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Chainlink price outlook: technical setup and key levels
Chainlink (LINK) has stabilized near the $14 support zone after a brief market retracement, and on-chain indicators point to a potential rebound. On the daily chart LINK has formed several bullish formations, suggesting that buyers are preparing for a sustained move higher if macro conditions remain supportive.
Bullish patterns: double-bottom and falling wedge
Technically, Chainlink developed a clear double-bottom at $11.56 with a neckline around $13.50 — a classic reversal structure that often precedes higher highs. Complementing this, LINK carved out a large falling wedge made of converging descending trendlines and has already pushed above the wedge's upper boundary, which is an early sign of a breakout.
The token is also approaching the Supertrend indicator and is nearing the 50-day moving average. A daily close above these levels would reinforce the bullish thesis, opening targets toward $20, roughly 45% above current prices. Conversely, a decisive breakdown below $11.56 would negate this bullish scenario and likely trigger a deeper correction.
Chainlink price chart
Spot LINK ETF inflows and exchange supply trends
A major catalyst for LINK’s momentum is growing interest in spot LINK ETFs. Data aggregated by SoSoValue shows a continuous stream of inflows since the ETF launch. The top LINK ETF has gathered more than $48 million in inflows and its total assets now exceed $70.6 million — equivalent to around 0.75% of LINK’s market capitalization. If LINK ETF adoption follows patterns seen with Bitcoin and Ethereum spot funds, there is room for that share to expand toward multi-percent levels over time.
At the same time, exchange liquidity is tightening. On-chain metrics show the supply of LINK held on centralized exchanges dropped to about 218 million tokens, down from a November peak near 264 million. Reduced exchange reserves can amplify price moves when buying demand increases because less sell-side liquidity is immediately available.
LINK exchange supply
Whales and strategic reserves signal demand
Whale accumulation has intensified: large holders now control roughly 3.56 million LINK, up from 1.73 million in November. This growing concentration among large wallets is a strong on-chain bullish signal, as whales often accumulate before major price moves.
Separately, Chainlink’s team continues to build the Strategic LINK Reserves. Since August the project has been channeling network fees to buy LINK, and the reserves have surpassed 1 million tokens — roughly $14.7 million at current prices — strengthening the protocol’s long-term token support.
Strategic LINK reserves assets
What traders should watch
Short-term traders should monitor a confirmatory daily close above the Supertrend and the 50-day MA to validate the breakout. On-chain watchers should track ETF inflows, exchange supply, and whale wallet activity for sustained demand signals. Risk management remains essential: a breach of the $11.56 support would invalidate the bullish case and could invite further selling.
Overall, the combination of technical breakout patterns, growing ETF adoption, shrinking exchange supply, and whale accumulation creates an optimistic setup for LINK, though broader crypto market dynamics will ultimately determine whether this momentum continues.
Source: crypto
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