- Chainlink price hovered near $9.00 on Friday, March 20, 2026.
- $LINK spot ETFs recorded their second‑highest inflow day with $3.34 million.
- Bulls could ride fresh optimism to target $14.
Chainlink ($LINK) is trading near $9.11 as bulls attempt to hold onto recent gains, with momentum likely to strengthen amid fresh inflows into US spot $LINK ETFs.
Data shows exchange-traded fund products tied to the oracle network recorded their second-strongest day of institutional inflows on March 19, 2026.
This came as prices touched lows of $8.90, a move that mirrors the sharp decline in Bitcoin price amid broader market jitters.
$LINK spot ETFs record second‑highest inflow day
According to on-chain data provider SoSoValue, US spot ETFs tracking Chainlink ($LINK) recorded net inflows of $3.34 million on March 19, 2026.
While modest in absolute terms, the inflows are notable as they represent the second-largest single-day inflow for these products.
The figure trails only the $4.05 million recorded on January 20. Cumulatively, $LINK-linked ETFs have attracted nearly $98 million in net inflows.
Analysts say the latest inflows point to renewed institutional appetite for exposure to Chainlink.
Among individual products, Grayscale’s GLNK drew $1.52 million, while Bitwise’s CLNK led with $1.81 million in inflows.
Such spikes in inflows are often associated with improving price sentiment and stronger on-chain liquidity for the underlying asset.
The inflows also come as Chainlink’s infrastructure gains traction.
Amundi, which manages more than €2.3 trillion in assets, recently launched a tokenised mutual fund, SAFO, on the Chainlink network.
𝗟𝗜𝗩𝗘: Europe's largest asset manager Amundi (€2.3 trillion AUM) & Spiko launch new tokenized mutual fund (SAFO) powered by Chainlink.
Chainlink is how the world's leading institutions & tokenization platforms are unlocking the issuance & distribution of tokenized funds. pic.twitter.com/2GQshwqCrC
— Chainlink (@chainlink) March 19, 2026
$LINK price outlook
The surge in spot ETF demand offers a bullish structural backdrop for $LINK’s price.
As noted, fresh capital deployment signals persistent institutional accumulation outside the traditional spot and futures markets.
$LINK sits near the upper end of its recent trading range, with the token currently changing hands near $9.00.
This means that further ETF‑driven buying could accelerate a move above key resistance levels.
From a technical perspective, $LINK’s daily Relative Strength Index (RSI) hovers in neutral territory near 48.
This suggests that the market is indecisive.
On the upside, bulls retain room for another spike before hitting exhaustion.
Elsewhere, the Moving Average Convergence Divergence (MACD) remains in a consolidating phase, with the histogram flattening.
This shows that momentum is stabilising rather than reversing, and a breakout could materialise.
This aligns with a bull‑flag or ascending channel pattern visible on the daily chart.
The 50-day and 100-day EMAs offer immediate resistance at $9.50 and $10.18 levels. Momentum could bring $14.21 into play.
In the opposite direction, bears could target channel support around $7.78.
