{"id":17795,"date":"2025-12-11T19:17:20","date_gmt":"2025-12-11T19:17:20","guid":{"rendered":"https:\/\/bitunikey.com\/news\/chainlink-price-poised-to-rebound-amid-link-reserve-buying-spree\/"},"modified":"2025-12-11T19:17:37","modified_gmt":"2025-12-11T19:17:37","slug":"chainlink-price-poised-to-rebound-amid-link-reserve-buying-spree","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/chainlink-price-poised-to-rebound-amid-link-reserve-buying-spree\/","title":{"rendered":"Chainlink price poised to rebound amid LINK Reserve buying spree"},"content":{"rendered":"<div class=\"post-detail__content blocks\">\n<p class=\"is-style-lead\">Chainlink price was little changed on Thursday, despite some encouraging news regarding its exchange-traded funds and the ongoing accumulation through its Strategic LINK Reserves.<\/p>\n<div id=\"cn-block-summary-block_75566da6b5085bee715c767d58498236\" class=\"cn-block-summary\">\n<div class=\"cn-block-summary__nav tabs\">\n        <span class=\"tabs__item is-selected\">Summary<\/span>\n    <\/div>\n<div class=\"cn-block-summary__content\">\n<ul class=\"wp-block-list\">\n<li>Chainlink price has formed a bullish flag pattern on the four-hour chart.<\/li>\n<li>The Strategic LINK Reserves assets jumped by 84,309 tokens to over 1 million.<\/li>\n<li>The Grayscale LINK ETF added assets on Wednesday.<\/li>\n<\/ul><\/div>\n<\/div>\n<p><!-- .cn-block-summary --><\/p>\n<p>Chainlink (LINK) was trading at $13.55 today, down from this month\u2019s high of $14.95 and about 17% above its November low.<\/p>\n<p>In a statement, the developers noted that they purchased 84,309 tokens, valued at about $1.3 million. The purchases brought the total assets in these strategic reserves to over 1 million, which is equivalent to over $15.4 million.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<p>The purchases continued even as the network\u2019s fees fell. Data compiled by <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/defillama.com\/protocol\/chainlink?tvl=false&amp;revenue=true&amp;groupBy=monthly\" target=\"_blank\" rel=\"nofollow\">DeFi Llama<\/a> shows that Chainlink\u2019s fees dropped to $310,280 in November, down from October\u2019s $394,642. It made over $434,516.<\/p>\n<p>Meanwhile, SoSoValue data shows the Chainlink ETF inflows resumed on Wednesday after a two-day pause. Its inflows rose by $2.5 million, bringing the total inflows to over $54 million. The Grayscale LINK ETF now has $77 million in assets, a figure that will likely continue growing.<\/p>\n<p>Chainlink price wavered as the network growth continued. The network\u2019s Cross-Chain Interoperability Protocol (CCIP) is the exclusive bridging solution for all Coinbase-wrapped assets, including cbBTC, cbDOGE, cbLTC, and cbXRP. In a statement, Josh Leavitt, a senior director at Coinbase, <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.prnewswire.com\/news-releases\/coinbase-selects-chainlink-ccip-as-the-exclusive-bridge-infrastructure-to-supercharge-coinbase-wrapped-asset-growth-302638753.html\" target=\"_blank\" rel=\"nofollow\">said<\/a>:<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cWe chose Chainlink because they are an industry leader for cross-chain connectivity. Their infrastructure provides a reliable means to expand Coinbase Wrapped Asset offerings.\u201d<\/p>\n<\/blockquote>\n<h2 class=\"wp-block-heading\">Chainlink price technical analysis\u00a0<\/h2>\n<figure class=\"wp-block-image size-full\"><figcaption class=\"wp-element-caption\">LINK price chart | Source: crypto.news\u00a0<\/figcaption><\/figure>\n<p>The four-hour chart shows that the LINK price has rebounded in the past few weeks, moving from a low of $11.58 in November to the current $13.6.<\/p>\n<p>A closer look shows the token is forming a bullish flag pattern, consisting of a flagpole and a horizontal channel. It is now hovering near the lower side of the flag.<\/p>\n<p>The token has also settled at a strong pivot-reverse point on the Murrey Math Lines tool.<\/p>\n<p>Therefore, the most likely Chainlink price forecast is bullish, with the initial target at the upper channel boundary at $14.95. This target also coincides with the extreme overshoot level. A move above that level will signal further gains toward the psychological level at $20.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Chainlink price was little changed on Thursday, despite some encouraging news regarding its exchange-traded funds and the ongoing accumulation through its Strategic LINK Reserves. Summary Chainlink price has formed a&hellip;<\/p>\n","protected":false},"author":1,"featured_media":9851,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-17795","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/17795","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=17795"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/17795\/revisions"}],"predecessor-version":[{"id":17796,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/17795\/revisions\/17796"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/9851"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=17795"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=17795"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=17795"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}