Crypto analyst CryptoWzrd, in a recent Chainlink daily technical outlook, noted that the candle closed slightly bearish, but the overall structure remains constructive and pushes toward the key $16.00 resistance, where momentum could shift quickly. According to the analyst, a retest of the $13.50 support or a break above the $15.20 resistance will be the critical trigger for the next major trade setup.

Indecisive Daily Close Sets the Stage For A Critical Trendline Test

CryptoWzrd noted that both LINK and LINKBTC closed the daily candle in an indecisive manner, reflecting uncertainty in the short-term market direction. Despite this hesitation, the broader structure remains intact, and price action is approaching a technically significant point that will play a crucial role in determining the next major move for Chainlink.

According to the analyst, LINKBTC is now testing its daily lower-high trendline. A series of bullish candles emerging from this zone would be a strong signal that buyers are re-entering the market. If this momentum builds, it is likely to spill over into Chainlink, potentially triggering an impulsive rally.

Should bullish confirmation appear, LINK could drive toward the $16 resistance level, a region that has been tested multiple times in the past. A clean breakout above $16 would open the door for a swift extension toward the next major hurdle for the bulls $20 resistance, marking a significant continuation of upward momentum.

On the downside, CryptoWzrd emphasized that the $12 level stands as the primary support. A daily close below this level would weaken the bullish structure and could signal a deeper correction. Until then, the trendline test remains a critical focal point where LINK’s uptrend will continue or reverse.

ChainLink Choppy Intraday Movement Signals Caution

Conclusively, the analyst highlighted that the intraday chart was characterized by being somewhat choppy and trading within a very tight, small range. This consolidation phase often precedes a significant directional move, but it has made short-term trading decisions challenging without a clear trigger.

The analyst defined a specific setup to watch for: a bearish pullback towards the $13.50 support level, followed by a decisive bullish reversal, would serve as the ideal trigger for a long position. Such a trade would initially target the $15.20 resistance and potentially move toward higher levels thereafter.

By confirming immediate strategic focus, the analyst stated that his attention “tomorrow will remain on the lower time frame chart development” to scout the next optimal scalp opportunity. This indicates a short-term, opportunistic trading mindset by waiting for the confined range to break or for the identified mean-reversion setup at $13.50 to play out.

Grayscale’s first US spot exchange-traded fund tied to Chainlink opened with solid demand, adding another data point to the debate over whether appetite for altcoins can survive a cooling crypto market.

Despite a pullback across major tokens in recent weeks, the new fund attracted sizable capital on its first trading day.

Chainlink ETF Debut Draws $41M, Signaling Demand for Regulated Altcoins

According to Bloomberg ETF analyst Eric Balchunas, the product ended its debut session with $41 million in net inflows and about $13 million in trading volume.

The figures placed Chainlink among the stronger ETF launches this year and suggested that, at least for some investors, regulated vehicles remain the preferred route into higher-risk digital assets.

The showing stands well above the opening day for the Solana ETF, which recorded just $8.2 million in volume based on data from Farside Investors.

Still, the XRP ETF remains the category’s heavyweight, registering $243 million in first-day inflows, according to SosoValue.

Even so, analysts urged restraint. James Seyffart said the launch was not a “blockbuster,” though he noted that the fund quickly reached about $64 million in assets under management, including an $18 million seed allocation.

“Chainlink shows that less liquid products can still attract attention in an ETF wrapper,” he wrote, pointing to the role exchange-traded funds can play in widening market access.

So, $GLNK took in ~$42 million on day 1. Not "blockbuster" success but very good for a new launch. Volume was strong. The fund currently sits at $64 million in assets. Chainlink showing that longer tail assets can find success in the ETF wrapper too. https://t.co/CgVCxlykGr

— James Seyffart (@JSeyff) December 3, 2025

For Chainlink itself, the debut offered little immediate relief. The LINK token is up nearly 10% over the past week but remains down more than 39% over the past year, according to price data cited by Cointelegraph.

Chainlink’s appeal lies in its infrastructure role. The network supplies on-chain applications with external data, enabling price feeds, cross-chain transfers and tokenized assets to function reliably.

As demand for decentralized finance and real-world asset tokenization grows, investors appear willing to give even second-tier tokens a closer look.

New Altcoin ETFs Steal Spotlight as Bitcoin Funds Struggle

The new Chainlink ETF comes amid the rollout of a wave of new altcoin ETFs.

Over the past month, issuers have launched products tied to Solana, XRP, and Dogecoin, with more XRP and Dogecoin funds set to list next week.

The Canary Capital XRP ETF (XRPC) debuted with $58 million in net inflows, the highest opening-day haul for any ETF this year, edging out the Bitwise Solana Staking ETF (BSOL), which launched with $57 million.

BSOL has quickly become one of the early success stories of 2025, accumulating over $660 million in assets within three weeks and avoiding a single day of outflows.

As reported, the New York Stock Exchange has approved the listing of Grayscale’s XRP and Dogecoin exchange-traded funds, clearing both products to begin trading on Monday.

NYSE Arca, the exchange’s ETF-focused subsidiary, filed certifications on Friday confirming the listing and registration of the Grayscale XRP Trust ETF Shares and the Grayscale Dogecoin Trust ETF Shares under the Securities Exchange Act of 1934.

Bitwise Asset Management has also unveiled the Bitwise Dogecoin ETF as investor appetite for altcoin exposure continues to increase.

The post Grayscale’s Spot Chainlink ETF Pulls $41M on Debut Despite Market Uncertainty appeared first on Cryptonews.

Chainlink (LINK) is once again in the spotlight across the cryptosphere after the launch of the first U.S. Chainlink-focused ETF sparked a sharp price rebound and renewed institutional interest. LINK surged more than 20% in 24 hours, trading around $14.4 as volumes and market participation accelerated.

Chainlink ETF Launch Sparks Strong Market Reaction

Grayscale launched the GLNK ETF on December 2, converting its previous private Chainlink trust into a publicly traded product on NYSE Arca.

The ETF opened with zero fees and recorded more than 1.17 million shares traded on its first day, far above historical averages. Trading volume reached roughly $13.8 million, while early inflows were reported near $43 million, reflecting strong initial demand.

The ETF gives institutions regulated exposure to LINK without requiring direct token custody. With access through major platforms such as Fidelity and Robinhood, Chainlink is receiving increased visibility among traditional investors.

Grayscale currently holds about 1.3 million LINK tokens through the product. Derivatives data also shows rising interest, with LINK futures open interest climbing more than 20% and funding rates turning positive as traders add long positions.

Technical Signals Point Toward Breakout Potential

Beyond ETF-driven momentum, the LINK chart is drawing attention from technical analysts.

Several analysts have emphasized a rare four-year descending wedge pattern, typically associated with long-term compression before a breakout. LINK recently bounced from the $12.50 support level, forming higher lows and regaining key Fibonacci levels.

Momentum indicators are turning positive as well. The daily RSI has recovered to around 53, while MACD signals improving strength. LINK is now approaching the $14.96 Supertrend level and remains below the 50-day and 200-day EMAs, both key levels the market is watching for confirmation of a trend shift.

If the token holds above $13, analysts expect a possible move toward the $18–$20 resistance range. A break above these zones could open the path toward the higher targets mentioned by long-term analysts.

Year-End Targets Strengthen as Market Sentiment Improves

Crypto analyst Ali Martinez notes that LINK is currently sitting on an important long-term support trendline, which could act as a foundation for a move toward $26 and potentially $47 if momentum continues.

Rising institutional inflows, accelerating derivatives activity, and a new spot ETF creating a steady channel for capital have strengthened market expectations.

For now, traders are watching the $12–$13 support area for signs that LINK can sustain its recovery. A decisive move above $14.50–$15 would mark the next major step toward a full bullish breakout.

Cover image from ChatGPT, LINKUSD chart from Tradingview

Chainlink price continued its strong rebound as market participants cheered the recent LINK ETF launch and the strong inflows. 

Chainlink is approaching a decisive moment as its price compresses within a well-defined triangle structure. The pattern remains strong, but the market is signaling that a major move is imminent. Everything now hinges on a single trendline break, one that will determine whether LINK is ready to reverse higher or sink into a deeper correction.

B-Wave Extension Back In Focus: Is The Triangle Still Intact?

According to crypto analyst More Crypto Online in a recent update on Chainlink, it is crucial to step back and examine the bigger picture of the asset’s price action. The analyst believes the market is likely still extending the yellow B-wave correction. At the moment, the analyst is considering that this B-wave may be unfolding as a complex triangle pattern, as seen in the “yellow scenario.”

Despite the triangle hypothesis, the analyst emphasizes that there is currently no evidence that a definitive low has formed. To confirm a structural reversal, LINK requires a clear 1-2 setup to the upside, which would signal the start of a new impulsive trend. As stated in previous updates, a confirmed bottom hinges on a break above the first yellow trendline.

The triangle pattern, which typically unfolds as a 5-wave structure (A–B–C–D–E), remains valid for now, without a confirmed low. This pattern suggests that the price will continue to consolidate sideways, trapping both bulls and bears. 

More Crypto Online defined the critical invalidation point for the primary count. If the price were to break below the Monday, April 4th, low at $10.20, the current triangle microstructure would be entirely invalidated. Meanwhile, the broader B-wave correction would still be theoretically possible, but would likely unfold in a different structural path.

Critical Support Cluster: $10.70, $8.94, And $6.90 In Focus

More Crypto Online went further to highlight the next crucial support levels if the current triangle structure fails, which are located at $10.70, $8.94, and $6.90. The analyst cautioned that a definitive break below the $6.90 mark would significantly increase the probability of an alternative scenario for Chainlink: the unfolding of a larger degree Wave 4.

For now, the immediate focus is on how the price reacts within the key Fibonacci support zone defined by the boundaries of $6.90 and $10.70. The analyst concluded by stating the necessary condition for a structural low: the earliest sign of a reversal would be a break above the yellow trendline. Until that happens, the trendline continues to act as firm resistance, keeping the local downtrend structurally intact and signaling that caution remains necessary.

Once Grayscale rolled out the exchange-traded fund tied to LINK, the token rallied. At last check on Tuesday, it was up 12.7% to $13.40.

Grayscale is set to roll out the first US spot exchange-traded fund tied to Chainlink as early as this week, according to Nate Geraci, co-founder of ETF Institute.

In a post on X, Geraci said the product will convert the company’s existing Chainlink private trust into a fully listed ETF, marking the first time US investors can gain spot exposure to LINK through a regulated fund structure.

Bloomberg Intelligence Tips December 2 Launch

The launch timeline lines up with estimates from Bloomberg Intelligence.

Senior ETF analyst Eric Balchunas has pointed to December 2 as the expected debut date, citing internal listings data that show Grayscale’s product queued for near-term approval.

Balchunas has also warned that this is only the beginning. He recently said the US market could see a wave of more than 100 new digital-asset-linked ETFs over the next six months, adding that at least five spot crypto funds are scheduled to hit the market within days.

The fresh supply follows a year of regulatory shifts in Washington that have softened resistance toward crypto-backed investment products.

There are 5 spot crypto ETFs launching over next 6 days. Beyond that we don't have exact but we expect a steady supply of them (likely over 100 in next six months). Nice chart showing what's launched and what's on deck from @JSeyff pic.twitter.com/eArnDUN5JH

— Eric Balchunas (@EricBalchunas) November 24, 2025

Grayscale’s Chainlink ETF will be created by converting the firm’s original LINK trust, which launched in late 2020, into a public-market vehicle.

Like other converted products from the company, the fund will track the spot price of LINK and include staking-related returns where permitted.

The move comes as competition heats up. Rival asset manager Bitwise is also preparing its own LINK ETF, setting the stage for a race between issuers to capture institutional and retail flows tied to the oracle-focused token.

Grayscale has previously described Chainlink as a key bridge between blockchains and real-world financial systems, highlighting its role in supplying data, pricing feeds and settlement triggers to both crypto and traditional platforms.

New Altcoin ETFs Steal Spotlight as Bitcoin Funds Struggle

The new Chainlink ETF comes amid the rollout of a wave of new altcoin ETFs.

Over the past month, issuers have launched products tied to Solana, XRP, and Dogecoin, with more XRP and Dogecoin funds set to list next week.

The Canary Capital XRP ETF (XRPC) debuted with $58 million in net inflows, the highest opening-day haul for any ETF this year, edging out the Bitwise Solana Staking ETF (BSOL), which launched with $57 million.

BSOL has quickly become one of the early success stories of 2025, accumulating over $660 million in assets within three weeks and avoiding a single day of outflows.

As reported, the New York Stock Exchange has approved the listing of Grayscale’s XRP and Dogecoin exchange-traded funds, clearing both products to begin trading on Monday.

NYSE Arca, the exchange’s ETF-focused subsidiary, filed certifications on Friday confirming the listing and registration of the Grayscale XRP Trust ETF Shares and the Grayscale Dogecoin Trust ETF Shares under the Securities Exchange Act of 1934.

Bitwise Asset Management has also unveiled the Bitwise Dogecoin ETF as investor appetite for altcoin exposure continues to increase.

The post Grayscale to Launch First US Spot Chainlink ETF This Week, Says Nate Geraci appeared first on Cryptonews.

Chainlink price dropped for three consecutive days and remains in a deep bear market despite important catalysts like the upcoming LINK ETF approval and falling exchange reserves. Chainlink (LINK) token dropped to $13, down by ~53% from its highest level…