Chainlink (LINK) Shows Short-Term Strength Amid Conflicting Market Signals

Chainlink (LINK) has seen short-term positive momentum, gaining 2.74% in the last 24 hours and 15.25% over the past week. This uptick was fueled by optimistic news, including:

• Franklin Templeton considering adding major altcoins like Chainlink to its crypto index ETF.
• The DTCC moving the Bitwise Chainlink spot ETF into the pre-launch category, boosting long-term confidence.

Price Action and Key Resistance

The selling pressure is still evident when looking at the price chart:

• The Money Flow Index (MFI) was reading 35, indicating seller dominance and persistent downward momentum, which aligns with the continuous hodler selling.
• The $16 supply zone is critical. For a sustained, strong uptrend to begin, LINK must successfully flip this $16 resistance level into support.

In summary: While recent news and spot market buying have created a spark of short-term bullishness, significant long-term investors are still selling. Chainlink's ability to overcome the $16 resistance will determine the start of a strong sustained uptrend.

November 2025, Cryptoniteuae