Advertise
- Rizwan Ansari
Rizwan Ansari
- Reviewed by:
Sohrab KhawasSohrab is a passionate cryptocurrency news writer with over five years of experience covering the industry. He keeps a keen interest in blockchain technology and its potential to revolutionize finance. Whether he's trading or writing, Sohrab always keeps his finger on the pulse of the crypto world, using his expertise to deliver informative and engaging articles that educate and inspire. When he's not analyzing the markets, Sohrab indulges in his hobbies of graphic design, minimal design or listening to his favorite hip-hop tunes.
- Dec 03, 2025 07:39 UTC
-
Chainlink Price Jumps 18% on First LINK ETF Launch, Targets $47
Chainlink jumps 18% after first U.S. LINK ETF launch, signaling renewed investor confidence.
Meanwhile, LINK chart shows rare 4-year descending wedge, hinting at potential breakout toward $47.
Chart analyst Ali Martinez predicts long-term support trendline could push LINK toward $26–$47.
Chainlink (LINK) Price surged 18%, trading near $14.38. The uptrend came right after the launch of the first U.S. Chainlink ETF.
Crypto analysts are also noticing early breakout signs on the chart and believe LINK could be gearing up for a strong rally toward $47.
Grayscale Launches First US LINK ETF
On December 2, Grayscale launched the first U.S. ETF fully focused on Chainlink under the ticker GLNK. The ETF began trading on NYSE Arca with 0% fees at launch, making it easier for investors to get regulated exposure to LINK.
Meanwhile, data from SoSoValue shows strong demand on launch day, as trading volume surged to $13.81 million, while early inflows reached nearly $43 million
With Coinbase as custodian and access on platforms like Fidelity and Robinhood, Chainlink is getting more attention from big investors.
Chainlink’s role in powering real-world data, smart contracts, and cross-chain tools makes it easier for traditional investors to see its value, boosting overall market sentiment.
Chainlink Forming A Rare Breakout Pattern
While the ETF is boosting interest, the chainlink chart is telling its own bullish story. Crypto analysts altcoin pioneer, highlight a 4-year descending wedge, a pattern known for strong breakouts after long compression.
Link token price recently bounced from the key $12.50 support level, indicating that buyers are active.
Momentum indicators are also improving, with the RSI showing a bullish divergence and sitting near the neutral 53 level, signaling growing strength.
With these signals lining up, LINK is now positioned for a potential move toward the $18–$20 resistance zone, a key area that has rejected several attempts in the past.
Chainlink Long-Term Outlook for Year-End
Adding to the bullish outlook, well-known crypto analyst Ali Martinez says Chainlink has reached a crucial long-term support trendline. He believes this level could act as a launchpad for a strong move toward $26 and possibly even $47 before the year ends.
With institutional inflows rising, a new ETF giving traditional investors easier access, and technical signals aligning for the first time in years, Chainlink is heading into December with powerful momentum behind it.
FAQs
Chainlink is surging due to a new U.S. LINK ETF launch, rising institutional inflows, and bullish chart indicators pointing to renewed investor confidence.
The new LINK ETF gives traditional investors easy exposure, boosting demand and supporting stronger price momentum in the broader Chainlink ecosystem.
Yes. LINK is forming a long-term descending wedge and rising from key support, signaling a possible breakout toward higher resistance levels.
LINK price could trade at an average price of $47 during 2025.
Trust with CoinPedia:
CoinPedia has been delivering accurate and timely cryptocurrency and blockchain updates since 2017. All content is created by our expert panel of analysts and journalists, following strict Editorial Guidelines based on E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness). Every article is fact-checked against reputable sources to ensure accuracy, transparency, and reliability. Our review policy guarantees unbiased evaluations when recommending exchanges, platforms, or tools. We strive to provide timely updates about everything crypto & blockchain, right from startups to industry majors.
Investment Disclaimer:
All opinions and insights shared represent the author's own views on current market conditions. Please do your own research before making investment decisions. Neither the writer nor the publication assumes responsibility for your financial choices.
Sponsored and Advertisements:
Sponsored content and affiliate links may appear on our site. Advertisements are marked clearly, and our editorial content remains entirely independent from our ad partners.
Yes 
No 
