Will Chainlink’s Weekly Double Bottom Hold For Trend Reversal?

Chainlink is testing its double bottom support near 0.0001700 BTC which. It serves as an important support level that has been validated several times.

LINK/BTC has potentially returned to establish the range bottom. That suggests an upcoming trend reversal as buyers could join these levels.

The crucial resistance for a breakout exists near 0.0004480 BTC while an additional extended target points to 0.0006721 BTC.

Chainlink (LINK) has previously rejected the range by escalating to round 0.0003000 BTC from this area.

A potential future rise of 419.89% could lead LINK prices to 0.0007950 BTC following a successful breakout at 0.0004480 BTC.

LINK/BTC weekly chart | Source: Trading View

Failure to maintain above 0.0001700 BTC could result in a fresh downtrend that might extend to untested price levels which are lower.

An ongoing sequence of lowering highs in Chainlink (LINK) could push the coin towards further price consolidation before any increase in value occurs.

The established weekly pattern increases indications of forthcoming momentum change.

Bullish continuation becomes more likely when key resistance is successfully broken. Yet another rejection from resistance could extend the accumulation period.

RSI strength coupled with volume confirmation will play vital roles in deciding the following significant market shift.

LINK/ETH Price Action Gearing for RWA/Oracle Cycle

According to the daily chart of LINK/ETH, the market displayed strong indications for an upcoming breakout.

The exchange rate rose to 0.044000 ETH late 2020 but then fell to establish support at 0.002651 ETH.

The price action from its current level of 0.007330 ETH showed potential to break above its current ask value at 0.007349 ETH.

That might push LINK/ETH toward 0.010000 before reaching 0.015000 as the RWA/Oracle cycle mania builds momentum.

Most RWA protocols are built on Chainlink, and institutions like DTCC and major US banks are also developing on the network.

LINK/ETH daily chart | Source: Trading View

A drop below 0.002651 would negate this scenario, leading to price potential at 0.001000.

The double bottom structure at 0.002651 points to a potential rising momentum which could start at 0.007000.

This Chainlink valuation against Ethereum may fall back to 0.005000 if traders cannot sustain 0.007349 levels before any price recovery occurs.

Hashdex Nasdaq Crypto Index US ETF to Add Chainlink (LINK)

The Hashdex Nasdaq Crypto Index US ETF will add Chainlink’s LINK token which will become one of its five largest holdings following BTC, ETH, SOL and XRP.

The ETF started its operations with the approval of the SEC while tracking Bitcoin and Ethereum with a $70 Million fund base at a fee rate of 0.25%, which increased to 0.50% during post-2025.

The update of the index adds SOL, XRP, ADA, LINK, AVAX, LTC, and UNI along with expanded criteria for cryptocurrency access.

Composition of Hashdex Nasdaq Crypto Index US ETF | Source: X

The addition of Chiankink to the ETF indicates its practical value for Oracle services. This matches Hashdex’s emphasis on investing in innovative assets.

The rebalancing approach, along with the eligibility requirements of the ETF, promote liquidity and accurate market representation. That can drive the Chainlink (LINK) value upwards.

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