Chainlink's native token, LINK, has gained 35% over the past 30 days, drawing increased attention as institutional flows improve market confidence ahead of major macro catalysts. During the same period, broader market trading showed Bitcoin under $78,000, Ethereum near $2,500, and XRP around $1.36. Markets are currently looking toward upcoming developments concerning the CLARITY Act and the next Federal Open Market Committee (FOMC) meeting.
Chainlink ETFs See Renewed Inflows
Chainlink exchange-traded funds returned to positive inflows following a subdued start to September. Bitwise's CLNK and Grayscale's GLNK attracted $1.09 million on September 9 and $4.27 million the following day, though these figures remained light compared to stronger August sessions. Net inflows for both funds were zero on September 11, bringing combined historical net inflows to $151.76 million.
Total trading volume reached $4.92 million, with total net assets amounting to $181.83 million, accounting for roughly 2.10% of Chainlink’s market capitalization during the reporting period. Grayscale’s GLNK held $135.88 million in assets with a trading value of $3.36 million, falling 0.39% to $10.27. Bitwise’s CLNK reported $45.95 million in assets and $1.56 million in trading volume.
Technical Levels and Price Outlook
On September 12, the LINK price traded at $11, registering a 0.73% decline over the latest four-hour period. This pullback moved LINK below $12, which serves as the initial resistance point for a potential rally. Conversely, the $11 level has repeatedly acted as important short-term support, though a drop below this floor would signal recovery weakness.
Momentum indicators show the MACD line at -0.169 and the signal line at -0.180, with a positive histogram reading of 0.011 indicating a bullish crossover where bearish momentum is slowly diminishing. However, because both lines remain below zero, the recovery signal is not yet fully confirmed by price action. The Relative Strength Index (RSI) sits at 38.65, remaining above the oversold zone.
Technical analysis suggests that confirmation of a continued upward move requires a four-hour close above $12 to reopen the path toward the recent $13.30 high. Breaking that swing area could direct attention to the next significant resistance level at $14, with a technical upside setup targeting $15.
