LINK

Chainlink’s native token LINK jumped sharply on Wednesday, delivering strong intraday gains that outpaced XRP. Traders pointed to renewed demand for oracle services and DeFi integrations as possible drivers.

Grayscale has received approval to proceed with the first spot Chainlink (LINK) ETF, marking the asset manager’s third fund launch in just two weeks. The move highlights growing institutional appetite for oracle-token exposure.

Grayscale's first spot Chainlink ETF is set to launch next week as LINK trades above $13. Market sentiment is positive, with investors eyeing potential institutional demand and improved liquidity.

Grayscale said Chainlink will underpin the next wave of blockchain adoption, positioning LINK as core infrastructure for asset tokenization. The firm argues secure oracle services are essential for bringing real-world assets on-chain.

Chainlink’s LINK rose 4.17% on Tuesday to just under $14, slicing through several resistance levels as a broader crypto rebound lifted infrastructure tokens. The move coincides with renewed institutional interest in oracle services that feed DeFi and smart contracts.

LINK trades near $14.51 but could rally to $19.32 in the medium term, implying roughly 33% upside; the $13.69 level is the immediate pivot for market direction.

On-chain whale outflows, rising taker-buy activity, and trader positioning have strengthened Chainlink's near-term recovery outlook with $19 cited as a plausible target. Reduced exchange supply and aggressive market buys are tightening liquidity, though downside risks persist.

LINK slid below the $14.50 support on Thursday after failing to hold above $15, with heavy volume signaling intensified selling pressure across crypto. On-chain data showed reserve accumulation, but it hasn't halted the downturn.

LINK fell nearly 5% over 24 hours to trade around $14.53, breaking under $14.50 as technical sellers dominated; on-chain data shows Reserve picked up 74,000 LINK during the downturn.

Amid a broader market pullback that pushed Bitcoin below $102K, Chainlink (LINK) has held steady around $15–16, signaling relative resilience. Traders and analysts point to persistent demand for oracle services and softer BTC correlation as possible supports.