Chainlink crypto price continued its freefall this week, even as the LINK ETF inflows rose and the Strategic LINK Reserves inflows jumped. It dropped to a low of $11.9, down by over 57% from its highest point in August, a move that has erased billions of dollars in value.
Chainlink Crypto Price Crashed Despite Good News
Chainlink price has remained on edge in the past few months, even as the network has had some good news. One piece of good news is that the recently launched LINK ETF has been received well by market participants. It has received over $56 million in inflows, bringing the net assets to $68 million.
Chainlink’s demand in Wall Street is not as high as that of XRP and Solana. However, the fact that it has never had outflows is a good thing and a sign that it will do well when the crypto market recovers.
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The other good news is that the Strategic LINK Reserves have continued growing. The developers recently bought 9,946 coins, bringing the total amount to over 1.23 million tokens. This is important as the demand will likely keep rising in the foreseeable future.
Meanwhile, Chainlink has teamed with some of the biggest players in the crypto industry. Its top partners are companies like Swift, Euroclear, DTCC, TMX, UBS, and BNB Paribas. Its goal with the 24 major organizations is to create a unified asset servicing layer that will address over $58 billion in the annual post-trade inefficiencies.
Chainlink has also launched major partnerships recently, including with top companies like Solv Protocol, NCFX, and Coinbase. All these partnerships aim to address key issues in the real-world asset tokenization industry.
Most analysts with a 2026 crypto market forecast, including Messari and Delphi Capital, indicate that RWA will be the main theme. These predictions, if accurate, will benefit Chainlink as it is one of the biggest chains in the industry.
Chainlink Price Technical Analysis
The daily chart shows that the LINK price has been in a strong downtrend in the past few months. It recently crashed below the important support that is represented by the ascending trendline, which connects the lowest swings since August last year.
Chainlink price has formed a death cross pattern, while the Awesome Oscillator and the Bull/Bear Power indicators have remained below zero. Therefore, the most likely scenario is where the LINK price continue falling as sellers target the support at $10.
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