Chainlink (LINK) price has signaled a midterm bullish outlook in 2026. The mid-cap altcoin, with a fully diluted valuation of about $9.4 billion, has been forming a potential reversal pattern in the past two months.
In the weekly timeframe, LINK price has been retesting a crucial logarithmic support level that was established in the last two years. After experiencing heightened selling pressure during the second half of 2025, the LINK price has been forming a potential reversal pattern in the past few weeks.
Source: TradingView
Notably, the weekly MACD indicator shows a slowing selling pressure, as the Relative Strength Index (RSI) hovers in oversold levels.
From a technical analysis standpoint, LINK price in the daily timeframe has signaled a market reversal. The altcoin has already formed a potential double bottom after a breakout from its falling logarithmic trend.
Source: X
The midterm outlook for LINK remains bullish backed by the rising demand from institutional investors. As Coinpedia previously reported, Bitwise Investment is seeking to launch its spot LINK ETF in the United States possibly in the coming weeks.
The Bitwise Chainlink ETF (CLNK) will offer institutional investors a regulated channel to invest in LINK.
The Chainlink network has grown to an important factor in the mainstream adoption of decentralized financial (DeFi) and Real-World Assets (RWA) tokenization. Already, top Wall Street firms – led by Swift, BNY Mellon, ANZ Bank, Citi, and BNP Paribas – have adopted Chainlink products such as the crypto price oracles, automated compliance engines, and proof of reserves.
As such, the demand for LINK is well-positioned to grow exponentially in 2026, thus bolstering the midterm bullish outlook.
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