The post Chainlink price tests key level after Bitwise ETF debut appeared on BitcoinEthereumNews.com. Chainlink price is hovering near the top of its recent rangeThe post Chainlink price tests key level after Bitwise ETF debut appeared on BitcoinEthereumNews.com. Chainlink price is hovering near the top of its recent range

Chainlink price tests key level after Bitwise ETF debut

For feedback or concerns regarding this content, please contact us at [email protected]

Chainlink price is hovering near the top of its recent range with traders watching for a decisive move following the launch of the Bitwise Chainlink ETF.

Summary

  • LINK is consolidating as volatility tightens and leverage cools.
  • ETF launch improves access despite short-term trading currently cautious.
  • Technical setup points to a sharp move once range breaks.

LINK was trading around $13.84 at press time, down 1.5% on the day. Despite the dip, the token is still up 3.7% over the past week and more than 8% over the last month, showing steady upward drift rather than sharp momentum.

Spot trading activity has cooled slightly. Daily volume slipped to about $618 million, down 0.4%. Derivatives data tells a similar story. CoinGlass data shows futures volume down 2.8% to $872 million, while open interest edged lower by 0.4% to $668.8 million.

When both metrics fall together, it usually points to traders reducing leverage and waiting for a clearer direction rather than pressing new bets.

ETF launch and fundamentals add context 

The Bitwise Chainlink ETF (CLNK) officially began trading on NYSE Arca on Jan. 14, making it the second U.S. spot ETF offering direct exposure to LINK after Grayscale’s GLNK launch in December.

The fund is physically backed by Chainlink (LINK) held with Coinbase Custody, with BNY Mellon handling cash operations. Bitwise set a 0.34% management fee, waived for the first three months on up to $500 million in assets to encourage early participation.

On its first day, the ETF recorded $2.59 million in net inflows, $3.24 million in trading volume, and a net asset value of $5.18 million. Staking is not supported at this stage.

While the initial inflows were modest, ETF launches often have a delayed impact. They lower the friction for institutions and advisors who cannot access tokens directly, which can slowly improve liquidity and reduce reactive selling during pullbacks.

Beyond the ETF, Chainlink has seen several supportive developments this month. A draft version of the U.S. Digital Asset Market Clarity Act proposes treating LINK as a network token under CFTC oversight, potentially easing long-term regulatory risk. 

Additionally, Chainlink recently introduced Confidential Compute at the protocol level, a feature targeted at institutional and enterprise use cases that permits private off-chain execution with on-chain settlement.

Chainlink price technical analysis

From a technical perspective, LINK is clearly in consolidation mode. Price has been holding between roughly $13.00 and $14.20, forming a tight base after the ETF launch.

Candles have smaller bodies and limited wicks, showing neither buyers nor sellers are pushing aggressively. This type of price action often appears before expansion.

Chainlink daily chart. Credit: crypto.news

Bollinger Bands are now tightly compressed, confirming a low-volatility regime. Prices often move sharply when they break out of the band. 

Momentum indicators lean constructive but not stretched. There is space for follow-through as the relative strength index is close to 58. The average directional index indicates that trend strength is still developing rather than fully established, and the MACD is in positive territory.

Support is clearly defined between $13.00 and $13.20, which corresponds to the 20- and 30-day moving averages. The structure remains intact as long as the price stays above this range on daily closes. A clean break below $13 would likely invite a deeper pullback toward the $12.80 region.

On the upside, resistance sits at $14.00–$14.20. This level has  capped price multiple times and lines up with short-term horizontal supply. A daily close above $14.20, especially with rising volume, would open the door toward $15.00, where the 100-day moving average comes into view.

Source: https://crypto.news/chainlink-price-breakout-volatility-bitwise-etf-2026/

Market Opportunity
NEAR Logo
NEAR Price(NEAR)
$1.2776
$1.2776$1.2776
-3.85%
USD
NEAR (NEAR) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact [email protected] for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

Aave CEO Breaks Silence on Game-changing Upgrade in Q4: Details

Aave CEO Breaks Silence on Game-changing Upgrade in Q4: Details

The post Aave CEO Breaks Silence on Game-changing Upgrade in Q4: Details appeared on BitcoinEthereumNews.com. Aave CEO and founder Stani Kulechov has broken his silence on a major upgrade coming to Aave in Q4, 2025. The Aave v4 upgrade is anticipated to be one of the major events in DeFi in 2025, including features such as a Hub-and-Spoke architecture, reinvestment module and others, boosting Aave liquidity and saving gas. The upgrade will also include UX improvements and a new liquidation engine. The Reinvestment Module would help Aave earn more from unused capital, utilizing idle liquidity. On Sept. 15, the Aave founder informed the crypto community of the Aave v4 upgrade roadmap, which highlights where the project is currently at in its development. Aave CEO reacts The Aave founder commented in reaction to a tweet highlighting the features of Aave V4, “very nice overview of the Aave V4 feature,” adding that the Reinvestment Module was not part of the initial design. Very nice overview of the Aave V4 features. Interestingly, the Reinvestment Module wasn’t part of our original design a couple of years ago when we laid down the protocol architecture. It actually emerged later as an unexpected, but exciting, “last-minute” addition. The… https://t.co/Zkp3bmrCAZ — Stani.eth (@StaniKulechov) September 17, 2025 “Interestingly, the Reinvestment Module wasn’t part of our original design a couple of years ago when we laid down the protocol architecture. It actually emerged later as an unexpected, but exciting, last-minute addition,” Kulechov added. The Aave CEO explained the reinvestment feature further as one that allows the protocol to deploy pool float into low-risk, highly liquid yield strategies, creating additional efficiency for LPs. The feature is somewhat inspired by Ethena’s rebalance to USDtb but applied natively within Aave. The Aave team shared the launch roadmap for the Aave upgrade on Sept. 15, revealing a recent V4 Development Update. Source: https://u.today/aave-ceo-breaks-silence-on-game-changing-upgrade-in-q4-details
Share
BitcoinEthereumNews2025/09/18 16:57
Venus and Resolv attackers collectively bought $28.56 million worth of ETH today.

Venus and Resolv attackers collectively bought $28.56 million worth of ETH today.

PANews reported on March 22 that, according to on-chain analyst Yu Jin, attackers from two DeFi protocols provided $28.56 million worth of buying power for ETH
Share
PANews2026/03/22 17:23
The Crypto Legislation Rollout Is Staged – Here’s Why XRP and XLM Are at the Center

The Crypto Legislation Rollout Is Staged – Here’s Why XRP and XLM Are at the Center

Versan Aljarrah, founder of Black Swan Capitalist, likes to studies the architecture behind news. In a recent thread, he laid out a view of crypto legislation that
Share
Captainaltcoin2026/03/22 17:00