Derived from Cryptoticker, Grayscale’s Chainlink Trust ETF (GLNK) has launched on NYSE Arca, marking a major milestone for Chainlink and the oracle sector. The ETF’s debut has generated strong institutional and retail interest, with over 1.17 million shares traded on the first day. Analysts suggest that Chainlink’s price could see a potential trend reversal, with technical indicators showing early bullish signs. The price currently sits around $14.60, with resistance levels at $16.80, $18.50, and $21.20. If momentum continues, Fibonacci extension levels could push the price toward $25–$30, and potentially $50 in the coming quarters. Chainlink’s fundamentals are also strengthening, with its Cross-Chain Interoperability Protocol (CCIP) gaining adoption from major financial institutions.
Chainlink Price Prediction: Can LINK Reach $50 Amid ETF Launch and Bullish Momentum?
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