October 12th 2026, 7:39 AM
Chainlink Sees Surge in Demand Amid ETF Inflows
Key Summary
Chainlink's price surged to near $13.50, driven by record $9.48 million in LINK-focused ETF inflows, as the token recovers from its recent correction. Stronger demand from large holders and rising balances among holders support the uptrend. A confirmed breakout could bring $13.93 into focus, while initial support sits at $13.32 and $12.95.
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Technical Analysis
Chainlink traded near $13.50 on Monday, extending its recovery from Thursday's $12.09 low. The funds have recorded five consecutive weeks of inflows, pointing to sustained demand through traditional investment products. That buying provides a supportive backdrop for LINK's rebound, although continued inflows will be important if the recovery is to extend beyond nearby resistance.Large Holder Exposure
Santiment data shows that wallets holding between 1 million and 100 million LINK now account for 65.6% of circulating supply. That compares with 65.38% on October 1, an increase of 0.22 percentage points. The rising share suggests increased exposure among large-wallet holders.Technical Structure
Chainlink's broader technical structure remains supported by a rising trendline connecting the August 10 and September 16 lows near $12.30. Nevertheless, the token is still recovering from a downswing that began at the September 29 high of approximately $15.77. On the four-hour chart, LINK sits just above its declining 50-period exponential moving average near $13.32. The next hurdle is a descending resistance trendline around $13.50, connecting the September 30 and October 5 highs. A confirmed move above that barrier could bring $13.93 into view, the 50% Fibonacci retracement of the decline from $15.77 to $12.09.#Chainlink#ETFs#US#Crypto#Investments