Bitwise Submits Application for First U.S. Spot Chainlink ETF, LINK Rises 5%

Written by Ohris M. Greyoon, Blockchain & Crypto Expert

Source: Coinmarketcap

Updated: Aug 28 2025

LINK-1.115%

FORM-2.874%

Should l Buy LINK?

Chainlink ETF Filing Impact: Chainlink (LINK) surged 5% after Bitwise Asset Management filed for a U.S. spot Chainlink ETF, allowing institutional investors direct exposure to LINK through Coinbase Custody.
Market Predictions: Analysts predict that if the ETF is approved, LINK could rise to between $26 and $38, with long-term forecasts suggesting a peak near $195 by 2030.
Institutional Demand and Adoption: The ETF filing indicates strong institutional interest in LINK, supported by recent ecosystem developments and growing adoption of Chainlink's oracle services.
Regulatory Risks: While the ETF could significantly boost LINK's price, regulatory delays or negative market sentiment could lead to a price drop to the $22-$23 range.

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Technical Analysis for LINK

Technical Sentiment Analysis for Chainlink (LINK) As of , Chainlink (LINK) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 3 technical signals, shows that 0 indicators are flashing buy, while 3 are indicating sell.

Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for LINK stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.

Support, Resistance & Moving Averages From a structural perspective, LINK is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.

Chainlink (LINK) Support & Resistance Level

Name	S3	S2	S1	Pivot Points	R1	R2	R3
Classic	3.249	5.199	7.269	9.219	11.289	13.239	15.309
Fibonacci	5.199	6.735	7.684	9.219	10.755	11.704	13.239

About LINK

Founded in 2017, Chainlink is a blockchain abstraction layer that enables universally connected smart contracts. Through a decentralized oracle network, Chainlink allows blockchains to securely interact with external data feeds, events and payment methods, providing the critical off-chain information needed by complex smart contracts to become the dominant form of digital agreement.The Chainlink Network is driven by a large open-source community of data providers, node operators, smart contract developers, researchers, security auditors and more. The company focuses on ensuring that decentralized participation is guaranteed for all node operators and users looking to contribute to the network.To learn more about this project, check out our deep dive of Chainlink.

About the author

Ohris M. Greyoon

Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.

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