#LINK: Chainlink Price News 7-1-2026 - What's Next for Chainlink? Detailed LINK Elliott Wave Price Analysis | Key Support Levels. Video by More #Crypto Online.
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On January 7, 2026, the Chainlink (LINK) price closed at approximately $13.71, within a daily range of $13.70 to $14.04. The price is consolidating above the $13 psychological level, with recent news driven by technical analysis and a lack of major catalysts.
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Key Insights
-SEC Approval: News of the SEC approving a Bitwise Chainlink spot ETF has led to market optimism and a price jump, with some analysts predicting a potential rally to $20.00.
-Technical Resistance: LINK has tested the $14.50 resistance level multiple times in January 2026. A sustained break above this level could trigger a significant upward move.
-Institutional Adoption: Chainlink co-founder Sergey Nazarov has expressed excitement for 2026, anticipating that the ecosystem can become a global standard for traditional finance (TradFi) and decentralized finance (DeFi). The network's role as essential "plumbing" for institutional crypto is seen as a major long-term driver.
-Supply Dynamics: Whale accumulation and reduced exchange supply, including a large outflow of over 695,000 tokens on January 6, 2026, suggest potential upward pressure if retail demand returns.
-Market Sentiment: While short-term volatility exists, the token is maintaining a multi-year ascending support structure, which many analysts view as a foundation for a longer-term bullish breakout.
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