Chainlink (LINK) price has stabilized near the $14 support as the broader crypto rally cooled, while on-chain and market signals point to a potential bullish run.
Technical outlook
On the daily chart LINK formed a double-bottom at $11.56 with a neckline around $13.50, a classic bullish reversal. It also traced a large falling wedge and has moved above the wedge’s upper trendline. The token is approaching the Supertrend indicator and the 50-day moving average—moves typically associated with a breakout. If momentum holds, bulls may target the next resistance near $20 (about 45% above current levels). A fall below $11.56 would invalidate this bullish setup.
ETF inflows and supply dynamics
The spot LINK ETF has seen consistent inflows since launch, with roughly $48 million added, bringing total assets to over $70.6 million—about 0.75% of LINK’s market cap. That leaves room to grow toward allocation levels more typical for Bitcoin and Ethereum ETFs.
Exchange supply and whale accumulation
Exchange-held LINK has declined from a November high of 264 million to about 218 million, reducing available sell-side liquidity. Large holders have been accumulating: whale balances rose to roughly 3.56 million LINK from 1.73 million in November. Separately, Chainlink’s Strategic LINK Reserves have surpassed 1 million tokens (roughly $14.7 million), funded by protocol fees since accumulation began in August.
Taken together—bullish technicals, steady ETF inflows, falling exchange supply, and growing whale and protocol reserves—the indicators suggest that LINK may be positioned for a rebound, provided key support holds.
