Chainlink price has gained 35% over the past 30 days, strengthening expectations for a move above $15. LINK is attracting attention as institutional flows improve market confidence ahead of major catalysts.
Bitcoin price was trading under $78,000, Ethereum was close to $2,500, and XRP was trading around $1.36.
The markets are now looking for CLARITY Act developments and the next FOMC meeting. Positive policy messages and sustained demand could sustain Chainlink’s recent upward trend.
Chainlink ETFs Rebound as September Inflows Reach $5.36M
Chainlink price remained in focus as LINK exchange-traded funds returned to positive inflows following a subdued start to September.
Bitwise’s CLNK and Grayscale’s GLNK attracted $1.09 million on September 9 and $4.27 million the following day.
But the inflows were still light compared with several more robust inflow sessions that occurred in August.
The net inflows for both funds were zero on Sept. 11, and the combined net inflows over the years have totaled $151.76 million.
The total trading volume amounted to $4.92 million, and the total net assets were $181.83 million.
The assets accounted for approximately 2.10% of Chainlink’s market capitalization during the reporting period.
Grayscale’s GLNK still was the bigger product with $135.88 million in assets and $3.36 million in trading value. It fell 0.39% to $10.27 in the market. In the meantime, Bitwise’s CLNK had $45.95 million and $1.56 million in trading volume.
Chainlink Price Prediction: Can LINK Rally 29% Toward $15?
The LINK price traded at $11 on September 12, declining 0.73% during the latest four-hour period.
The pullback brought LINK below $12, marking the inaugural resistance point for a potential new rally.
However, the Chainlink price has repeatedly reacted near $11, confirming this area as important short-term support.
Possessing that floor may help the token settle before it goes for another shot at $12.
Further losses would be anticipated if prices were to drop below $11, which would be indicative of a weakness in the recovery.
The MACD line was at -0.169 while the signal line was at -0.180.
The positive histogram reading of 0.011 from this bullish crossover indicates that bearish momentum is slowly diminishing.
Still, both were below zero, so the recovery signal is not yet confirmed by price
The RSI is in the 38.65 range, which is above the oversold zone.
Confirmation, initially, will be a 4-hour close above $12 to reopen the way to the recent $13.30 high as per the Detailed Chainlink price analysis.
If that swing area is broken, it may redirect attention to the next significant resistance level of $14.
The final upside target is $15, which is the projected upside advance in the technical set up. That planned relocation is about 29% from the indicated entry area.
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