Chainlink (LINK) Price Prediction: Can ETF Inflows and Bitwise Buying Drive the Price Higher?

Chainlink is beginning to show signs of stability after spending several years in a broad downtrend. Institutional interest has started picking up again, with spot Chainlink ETFs posting back-to-back inflows and Bitwise continuing to add to its LINK holdings.

 

Crypto analyst More Crypto Online believes Chainlink is testing an important weekly support trendline. He believes that a breakout from above the May high of $10.90 would be a signal to go into the $13.93 to $20.63 range. However, he still believes that the correction is not finished yet and there might be just one more low.

The LINK price is testing a key support level

More Crypto Online’s analysis centers on a blue support trendline that has held on the weekly timeframe. After falling from the 2021 peak near $53, the LINK price is trading in the $7-$8 range, placing it in the lower half of its long-term Fibonacci retracement levels.

$LINK
The price is currently testing the blue support trendline that is visible on the weekly timeframe. Should the price break above the May high at $10.90 the door opens to a test of the $13.93 – $20.63 area next. In this case the price could be working on the D-wave of the… pic.twitter.com/TuQFJaebBm

— More Crypto Online (@Morecryptoonl) July 15, 2026

The Elliott Wave count still points to an ongoing corrective structure. In the analyst’s view, the market could still print one more low before completing the correction. For the bullish case to strengthen, buyers first need to reclaim the May high at $10.90.

On the chart he shared, the Fibonacci levels line up with that outlook. The first major resistance comes in around $11.84, followed by $13.93, $16.38, and then $20.63 if buyers continue pushing higher. Support remains around the $5.96 Fibonacci level. A break below that area would expose the next support zones near $2.99 and $1.50. 

Chainlink institutional buying is picking up

Bitwise has accumulated more than 2.875 million LINK over the last four weeks, including a purchase of 72,774 LINK worth roughly $570,000 on July 10. The steady pace of buying points to ongoing portfolio accumulation instead of short-term positioning.

Spot Chainlink ETFs have also returned to net inflows. The funds recorded approximately $570,000 in inflows during one session, followed by another $74,000 the next day. Those amounts are much smaller than the flows seen in Bitcoin ETFs, but they can still provide meaningful liquidity support for an asset the size of Chainlink.

At the same time, Chainlink continues expanding its utility across decentralized finance. Mantle’s Super Portal and Aave’s Stable Vaults have both integrated Chainlink’s Cross-Chain Interoperability Protocol (CCIP), extending its use across cross-chain messaging and token transfers.

Institutional exposure is still relatively small. Chainlink has a mere 0.34% share in the Bitwise 10 Crypto Index ETF, with a share of about 77% held by Bitcoin. There is ample scope for increased investments in Chainlink if adoption increases further.

What comes next for the LINK price?

The LINK price has been attempting to create a more solid base but faces several levels of resistance before it can change its current trend. The initial level of resistance is the peak witnessed in May at $10.90.

Should the price rise above the mentioned level, it will face further resistance at $11.84, $13.93, $16.38, and even $20.63 if the upward trend holds. The significant support level remains at $5.96. Losing that support would expose the next Fibonacci levels near $2.99 and $1.50.

CoinCodex’s 1-month LINK price prediction places the price at $9.78, implying modest upside if buyers can reclaim the $10.90 May high and build enough momentum to target the $13.93 Fibonacci resistance level.

 

Source:: Chainlink (LINK) Price Prediction: Can ETF Inflows and Bitwise Buying Drive the Price Higher?