Chainlink’s Price Is Forming A Bearish Pennant As LINK ETF Inflows Decline
The post Chainlink’s Price Is Forming A Bearish Pennant As LINK ETF Inflows Decline appeared on BitcoinEthereumNews.com.
The post Chainlink’s Price Is Forming A Bearish Pennant As LINK ETF Inflows Decline appeared first on Coinpedia Fintech News Chainlink has continued to be one of the prominent names within the cryptocurrency space, with mentions during a time of elevated market sentiment related to decentralized oracle networks. In line with the cautions witnessed within the world of crypto news, related technological indicators are now reflecting a change in momentum. Within this environment, investors are watching LINK closely, while also tracking emerging blockchain technology projects that focus on real-world utility. One such project is Remittix (RTX), which has continued to surface in crypto analysis discussions due to its payments-focused PayFi model and steady product rollout. Chainlink Technical Structure Signals Caution Chainlink is trading at a price of $13.30, registering a moderate gain of 0.19% within the day. Its market cap remains close to $9.39 billion, but its daily trading volume crashed by over 20% to $588.53 million. The reduced trading volume correlates with decreased market sentiments for LINK. Analysis reveals that Chainlink is establishing a bear pennant formation. The cryptocurrency had reached a price of $11.74 on December 18. This activity established a finishing point on this downward momentum. Since this period, Chainlink seemed to be in a period of stagnation. Decreases in ETF inflows due to exposure to Chainlink also contributed. Despite this, Chainlink has been in an accumulation phase ever since late November. Such trading action in a range shows that the longer-term investors are still participating in the market, despite the fact that the shorter-term traders are not actively participating in the market. A breakout from the range might just determine what the next level of the market will be. Why Remittix Is Gaining Attention Alongside LINK As Chainlink is trying to break past some technical resistances,…
Filed under: News - @ January 10, 2026 5:28 pm