Chainlink price tests $8 as ETF inflows spark a new LINK rally

Chainlink LINK continued its recovery on Friday, trading above $7.90 after posting modest gains in the previous session. 

The token is benefiting from renewed institutional interest and expanding adoption of its cross-chain technology, helping improve investor sentiment despite broader market uncertainty.

Growing inflows into spot Chainlink exchange-traded funds (ETFs), combined with new ecosystem integrations involving Mantle and Aave, are reinforcing the long-term outlook for LINK.

Spot LINK ETFs record back-to-back inflows

Institutional demand for Chainlink is showing early signs of recovery.

According to data from SoSoValue, spot LINK ETFs attracted approximately $565,680 in net inflows on Thursday, following another $74,260 in inflows recorded the previous day.

The consecutive inflows suggest institutional investors are gradually rebuilding exposure to Chainlink after a period of subdued activity.

If buying momentum continues, it could provide additional support for LINK's ongoing price recovery.

Chainlink's ecosystem continues to grow as more blockchain projects integrate its interoperability infrastructure.

Mantle announced that its Mantle Super Portal, developed in partnership with Bybit, will migrate to Chainlink's Cross-Chain Interoperability Protocol (CCIP) as its exclusive cross-chain messaging infrastructure. 

The upgrade is expected to provide enterprise-grade security while simplifying cross-chain asset transfers.

At the same time, Aave unveiled its new Stable Vaults platform, which enables businesses to integrate fixed-rate stablecoin yield products powered by Chainlink CCIP and Chainlink Price Feeds.

The latest integrations highlight the growing adoption of Chainlink's technology across decentralized finance (DeFi), strengthening the network's utility and supporting long-term demand for the LINK token.

LINK technical outlook: Bulls need to break above the 50-Day EMA

Despite its recent rebound, LINK continues to face significant technical resistance.

The token remains below the 50-day Exponential Moving Average (EMA) at $8.12, the 100-day EMA ($8.68), and the 200-day EMA. 

LINK has already surpassed the $7.92 resistance level and could extend its rally towards the 50-day EMA at $8.12.

Momentum indicators are beginning to improve. The Relative Strength Index (RSI) is hovering around 60, indicating a growing bullish momentum.

Meanwhile, the Moving Average Convergence Divergence (MACD) remains in positive territory, suggesting buyers are gradually regaining control.

A sustained move above the 50-day EMA at $8.12 would strengthen LINK's recovery and could open the door to the next major resistance near $8.48.

Beyond that, bulls will likely target the 100-day EMA around $8.68.

On the downside, immediate support remains near $7.20, while the $7.01 support serves as a stronger defensive level should selling pressure return.

With institutional inflows improving and the adoption of Chainlink CCIP accelerating across major DeFi platforms, LINK's medium-term outlook remains constructive. 

However, bulls will need to clear the cluster of resistance above $8.00 before a stronger upward trend can take hold.