Chainlink price rally hit a ceiling this week, as LINK slipped 3% over 24 hours to trade near $15.13, pulling back from a failed breakout above $16.25. Despite the drop, market sentiment remains sharply divided, with some traders eyeing a 10x setup on the Chainlink TradingView charts, while others warn of short-term exhaustion.
Bitwise ETF Gets Listed on DTCC
The latest Chainlink news driving attention was the Bitwise Chainlink ETF (CLNK) appearing on the DTCC registry on November 12. The listing signals operational readiness for potential trading once the SEC gives full approval, a milestone many view as a precursor to institutional inflows into decentralized oracle assets.
Still, the Chainlink price chart shows that the ETF excitement wasn’t enough to pierce the heavy resistance near $16.25. Data from CoinMarketCap reveals a 138% spike in trading volume during the rejection, suggesting aggressive profit-taking as traders defended the zone.
For now, Chainlink company integration updates continue to attract attention. A fresh partnership with Opinion Labs, a $1.8 billion prediction market, now allows users to trade macroeconomic signals verified through Chainlink Functions, reinforcing the project’s dominance in real-world data feeds.
Chainlink Price Prediction: Traders Debate Next Move
Prominent trader Ali called the move above $14 a “bullish future” for LINK, projecting a potential rebound toward $30–$50 if it continues holding its rising channel support. His analysis shows that the Chainlink TradingView setup aligns with key technical levels, which are defended by strong buyer activity.
Meanwhile, Michaël van de Poppe described current prices as “a great spot to be accumulating,” arguing that LINK could be preparing for a “new leg upwards” as DeFi markets regain momentum heading into 2026. His long-term Chainlink price prediction anticipates DeFi outperforming again next cycle.
Not all traders share the same optimism. Analyst Don, a popular crypto trader with over 200k followers on X (Twitter), outlined a sharp-wedge breakout pattern targeting a $150–$160 move, roughly a 10x from current levels. However, critics view it as overextended speculation based on historical volatility rather than fundamentals.
Bullish conviction remains strong for Chainlink. The Chainlink price is currently trading within an ascending channel, with local support around $15.10. A clear surge above $16.25 could mean a breakout, while a drop below $14.80 may lead to a short-term correction before another accumulation phase.
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