Chainlink (LINK) Price Set for $30 Breakout as Bitwise ETF Filling

Recently, Bitwise Asset Management made headlines after filing with the U.S. SEC for the first-ever Chainlink ETF. 

This move not only signals growing institutional interest in the token but also pushes Chainlink (LINK) price closer to a potential breakout above the $30 mark.

With the current LINK price hovering around $24.03, as seen in the latest chart data, investors are watching closely to see if the momentum can continue. Read this article to find out more!

Chainlink (LINK) Price After Bitwise ETF Filling

Within hours of the announcement of Bitwise ETF filling, Chainlink (LINK) price climbed nearly 6%, rebounding from lows of around $22.9 to over $24. 

This rebound highlights renewed investor confidence, especially as the market had been consolidating in previous weeks.

Whale activity also played a role, with reports showing $1.4 million worth of LINK purchased in the past week. This large-scale accumulation added to the bullish sentiment, fueling speculation about whether LINK could break above its key resistance at $24.30.

Read Also: Chainlink Rockets to 7-Month Peak as Wallet Activity Soars

Why the Bitwise ETF Filling Matters for Chainlink (LINK)  

Bitwise’s proposed ETF is more than just a new investment product, it represents a milestone for altcoins with real-world utility. 

Unlike speculative meme coins, Chainlink powers a decentralized oracle network that connects real-world data to smart contracts. This makes it a vital piece of infrastructure for DeFi, NFTs, and cross-chain blockchain applications.

If approved, the LINK ETF would give Wall Street direct exposure to LINK, expanding the reach of institutional capital beyond Bitcoin and Ethereum. 

Analysts believe this move could mark the beginning of a new wave of adoption for Chainlink and similar utility-driven cryptocurrencies.

Read Also: Chainlink Price Analysis and Prediction: Will LINK Hit $30?

Chainlink (LINK) Price Analysis

Looking at the daily chart, Chainlink (LINK) price recently pulled back slightly to $24.03, but it remains above key moving averages. The MA 25 sits at $22.41 while the MA 60 holds at $18.72, suggesting that LINK still has strong support levels despite recent volatility.

Technical indicators, such as the Relative Strength Index (RSI), show that LINK is not yet in overbought territory, leaving room for potential upward movement. 

Analysts suggest that if LINK can secure a breakout above $24.30 with strong volume, the next target zone lies around $30.

Crypto ETFs on the Rise

Bitwise is not only eyeing Chainlink (LINK) but is also pushing for ETFs tied to other altcoins like Solana, XRP, Dogecoin, and Aptos. 

This wave of filings suggests a shift in how traditional finance views cryptocurrencies, moving from speculative plays to recognizing utility-based tokens as long-term assets.

While the SEC’s regulatory stance remains cautious, the filing of a Chainlink ETF could act as a catalyst for broader market optimism, especially if it leads to increased institutional inflows.

Read Also: Chainlink Reserve: Strategic Onchain LINK Reserve

Conclusion

The Chainlink (LINK) price is showing bullish potential as Bitwise’s ETF filing captures market attention. With whale investors accumulating and the token holding above critical support levels, the path to $30 looks increasingly possible. 

However, volatility remains a factor, and a clear breakout above resistance will be key for sustained momentum. For now, all eyes are on both the SEC’s decision and LINK’s performance in the coming weeks.

If the ETF gets approval, it could mark a historic moment not just for Chainlink but for the broader altcoin market.

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FAQ

What is the current Chainlink (LINK) price?

As of now, LINK is trading around $24.03, showing a 4.7% increase in the past 24 hours.

Why is Bitwise filing a Chainlink ETF important?

It marks the first attempt to create a regulated investment product for LINK, signaling institutional interest and potentially boosting adoption.

Can Chainlink reach $30 soon?

Analysts suggest LINK could hit $30 if it breaks above the key $24.30 resistance with strong buying pressure.

How does Chainlink differ from other altcoins?

Chainlink powers a decentralized oracle network that connects blockchain smart contracts with real-world data, making it essential for DeFi and cross-chain ecosystems.

What risks should investors consider?

Despite bullish sentiment, volatility remains high. Regulatory uncertainty and broader market conditions could still impact LINK’s price movement.