Chainlink liquidity cluster at $9 could drive LINK higher after ETF inflows
Chainlink (LINK) rebounded after holding support near $7.52 and pushed toward the $8.39–$8.42 zone, gaining roughly 5% over the past week. Protocol fundamentals showed improvement: the Chainlink reserve rose to about 2 million LINK (~$17 million) and on‑chain revenue increased sevenfold. Institutional demand remains consistent — LINK ETFs recorded weekly inflows, adding approximately 1.71 million LINK this week with no outflows. Technicals show RSI dipped below 32 (historical accumulation signal), a bullish flag on lower timeframes, and a positive MACD histogram on the 4‑hour chart. Liquidity data (CoinGlass) highlights a concentrated liquidity cluster between $9.00 and $9.30, which may act as a magnet for price if buyers push decisively; meanwhile, liquidity between $7.8 and $8.0 remains exposed and could be targeted in a sweep. Traders should watch the $9–$9.3 zone as a potential breakout target — reclaiming that area is important to sustain upside and avoid another downside liquidity hunt. Key keywords: Chainlink, LINK, ETF inflows, liquidity cluster, technical breakout.
Bullish
The news combines improving on‑chain fundamentals (reserve growth and a sevenfold revenue uptick) with steady institutional demand — LINK ETFs reported continuous weekly inflows (about 1.71M LINK this week) and no outflows — which supports a bullish outlook. Technical indicators reinforce this: a rebound from $7.52, a bullish flag on lower timeframes, RSI in an accumulation range, and a positive 4‑hour MACD suggest buyers are regaining control. The identified liquidity cluster at $9–$9.3 is a plausible near‑term target that could accelerate momentum if consumed. However, risk remains: exposed liquidity at $7.8–$8.0 could be hunted in another downside sweep if bulls fail to sustain upside. In past instances (altcoins with steady ETF demand and clear liquidity walls), consumption of a visible liquidity cluster has often preceded sharp short‑term rallies as stop orders and limit liquidity fuel rapid moves. Therefore, expect a bullish short‑term reaction if price breaks toward and through $9–$9.3, while failure to reclaim that zone may lead to consolidation or a retest of lower support. Traders should watch ETF flow updates, on‑chain reserve changes, and order‑book liquidity around $9 and $7.8–8.0 to time entries and manage risk.