Chainlink ETFs Accumulate 1.16% of Supply Amid Steady Inflows
- ETF Holdings Growth: Chainlink's exchange-traded funds (ETFs) have accumulated holdings equivalent to 1.16% of its total circulating supply, reflecting institutional investors' preference for long-term custody, with net inflows of $630,000 pushing institutional holdings to this significant threshold.
- Price Stability: During this period, Chainlink's price has remained within a relatively narrow trading range, even as the total value locked in the decentralized finance (DeFi) sector surpasses key milestones, indicating sustained demand for on-chain data services.
- Technical Indicator Improvement: Market analysis shows that technical indicators such as the Moving Average Convergence Divergence (MACD) and Relative Strength Index (RSI) indicate signs of momentum improvement, with analysts noting potential resistance levels that Chainlink could test in February if buying pressure increases.
- Institutional Investor Interest: Pension funds and other institutional investors have shown strong interest in cryptocurrency ETF products that offer liquidity and regulatory structure, providing large investors with low-slippage entry points into digital assets, further enhancing Chainlink's market appeal.
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Technical Analysis for LINK
Technical Sentiment Analysis for Chainlink (LINK). As of , Chainlink (LINK) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 3 technical signals, shows that 1 indicators are flashing buy, while 2 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for LINK stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.
Support, Resistance & Moving Averages. From a structural perspective, LINK is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Chainlink (LINK) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 7.014 | 7.572 | 8.134 | 8.692 | 9.254 | 9.812 | 10.374 |
| Fibonacci | 7.572 | 8 | 8.264 | 8.692 | 9.12 | 9.384 | 9.812 |
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