Chainlink Price Set to Rally to $20 After SEC Approves Bitwise Spot ETF: Here’s Why

Chainlink price is trading above $13 after gaining 12% over the past week. The rally follows the U.S. SEC’s approval of Bitwise’s spot Chainlink ETF. Analysts now expect a breakout above $20, especially if bullish momentum sustains.

In the meantime, the Bitcoin price is hovering at around $92,000, and Ethereum is above $3,200. Chainlink is among the biggest gainers of the week as the LINK price recovery has provoked new investor interest in the altcoins.

The momentum may gain even more when the ETF listing attracts institutional flows to the Chainlink ecosystem.

LINK Price Poised for Gains as Bitwise ETF Gets SEC Approval

The U.S. SEC has approved Bitwise’s spot Chainlink ETF for listing on the New York Stock Exchange. This represents the first regulated investment product entry of Chainlink into U.S.equity markets.

The ETF will provide an exposure to the price of Chainlink without the need to hold tokens. Bitwise affirmed its plans to start the fund this week and provide a 0% management fee during the first three months.

The ETF is controlled by Bitwise Investment Advisers and was registered under S-1, which was registered on January 5, 2026. The authorization will increase the institutional interest in Chainlink and facilitate the wider adoption of cryptos.

Chainlink Price Targets 44% Rally to $20: Will Bulls Defend $12 Support?

The LINK price surged to $13.87 after bulls defended the $12.00 support, triggering renewed market optimism.

Chainlink price was stable at above the level of $12.00 and currently aiming at $18.00 and $20.00, according to optimistic technical forecasts.

The Moving Average Convergence Divergence (MACD) indicator ensures a positive value between signals and MACD lines. 

Despite a narrowing the blue line is still above the orange signal line, showing that it is still bullishly biased. The Chaikin Money Flow (CMF) currently is +0.10, indicating capital inflows that are steady. 

This upward sign indicates the robustness of the upward trend and indicates the belief by investors in the breakout.

The chart projects a possible 44% move from the $13.87 level to the $20.00 mark as the Chainlik price outlook for long term remains bullish. 

This projection would be made on the basis of the measured movement of the base of $12.00. The key upside targets are highlighted at the levels of resistance at 18.00 and 20.00, in case of further momentum.

Chainlink price may continue to decline as long as it breaks below $12.00 and sells off sharply. The subsequent bearish levels would be in the areas of the $10.50–$11.00 range, and it would depend on the volume and momentum indicators.