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Crypto

Chainlink Price Eyes $15 as Institutional Flows Boost Market Confidence

Guavy AI Editorial Team
Instruments
LINK
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Chainlink's price has surged 35% over the past 30 days, sparking expectations of a move above $15. The token is gaining attention as institutional flows improve market confidence ahead of key catalysts.

The Chainlink ETFs have rebounded in September, with Bitwise's CLNK and Grayscale's GLNK attracting $5.36 million in inflows. This represents a significant increase compared to the subdued start to September.

The LINK price has reached $11, and analysts predict it could rally 29% towards $15 if it breaks through this resistance point. The MACD line is below zero, but the positive histogram reading indicates that bearish momentum is diminishing.

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