Chainlink Jumped 12% in a Day. Can It Reach $15 by the End of October?
Chainlink surged past its competitors in a single day, but the fuel behind the rally raises serious questions about whether real buyers are driving this price or a more fragile force that could reverse just as fast.
Chainlink (CRYPTO:LINK) rose 12.2% in just 24 hours, the biggest gain among the 26 largest cryptocurrencies as of the morning of September 25, 2026. Currently trading at $13.79, Chainlink needs only a 9% boost to hit $15. For comparison, XRP (CRYPTO:XRP) rose 4%, while Bitcoin (CRYPTO:BTC) saw a mere 0.7% increase over the same period.
A 9% increase is certainly within reach, especially given Chainlink’s 16.7% rise the previous week. So, can Chainlink reach $15 by the end of October, or has this rally already outpaced potential buyers?
Chainlink Jumped 12% Two Days After Falling on Its Infosys Deal
The recent jump followed a slight downturn on September 22, when Chainlink announced a partnership with Infosys, an IT firm whose software supports approximately 1.7 billion banking accounts. The deal involves standardizing six Chainlink services that provide external data—such as prices—to blockchains. However, the announcement disappointed some investors because it didn’t name any bank partners or provide a timeline, and LINK fell 4.4% to around $12.
Nevertheless, buyer interest returned quickly, and on September 25, LINK briefly reached $14.01. It has gained about 9% year-to-date, while Bitcoin has dipped roughly 3%, Ethereum is down about 9%, and XRP has fallen by 16%.
Despite these gains, LINK is still about 34% lower than it was a year ago and remains around 74% below its peak of approximately $53 in May 2021, meaning many current holders purchased much higher than its current value.
Futures Trading Ran About Five Times Spot Buying as Chainlink Climbed
A significant portion of the recent price movement came from futures trading. On September 24, traders exchanged roughly $703 million in LINK futures compared to about $136 million in LINK bought and sold on spot markets—a ratio of about five to one.
Trading with borrowed money can amplify price movements in both directions. When LINK’s price rises, exchanges may need to close short positions—trades that profit if the price drops—by buying LINK, which can further push the price up. Conversely, if LINK falls sharply, exchanges may have to close long positions, which can drive prices down.
So while a futures-fueled rally can be powerful, it can also reverse just as quickly, especially since traders often exit after small losses.
Chainlink Funds and Large Holders Kept Buying in September
Despite the volatility, cash buyers also provided solid support. Two Chainlink exchange-traded funds (ETFs), Grayscale’s GLNK and Bitwise’s CLNK, collectively held around $182 million as of September 11, which is roughly 2.1% of Chainlink’s market value. These funds saw over $13 million in inflows during September, including four consecutive days of buying leading up to September 24.
In comparison, U.S. spot Bitcoin ETFs own about 6.3% of all Bitcoin, highlighting that while Chainlink’s funds are smaller, they are growing.
Additionally, large investors have continued to support LINK, especially during the mid-September dip when major wallets purchased about 10.4 million LINK, valued at around $120 million, over just four days after LINK fell from $13.68 on September 7 to $11.29.
Can Chainlink Reach $15 by the End of October?
Yes, Chainlink can potentially reach $15 by the end of October. This target is only about 9% above its current price of $13.79 and is less than the gains LINK has achieved in the past week. With continued ETF inflows and large-scale purchases backing the price movement, the fundamentals appear strong.
However, a key resistance point is $14, where sellers emerged on September 25, just 2% above its current price. If LINK can close above $14.01, it could pave the way to $15. Conversely, if it closes below $12.06, its low on September 23 (about 13% lower), this rally may fade, possibly pushing LINK closer to its September 16 low of about $10.60.
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Sam Daodu is a crypto analyst and the editor of 24/7 Wall St.'s Crypto Desk, where he covers Bitcoin, XRP, Ethereum, Solana and the altcoins investors search for most. His work focuses on price levels, spot ETF flows, on-chain data and the regulatory decisions that move crypto markets, written so a first-time buyer and a seasoned trader can both use it.
Sam has written about crypto professionally since 2019 and has published more than 2,000 articles. Before joining 24/7 Wall St., he wrote for crypto media outlets and Web3 companies and ghostwrote for crypto founders and token launches. His analysis is syndicated on Yahoo Finance, MSN and AOL and has been cited by other crypto news sites. He also founded MacLabs Marketing, a content and personal branding agency for crypto founders and executives.
When he isn't reading charts, Sam is usually at the gym or watching One Piece, a series he maintains has better tokenomics than most altcoins.
