Crypto Market Round-Up

Typically, cryptocurrencies are termed as digital currencies and use blockchain technology to record every transaction. Chainlink (LINK) is a decentralized oracle network designed to deliver trustworthy, real-world data to smart contracts on the blockchain. Its native cryptocurrency, LINK, powers the network. By bridging the gap between on-chain and off-chain systems, Chainlink enhances the functionality of smart contracts self-executing programs that trigger actions based on predefined conditions. LINK has a market capitalization of ~USD 8.83 billion (as per TradingView as of January 22, 2026).

Last week, the S&P Cryptocurrency Broad Digital Market (BDM) Index started on a positive note and extended its advance by 276.73 points (approximately 5.41%), closing at 5,395.92 for the week ended January 16, 2026. However, the positive momentum weakened at the start of the new trading week on January 19, with the index showing renewed softness and a return of bearish pressure. The broader cryptocurrency market continues to face headwinds, as major assets such as Bitcoin and Ethereum remain in a consolidation phase following recent pullbacks, reinforcing cautious sentiment and highlighting ongoing near-term weakness across the digital asset landscape.

Having understood the S&P Cryptocurrency BDM Index movement over the last week and the scenario for the upcoming week, one crypto that seems ‘Bearish’ at the current level appears to be Chainlink (LINK) Perpetual Futures based on the below technical parameters: -

Past performance is not a reliable indicator of future performance.