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TLDR
LINK trades near $13.84 after pulling back from a move above $15 The rising trend line from August sits around the low-$13 range and has held so far Chainlink launched CCIP 2.0, adding new security and speed features for cross-chain transfers U.S. Chainlink ETFs now hold about $235 million combined, roughly 17 million LINK Analyst Don Wedge points to a five-year triangle pattern with a $67 targetChainlink (LINK) is trading around $13.84 after pulling back from a recent move above $15. Buyers are still defending the broader uptrend that began in August.
Chainlink (LINK) Price
LINK opened near $13.86 on October 6 and touched an intraday high around $13.92. The token was nearly flat on the daily chart at the time.
The bigger picture looks stronger than it did over the summer. LINK traded near $8 in August before climbing and forming a pattern of higher lows.
That climb pushed Chainlink through the $10-$11 area and up toward a resistance zone between $14.50 and $15.00.
LINK bulls face resistance near $15
The $14.50-$15.00 zone is the key level on the daily chart right now. LINK briefly moved above $15 in late September before sellers pushed it back down.
A daily close above $15 would clear that barrier and could open the door toward $16. On the downside, the rising trend line from August sits near the low-$13 range and has supported recent dips.
Below that, the $10.30-$10.80 area remains the strongest support zone, the same region LINK broke above during its August rally.
Momentum has cooled but hasn’t turned negative. The daily RSI sits at 56.00, above the neutral 50 mark but short of overbought territory. MACD is more cautious, with the MACD line below its signal line and a negative histogram, pointing to weaker short-term momentum after the late-September rally.
Source: TradingView
Chainlink also rolled out CCIP 2.0, a protocol upgrade adding opt-in security tools called Cross-Chain Verifiers. These let institutions add extra verification steps to cross-chain transfers. The upgrade also adds faster-than-finality transfers, giving users more say over transaction speed and confirmation.
Chainlink’s data services have expanded too. Data Feeds went live on Stellar, and CCIP support was added to the Arc mainnet in September.
On the investment side, Bitwise’s U.S. Chainlink ETF has pulled in about $47 million in cumulative net inflows, with $14 million of that in the past month alone. The fund had no outflow days during that stretch.
Investors flocking to buy Chainlink exposure.
Spot @Chainlink ETFs just saw their best week since August, soaking up +$8.3M in the past five trading days.
Impressively, spot $LINK ETFs have seen just two single days of net outflows since launching last year, and only one week… pic.twitter.com/kVM62qjnsk
— BSCN (@BSCNews) October 4, 2026
Combined, the two tracked U.S. Chainlink funds held about $235 million as of October 5, equal to roughly 17 million LINK. Grayscale’s fund held around $169 million of that, with Bitwise’s CLNK holding about $66 million.
Analyst Don Wedge pointed to LINK’s long-term chart structure, describing a five-year symmetrical triangle with support ascending from 2019 that LINK has just bounced from. He named $18.4 as the first level to clear, calling it the triangle’s descending resistance line, and set a breakout target of $67 if the pattern resolves. He noted the chart is nearing its apex, which he says is forcing a resolution soon.
$LINK → five year symmetrical triangle
support → ascending from 2019, just bounced
first level → $18.4, the descending resistance
breakout target → $67
apex → forcing resolution
half a decade of compression doesn't resolve small pic.twitter.com/MBhK7g034D
— Don 🐂 (@DonWedge) October 5, 2026
Chainlink is holding near $13.84 with its daily uptrend intact. Bulls need to defend the trend line and reclaim $14.50-$15.00 for the next leg higher.
The post Chainlink (LINK) Price: One Chart Pattern Points to a Massive Breakout appeared first on CoinCentral.
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