Summary analysis of Chainlink (LINK)
1. Factors driving price
LINK increased nearly 7% on Wednesday thanks to Grayscale launching the Chainlink Trust ETF (GLINK). This event immediately improved market sentiment. In the derivatives segment, open interest (OI) rose over 20% in just 24 hours — a sign that traders are intensifying long positions.
2. ETF cash flow & potential impact
GLINK reached $13.81 million in trading volume on its first day.
Grayscale holds 1.3 million LINK.
If this ETF attracts capital flows similar to previous Solana products, LINK could be supported for sustainable price increases in the near future.
3. Derivatives data
Open interest: $617.64 million
Funding rate: 0.0082% (approaching the hot level of 0.01%)
→ Indicates that traders are willing to pay high fees to maintain long positions — a bullish sign.
4. Technical analysis
LINK has recovered for 2 consecutive days but has not yet surpassed the 50 EMA ($15.33) and the 200 EMA ($17.51).
Important supertrend: $14.96
→ Closing the daily candle above this level will reinforce the upward trend, opening the way towards the targets:
Resistance 1: $19.19
Resistance 2: $23.73
Indicators:
RSI > 50 → buying power improves
MACD is heading towards the positive zone → upward momentum is returning
5. Risks to note
If LINK breaks below $13.69, the price could retreat to $11.61.
