Chainlink LINK: Institutional ETF Catalyst and Technical Reversal Signal Bullish 2026 Outlook

Chainlink (LINK) is showing signs of a mid-term bullish reversal, with its price currently retesting a critical logarithmic support level that has held strong over the past two years. The altcoin, carrying a fully diluted valuation of $9.4 billion, appears to be forming a potential double-bottom pattern. This suggests a shift away from the selling pressure that characterized the latter part of 2025.

The technical picture supports this optimism. The weekly MACD indicates waning selling momentum, while the Relative Strength Index (RSI) hovers NEAR oversold levels—a classic setup that often precedes a recovery. Daily charts provide further confirmation, showing LINK breaking out from a falling logarithmic trajectory.

Institutional demand is adding significant fuel to the bullish thesis. Bitwise Investments has announced plans to launch a spot LINK ETF (ticker: CLNK), which would provide regulated, mainstream exposure for major investors. Such ETF products have historically acted as powerful demand catalysts, as evidenced by the trajectories of Bitcoin and ethereum following their own ETF approvals. The convergence of strengthening technicals and accelerating institutional adoption creates a compelling case for LINK's prospects throughout 2026.