\n\t\t\t\t\t\t\t\t\tChainlink trades near $16 as analysts watch the $13\u2013$26 range for a breakout, with exchange reserves falling and an ETF nearing launch.\t\t\t\t\t\t\t\t<\/p>\n<\/p><\/div>\n
Chainlink (LINK) is trading near $15 at press time, down slightly over the last day but still holding a weekly gain of over 9%.<\/p>\n
The price remains within a defined range that analysts say could dictate the next breakout.<\/p>\n
Price Structure Tightens Ahead of Key Break<\/h2>\n
A long-term symmetrical triangle has formed on the weekly LINK\/USDT chart. This pattern has developed over several years, with lower highs and higher lows. Ali Martinez pointed out that the $13\u2013$26 range has become a \u201cno-trade<\/em>\u201d zone. He noted that the next major price move will likely come once LINK exits this range.<\/p>\n The range between $13 and $26 is a no-trade zone for Chainlink $LINK<\/a>. The next major move will come once price breaks out of this range. pic.twitter.com\/y69Adpc5un<\/a><\/p>\n \u2014 Ali (@ali_charts) November 12, 2025<\/a><\/p>\n<\/blockquote>\n The asset has tested both sides of the triangle but has not yet broken out. The structure is now approaching its final stages. A clear break above $26 or below $13 could define the next trend. Until that happens, the token is expected to remain inside this tightening range.<\/p>\n On the daily chart, LINK is moving between its 9-day and 21-day moving averages, sitting at $15 and $17 respectively. A close above $17 could open the path to higher levels, while a drop below $15 would weaken the setup.<\/p>\n MACD data shows the indicator line has crossed above the signal line, while both remain in negative territory. This early move may suggest momentum is shifting, but further confirmation is still needed.\u00a0CRYPTOWZRD noted<\/a> that the price must stay above $16 to open up targets toward $20.<\/p>\n \u201cBelow $15.40 is a bearish zone that will expose the $13.50 support,\u201d they said.<\/p>\n<\/blockquote>\n The outlook remains tied to Bitcoin\u2019s broader direction for now.<\/p>\n Data from CryptoQuant shows that LINK\u2019s exchange reserves fell from around 167 million to 136.8 million tokens between October 12 and November 12. This reduction suggests<\/a> many holders are moving tokens off exchanges, likely for storage or long-term positions.<\/p>\n This trend usually points to lower selling pressure. However, LINK\u2019s price has not followed with a strong uptrend, indicating the market is still waiting for confirmation before reacting.<\/p>\n Meanwhile, Bitwise\u2019s proposed spot Chainlink ETF (CLNK) is now listed on the DTCC\u2019s pre-launch list. This follows its August registration with the SEC. As reported<\/a> by CryptoPotato<\/em>, the listing suggests the fund may be approaching launch.<\/p>\n Separately, Chainlink also began<\/a> its Rewards Season 1 campaign. Eligible stakers can earn points from nine projects by allocating \u201cCubes<\/em>\u201d between November 11 and December 9. Token rewards will unlock from December 16 over a 90-day period.<\/p>\n <\/p><\/div>\n\n
Near-Term Trend Holds Above Support<\/h2>\n
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On-Chain Data and Developments<\/h2>\n
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