As per Captainaltcoin, the Chainlink (LINK) price rose nearly 18% in a single day, reaching $14.56, with trading volume increasing over 90%. This surge is attributed to the launch of Grayscale’s GLNK ETF on NYSE Arca on December 3, which saw $14M in day-one trading volume—28 times higher than its pre-conversion average. The ETF provides regulated investors with a direct route to LINK without using crypto exchanges. Additionally, the price broke out of a two-month downtrend above the $14.64 resistance level, signaling a potential shift in momentum. Analysts suggest a move above $15 could open the path to $16.22 and $19.25.
Chainlink (LINK) Price Surges 18% Amid ETF Launch and Technical Breakout
CaptainAltcoinShare
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.