- LINK has bounced from $11.60 to $14.68, broken out of a falling wedge, and is close to flipping the Supertrend indicator from red to green, a move that historically preceded big rallies.
- Chainlink’s partnership with Figure Technology and its role in a new RWA tokenization consortium on Solana reinforce its position as a core interoperability layer, while Strategic LINK Reserves continue to grow.
- Grayscale’s GLNK ETF has gathered over $71.7 million in assets as exchange balances drop to 217 million LINK, creating a classic bullish setup of rising demand and tightening supply.
Chainlink has been creeping back into trader conversations lately, and for good reason. The price is inching toward a major bullish indicator flip, ETF inflows keep stacking up, and new partnerships are adding a spark to the narrative. Even better, Chainlink just locked in a deal with Figure Technology—an $8.3 billion heavyweight—which only boosted confidence across the ecosystem.
It’s one of those moments where technicals, fundamentals, and demand all start leaning in the same direction, even though the market itself still feels a bit shaky.
Chainlink Technical Setup Signals a Potential Rebound
On the daily chart, LINK has already rebounded from this month’s $11.60 low, climbing all the way to $14.68. That bounce came right after a clean double-bottom formed at $11.60, followed by a break above the neckline at $13.50 on November 26. Anytime you see that kind of structure, you usually expect some continuation.
LINK also spent weeks forming a falling wedge pattern—two downward-sloping, converging trendlines—and the breakout has already taken place. Wedges like that often signal exhaustion for sellers.
But the biggest development?
LINK is about to flip the Supertrend indicator from red to green.
The last time this happened (back in August), LINK shot up 67% shortly after. And when the flip went the other way in October, LINK crashed 51%. So this indicator has been scary accurate.
If this flip completes, bulls are eyeing the 100-day EMA at $16.8 as the next target. A break above that level opens the door to the $20 resistance, where a real trend shift would become obvious.
However—if LINK falls back below the double-bottom support at $11.56, the entire bullish setup collapses. That’s the invalidation zone holders need to watch.
Figure Technology Partnership Adds Serious Weight
One of the biggest catalysts behind the recent optimism came from Chainlink’s newest partnership with Figure Technology, a company valued at more than $8 billion. The partnership is part of a new RWA tokenization consortium focused on bringing on-chain finance to Solana.
Alongside Figure, firms like Privy, Kamino, and Raydium are involved. Chainlink will provide CCIP—the cross-chain interoperability protocol—allowing systems across multiple chains to communicate seamlessly.
If this takes off, CCIP fees could rise sharply, which benefits LINK holders directly. It also supports the newly created Strategic LINK Reserves, which already hold over $14 million in assets. The partnership announcement landed on the same day Chainlink revealed new interoperability support between Coinbase’s Base network and Solana, giving builders cross-network access.
The timing wasn’t accidental—it was a statement about Chainlink’s growing dominance in interoperability.
ETF Demand and Supply Crunch Create a Bullish Macro Setup
Institutional appetite is rising too. Grayscale’s new Chainlink ETF (GLNK) has been absorbing assets at a rapid pace, pulling in over $45 million in inflows and boosting total assets to $71.7 million.
GLNK is now larger than:
- The Canary Hedera ETF ($64M)
- Both Dogecoin ETFs combined ($6.92M)
Growing ETF demand is only half the story. At the same time, LINK supply on exchanges keeps shrinking.
Nansen data shows exchange balances have fallen to 217 million LINK—the lowest of the year—after peaking at 323 million. Falling exchange supply + rising demand = one of the strongest long-term combinations you can get.
Final Outlook
Chainlink’s setup right now is one of those rare cases where technicals, fundamentals, and macro demand are all pointing in the same direction:
- A falling wedge breakout
- A looming Supertrend flip
- ETF accumulation rising
- Supply on exchanges falling
- A multi-billion-dollar partnership validating LINK’s real-world relevance
If LINK holds above support and completes the indicator flip, the next leg up could target $16.8 first… and $20 shortly after.
