Based on TheMarketPeriodical, the Grayscale LINK ETF attracted $2.56 million in inflows on Wednesday, ending a two-day pause. This renewed demand, alongside rising whale accumulation and exchange outflows, suggests potential for a price rebound. On-chain data indicates increased retail and institutional interest, while technical analysis highlights a bullish flag and falling wedge pattern. The LINK price currently trades at $13.68, down from a recent high of $14.98.
Chainlink Price Outlook as LINK ETF Inflows Resume After Two-Day Pause
TheMarketPeriodicalShare
Summary
On-chain data shows the Grayscale LINK ETF pulled in $2.56 million on Wednesday, ending a two-day inflow pause. Whale accumulation and rising exchange outflows point to renewed buying interest. On-chain analysis reveals growing retail and institutional participation. Technicals show a bullish flag and falling wedge pattern. LINK trades at $13.68, down from $14.98.
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