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

2026/01/15 13:49
3분 읽기
이 콘텐츠에 대한 의견이나 우려 사항이 있으시면 crypto.news@mexc.com으로 연락주시기 바랍니다

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/

시장 기회
니어 로고
니어 가격(NEAR)
$1.401
$1.401$1.401
-0.10%
USD
니어 (NEAR) 실시간 가격 차트
면책 조항: 본 사이트에 재게시된 글들은 공개 플랫폼에서 가져온 것으로 정보 제공 목적으로만 제공됩니다. 이는 반드시 MEXC의 견해를 반영하는 것은 아닙니다. 모든 권리는 원저자에게 있습니다. 제3자의 권리를 침해하는 콘텐츠가 있다고 판단될 경우, crypto.news@mexc.com으로 연락하여 삭제 요청을 해주시기 바랍니다. MEXC는 콘텐츠의 정확성, 완전성 또는 시의적절성에 대해 어떠한 보증도 하지 않으며, 제공된 정보에 기반하여 취해진 어떠한 조치에 대해서도 책임을 지지 않습니다. 본 콘텐츠는 금융, 법률 또는 기타 전문적인 조언을 구성하지 않으며, MEXC의 추천이나 보증으로 간주되어서는 안 됩니다.

Roll the Dice & Win Up to 1 BTC

Roll the Dice & Win Up to 1 BTCRoll the Dice & Win Up to 1 BTC

Invite friends & share 500,000 USDT!