Chainlink’s LINK token has pulled back after a late-September inflow-driven rally, with spot flow data showing repeated outflows as the asset struggled to hold above $15. According to spot flow data tracked from September 22 through October 4, LINK climbed from around $12.8–$13.0 to above $15 after inflows reached roughly $6 million on September 28, with another spike near $4 million. The token has since retreated toward the $14 area, and on October 2 a notable outflow approaching $4 million accompanied a move toward $13.8–$14.0.
As of October 4, LINK was trading around $14.20 after breaking below a daily low of $14.206, with the $14 level now acting as near-term support and $15–$15.5 remaining a key resistance zone. Traders have highlighted the lack of significant 24-hour trading volume, which could amplify volatility if sentiment shifts. Investor Jordan has argued that LINK is undervalued, citing Chainlink’s technology and growing corporate adoption, but the spot flow pattern suggests capital rotation has been uneven.
The price stagnation near $14 follows the significant inflows and subsequent profit-taking recorded in late September. Market participants are watching whether LINK can hold $14; sustained inflows of approximately $1 million to $2 million could support renewed momentum, while additional outflows could expose the $13–$13.5 range.
