Chainlink (LINK) is capturing renewed institutional attention despite a slight weekly pullback, with a major tokenized fund launch by Fidelity International and steady spot ETF inflows fueling optimism. LINK was trading around $10.22 on Thursday, down nearly 5% for the week but holding above key support levels including the 100-day EMA at $9.91 and the 50-day EMA near $9.55.
On Wednesday, Fidelity International—a global asset manager overseeing roughly $1 trillion in client assets—introduced its first tokenized fund, the Fidelity USD Digital Liquidity Fund (FILQ). Issued through Sygnum Bank’s tokenization platform, the fund received a AAA-mmf rating from Moody’s Ratings, a designation reserved for money market instruments. Chainlink will supply on-chain net asset value (NAV) and distribution data, enabling near-real-time transparency, while JPMorgan will deliver the official daily NAV figures. Fernando Vazquez, president of capital markets at Chainlink Labs, emphasized that the integration delivers “verifiable, real-time NAV and distribution metrics.”
Growing ETF demand is also supporting the asset. US-listed spot LINK ETFs recorded inflows of $2.44 million on Wednesday, following $1.91 million on Monday, bringing the two-day total above $4.3 million according to SoSoValue data. Continued buying pressure from these vehicles could further bolster LINK prices.
On-chain metrics are flashing bullish signals. Santiment data shows Chainlink’s social dominance reached a new yearly high of 0.232% on Thursday, the strongest reading since November 2025. Ecosystem trading volume climbed to $741 million, marking a steady rise since late April. Crypto analyst Rand Group noted on X that “the $LINK marines remain strong, solid breakout, pushing towards the $15 range.”
From a technical perspective, LINK’s RSI sits just above 60 and the MACD remains in positive territory—indicating upward momentum is intact but not accelerating. Immediate support lies at $9.91–$9.93; a breakdown would expose $9.56 and $9.20. Resistance starts at $10.78, then $11.42 and $11.63. If ETF inflows persist and the Fidelity partnership reinforces Chainlink’s utility, a move toward the $12–$15 range is plausible.
