Is Chainlink Rallying Back with a Vengeance? 🚀

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Well, folks, it looks like Chainlink, our beloved crypto whimsy, has managed to cozy up to the $14 mark, just as the crypto market decided to take a nap. Forms a chart pattern with more plot twists than a soap opera-and here’s why: our dear LINK ETF is nearly bursting at the seams with over $50 million! 📈

Can you believe it? This cryptic chart whisperer managed to pull off a marvelous falling wedge pattern on the daily chart. Bravo! Also, the Grayscale LINK ETF might as well buy a yacht at its current $48 million stash of assets. Meanwhile, the Strategic LINK Reserves look like a well-stocked pantry with over a million tokens. 😂

Chainlink Price’s Rising Revenge Tale

Sitting at the daily timeframe, the Chainlink price decided to double-down with a double-bottom pattern at $11.56 and a neckline victory lap at $13.50. Technical cliché alert! This confirmed it’s in for a bullish stunting as it’s now strutting above the wedge pattern’s upper boundary. It’s flirtatiously eyeing that Supertrend indicator as if it’s the on-again, off-again love interest. Oh, and don’t forget the coveted 50-day moving average. 🔥

Let’s not skip the juicy part: if bulls hold their ground, we’re eyeing a sensational jump to that $20 love nest-a 45% leap from where we stand. If things take a nosedive below $11.56-well, let’s not even go there. Drama galore, for sure.

Chainlink Price Chart

LINK ETFs Grumbling its Way to a $50 Million Milestone

Enter our savior, the LINK ETF, basking in the spotlight as the talk of the market. Ever hungry for more, SoSoValue reveals uninterrupted inflows post-launch-almost like a dedicated yoga retreat kept at its flexing best. It flaunts over $70.6 million in assets, amounting to a tiny but crucial 0.75% of its market capitalization. With aspirations of Bitcoin and Ethereum‘s valiance, what more to covet? 🌟

Hold the tears for the exchange supply’s recent low dip from 264 million to 218 million, a dip undoubtedly causing more shivers than a horror movie marathon for the underdogs. Meanwhile, the whales, with their gargantuan collection of 3.56 million tokens, seem thirsty for more. Let their soaring demand continue with my unsolicited endorsement. 🐳

Here’s the gossip: the Chainlink brainiacs are secretly plotting with their Strategic LINK Reserves, now hoarding an impressive million tokens. At a cool $14.7 million worth, they’re snapping up tokens like they’re limited edition cookware. And all this AMAs from the network fees since August? Talk about monetizing strategy. 💰

Chainlink Reserves
Strategic LINK Reserves Plan

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2025-12-07 10:27