead to a rebound? LINK trades lower

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Chainlink slides 0.79% today to $12.65

Highlights

Grayscale launched the Chainlink Trust ETF (GLNK) on NYSE Arca, granting investors access to Chainlink through traditional brokerage accounts.
The ETF features an initial 0% management fee for three months, rising to 0.35% annually after the promotional period.
This product broadens institutional and retail investment options focused on Chainlink's decentralized oracle network, expanding Grayscale's offerings in the crypto ETF space.

Institutional demand grows as Grayscale debuts Chainlink ETF

Grayscale has launched the Chainlink Trust ETF (GLNK) on NYSE Arca, providing investors a new way to access Chainlink through traditional brokerage accounts. The ETF initially offers a 0% management fee for three months, which will change to 0.35% annually. This product expands the suite of institutional and retail investment options focused on Chainlink's decentralized oracle network.

Mixed momentum and lack of support sustain seller advantage

The nearest key dynamic resistance is at the Ichimoku Kijun ($13.20), while there is no immediate support above the current price. Momentum indicators are mixed: the D1 MACD gives a "Strong Buy" signal, but the ADX remains neutral and weak. Oversold conditions are seen on the Stochastic RSI, Bull/Bear Power, and CCI, with the RSI still in bearish territory, highlighting ongoing seller dominance. Bull/Bear Power (BBP) remains negative, underscoring sellers’ control intraday.

Downside risk prevails as LINK trades in narrow volatility band

For the next five trading days, LINK is likely to trade within a typical volatility band of $12.20 – $13.20. The probability of a sustained price increase is very low (less than 20%), as moving averages and trend indicators suggest further downside risk. The baseline scenario is a sideways range between $12.20 and $13.20, but a close above $13.20 would be needed for a bullish reversal. A break below $12.20 could trigger deeper declines toward the lower $12.00 area.

Anton Kharitonov, Traders Union expert, sees ongoing downside pressure on Chainlink (LINK) despite the recent Grayscale ETF launch. The analyst notes that price remains pinned below all major moving averages, with sellers keeping control across timeframes. He believes that weak momentum and oversold signals point to sideways movement unless $13.20 is reclaimed. "My outlook stays cautious — until LINK breaks above $13.20, any upside is unconvincing and further dips are possible."

Currently, Chainlink is trading below all major moving averages and the Ichimoku Kijun, signaling persistent short- and medium-term selling pressure, with technical indicators showing mixed but generally subdued momentum and key support identified in the $12.40–$12.50 range. In the coming days, price action is expected to consolidate between $12.00 and $13.00, with limited prospects for a significant rebound unless resistance at $13.20 is reclaimed.

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.