Chainlink Price Jumps 35%, Eyes $15 Target Amid Institutional Demand Rebound

Chainlink's price has surged over 35% in the past 30 days, sparking expectations that it could reach $15. The LINK token traded around $11 on September 12 after a brief decline of 0.73%. Institutional demand for Chainlink has shown signs of recovery, with Bitwise's CLNK and Grayscale's GLNK recording inflows of $1.09 million and $4.27 million respectively on September 9 and 10.

The total inflows for both products in September reached $5.36 million, although they reported zero net inflows on September 11. Combined historical net inflows for the two Chainlink investment products stood at $151.76 million. Grayscale's GLNK held $135.88 million in assets with $3.36 million in trading volume.

Momentum indicators are showing early signs of improvement, with a positive 0.011 histogram suggesting bearish pressure was easing. A four-hour close above $12 could open the path toward the recent $13.30 high and potentially put $14 in focus before LINK targets $15, representing approximately 29% upside from the indicated entry zone.