Key Insights
- An expert provided a bullish target of $46 in the latest Chainlink news explaining that the cryptocurrency could sustain a strong rally in coming weeks if it holds the current level of $13.
- Grayscale launched its first Chainlink ETF, trading under the ticker GLNK, and it had a strong start amid attracting $42 inflows.
- The upper side of LINK’s price long-term channel sits around $46, which lines up with the next bullish target.
In the latest Chainlink (LINK) news, a leading analyst has set a $46 price target following the launch of the first Chainlink ETF, which hit the market yesterday.
The Grayscale fund drew strong investor interest on day one, with inflows exceeding $42 million.
The data infrastructure token rose back to the spotlight across the overal crypto market after recording a notable one week uptick of 7.6%.
Expert Eyes Chainlink (LINK) Price Target of $46
An expert provided a bullish target of $46 in the latest LINK news explaining that the cryptocurrency could sustain a strong rally in coming weeks if it holds the current level.
Chainlink price is sitting right on its major weekly support near $13, and so far the level is holding.
This trendline has guided the market since 2023, and every touch has led to a strong move higher.
We’re seeing the same type of reaction again, with buyers showing up at the right moment.
The chart also highlights something important: LINK price has spent long periods accumulating before each major breakout.
The last two breakouts delivered gains of more than 130%, and the current setup looks very similar.
Price has been moving sideways, forming another base, and now it’s pushing off that same rising support.
If Chainlink (LINK) price holds this level and the crypto market stays firm, there’s room for a much larger move.
The upper side of the long-term channel sits around $46, which lines up with the next bullish target. It’s a big jump, but it matches how LINK has moved in past cycles.
From a technical view, the chart still points upward as long as the trendline holds. Chainlink (LINK) price is now at a key point—either the uptrend continues, or the market could lose momentum.
Holding $13 keeps the bullish structure alive and points toward another strong rally.
Chainlink (LINK) News: ETF Inflows Hit $42M
Grayscale launched its first Chainlink ETF, trading under the ticker GLNK, and it had a strong start.
The fund pulled in nearly $42 million on day one. Bloomberg ETF analyst James Seyffart called it a “very good opening for a new launch.”
He added that the fund now holds $64 million in assets and shows solid trading volume. Seyffart said the debut is even more impressive because crypto markets have struggled in the past month or two.
This ETF is Grayscale’s first U.S. product tied to Chainlink. It uses an ETP structure, rather than a traditional 40-Act ETF.
That gives investors an easier way to gain exposure to Chainlink. Grayscale says this move fits its plan to open access to key crypto assets used in tokenization and data oracles.
Eyes are also on Bitwise’s Chainlink ETF. The fund showed up on the DTCC last month under the ticker CLNK.
Noteworthy, this is an administrative step and does not mean the ETF has full approval yet. Unlike most funds, GLNK holds Chainlink’s native token directly.
This allows investors to tap into a project that is central to on-chain data infrastructure.
At the same time, the firm warns that the product carries higher risk and should not be treated like a traditional ETF.
Source: https://www.thecoinrepublic.com/2025/12/04/chainlink-price-prediction-46-in-sight-amid-whale-buys-etf-inflows/
