Chainlink Approaching the $15 Threshold: Will Nasdaq CME's Recognition Drive the Next Rally?

Recent news about Nasdaq and CME Group approving the Nasdaq CME Crypto Index – an index comprising leading digital assets like Bitcoin, Ethereum, and Chainlink – has garnered attention in the crypto community. With LINK currently trading around $14.12 (up 1.73% in 24 hours), this move could be a significant turning point for this altcoin. The question is whether LINK can break through key resistance levels and aim for long-term targets.

The Importance of Liquidity Clusters at $15

Market data analysis shows an interesting detail: a substantial liquidity cluster worth approximately $1.32 million is concentrated near the $15 level. Large liquidity blocks like this often act as “price magnets,” attracting capital as upward momentum builds. If LINK can sustain momentum from the current zone, it will become the next natural stopping point. Active Telegram traders are closely monitoring this price level, preparing for a potential breakout.

Technical Indicators Indicating Reversal Potential

Currently, LINK is consolidating around the $13 – a price level that has previously served as a launch point for prior rallies. Selling pressure in this area is gradually depleting, creating an important repeat equilibrium zone. On the price chart, the Stochastic RSI indicator is entering oversold territory, a signal historically associated with price reversals. This suggests that sellers have exhausted or lightened their positions, creating favorable conditions for strong buyers to step in.

On-Chain Activity: Signs of Smart Investors

On-chain data provides further encouraging evidence. The circulating supply of LINK tokens has increased by 5% in the last 24 hours, a pattern often seen when large investors are strategically positioning rather than panicking sell-offs. This increase indicates active buying behind the scenes. With a total circulation of 708,099,970 tokens, each strategic accumulation step by smart funds is meaningful.

The Role of Institutional Recognition

An undeniable factor is the changing macro context around LINK. The collaboration between Nasdaq and CME to include Chainlink alongside Bitcoin and Ethereum is not just promotional. It’s a recognition that LINK has become part of the fundamental crypto infrastructure, no longer just an experimental token. This move by traditional financial institutions could open new channels of institutional capital, boosting long-term demand for the token.

Next Expectations

To maintain reversal expectations, LINK needs to hold above the daily imbalance zone around $13. If this occurs, the short-term $15 targets will serve as a launchpad for larger movements. The combination of positive technical signals, optimistic on-chain data, and institutional recognition suggests the market is accumulating strength for the next upward move.