Sharing his latest outlook, CRYPTOWZRD revealed that Chainlink closed indecisively, suggesting the market is still weighing its next move. According to the expert, a healthy bullish breakout above the $16 resistance is needed to trigger a rally. He added that he will continue to follow the intraday chart development tomorrow to spot the next scalp opportunity. LINKBTC Needs A Bullish Push To Unlock Momentum In the post, CRYPTOWZRD highlighted that the daily candles for both Chainlink and LINKBTC closed indecisively today, suggesting a temporary pause in momentum. While no strong push was recorded, the market remains on edge, awaiting a clear move, particularly from LINKBTC to confirm the next direction. Related Reading: Chainlink Holders Set Record As 1-Yr MVRV Signals ‘Opportunity’ He emphasized the importance of seeing more positive price action from LINKBTC. A bullish rally in the BTC pair could lay the foundation for a strong upside move in LINK itself. As the correlation between LINK and LINKBTC remains key, traders should keep a close eye on that pairing for early signals. Looking ahead, CRYPTOWZRD expects Chainlink to challenge the $16 daily resistance level. This price zone has become a critical threshold that, if breached, could trigger a more powerful impulsive move. A weakening Bitcoin dominance will also play a role in the scenario, potentially freeing up capital to rotate into altcoins like LINK. Should LINK break above the $16 resistance convincingly, CRYPTOWZRD anticipates a continued rally that may extend toward the $30 resistance area or even higher. The path toward this ambitious target would require sustained bullish sentiment and a supportive broader market environment. The analyst noted that his focus tomorrow will remain on tracking the lower time frame chart formation. This will allow him to identify potential scalp opportunities in real time, capitalizing on intraday volatility as the market defines its next major move. Waiting For Clear Market Sentiment Toward Chainlink In conclusion, the analyst highlighted that today’s intraday chart displayed a fair amount of volatility, signaling uncertainty in the short-term direction. Despite the turbulence, key levels continue to shape the outlook for Chainlink. Related Reading: Chainlink Bullish Signal Stands Firm, But Bitcoin Is Calling The Shots He emphasized that maintaining strength above the $15.85 intraday resistance target would be a positive development. It is likely to pave the way for the next leg up, with the $16.84 resistance target acting as the next area of interest for bulls. However, if price action slips further, the market may head toward the $14.40 support target. Given the current conditions, the analyst stressed the importance of waiting for market sentiment to mature before committing to new trades. Featured image from Freepik, chart from Tradingview.com
Sharing fresh insights on X, Crypto Analysis AI observed that Chainlink is maintaining its upward trajectory, but not without signs of fading strength, identifying $14.20 as a key level to watch. Holding above this level could preserve the bullish structure, while a breakdown might trigger a deeper pullback. Mixed Signals In Focus: Chainlink Short-Term Strength Vs. Medium-Term Caution According to Crypto Analysis AI, LINK/USDT is currently showing mixed signals, with a slight bullish bias in the short term but potential consolidation or pullback risks in the medium term. The 1H timeframe shows more buy signals, while the 4H timeframe indicates weakening momentum after a strong uptrend. Related Reading: Chainlink Consolidates Above Key Support – Bulls Eye $20 Range In the 1H timeframe, the following bullish signals are active: ADX (35.47, strong trend), EMA (EMA9 > EMA20), KDJ (buy), ICHIMOKU (buy), and TRIX (buy). At the same time, several indicators are flashing bearish signals, including MACD (histogram negative), PSAR (sell), and Keltner Channels (sell). Some metrics remain neutral, with RSI at 57.60 (not overbought) and OBV showing neutral. For the 4H timeframe, bullish signals include ADX (34.17, strong trend), MACD (positive histogram), and Supertrend (buy). However, KDJ (sell), SMI (sell), and Schaff Trend Cycle (overbought) are signaling possible weakness. RSI at 66.94 (nearing overbought) and neutral OBV further support a cautious medium-term view, which increases the risk of a pullback. Key Observations from Crypto Analysis AI note that short-term momentum favors bulls. However, medium-term indicators suggest exhaustion, pointing to the 4H RSI reading. Fluctuations And Consolidation Signal Caution Crypto Analysis AI reports that the current trend for Chainlink remains an uptrend, but is slowing. Looking at recent price action, Crypto Analysis AI observed that on the 1H timeframe, LINK fluctuated between $14.25 and $14.48, closing at $14.34. Related Reading: Chainlink (LINK) On Standby: Bitcoin’s Next Move Holds The Key Meanwhile, on the 4H chart, there was a strong rally from $13.50 to $14.49, which is now consolidating near $14.30 and $14.40. The analyst also mentioned that volume is declining in the recent 1H candles, which suggests weakening momentum. Crypto Analysis AI identified the following key resistance levels: $14.48 (recent high) and $14.65 (upper Bollinger Band, 1H). In terms of key support, he pointed out $14.20 (recent swing low, 4H), followed by $13.90-$14.00 (psychological support, 4H EMA20) and $13.50 (strong support, previous breakout zone). Outlining potential bullish scenarios, Crypto Analysis AI explained that if LINK holds above $14.20, it could retest $14.48 and $14.65. In a bearish scenario, a break below $14.20 may lead to a deeper correction toward $13.90-$14.00. Meanwhile, for a neutral scenario, Chainlink may continue to consolidate between $14.20 and $14.48 before the next directional move. Finally, Crypto Analysis AI flagged several cautionary signals: 4H RSI near 67 could trigger profit-taking while the MACD histogram is declining despite higher highs. Furthermore, there is lower volume on recent up moves, suggesting weakening demand. Featured image from Shutterstock, chart from Tradingview.com
The Chainlink price has impressed at times this year, but it has struggled to mount a sustained bullish run over the past few months. Most recently, the altcoin demonstrated a strong resurgence by moving from around $13 to just beneath $16 in the first half of June. However, the Chainlink price soon suffered a severe downturn, reaching as low as $11.2 by June 22. While the price of the LINK token has recovered above the $13 level, below are two of the critical levels investors should watch out for over the coming weeks. If Resistance Is At $15, Where Is LINK’s Next Support? In a recent post on the social media platform X, prominent crypto analyst Ali Martinez shared an interesting on-chain insight into the current setup of the Chainlink price. According to the market pundit, the altcoin could be approaching a critical resistance level around the $15 region. Related Reading: Whales Are Loading Up on Chainlink (LINK), But Retail Investors Are Still Missing the Signal This on-chain revelation is based on the average cost basis of several LINK investors. For context, cost-basis analysis examines a level’s capacity to function as support or resistance based on the volume of tokens last acquired by investors in the price region. As depicted in the chart above, the size of the dot represents the amount of LINK tokens purchased within each price region and its corresponding strength. The bigger the dot, the larger the volume of purchased tokens, and the stronger the support or resistance. It is worth noting that the green dots are the support levels, as they are below the current price, while the red dots refer to resistance, as they are above the current price. According to data highlighted by Martinez, the Chainlink price faces a major supply barrier around the $14.88 – $15.32 region, where 10,440 addresses bought 89.63 million LINK tokens (equivalent $1.36 billion at an average price of $15.12). This region could prove to be a resistance to price, as investors with their cost basis around the level would likely sell as soon as they break even, thereby putting downward pressure on the LINK price. Furthermore, IntoTheBlock data shows that the Chainlink price could find significant support around the $12.87 – $13.26 bracket, where 20,260 investors acquired 53.91 million LINK tokens at an average price of $13.05. The rationale behind this is that, when LINK’s price returns to around $12.8, investors with their cost basis in and around this level are likely to defend their position by purchasing more coins, ensuring the altcoin stays above the support area. Chainlink Price At A Glance As of this writing, the LINK token is valued at around $13.16, reflecting an almost 4% price decline in the past 24 hours. Related Reading: Ethereum Price Targets $3,000 As Analyst Calls It A ‘Powder Keg’ Featured image from Waratah Fencing, chart from TradingView
Chainlink (LINK) is trading at $13.36, following a 3% drop in the past 24 hours, which places the altcoin approximately 74% below its all-time high of $52.70, recorded in May. Despite this short-term dip, LINK has held onto weekly gains of around 2.4%, suggesting broader market participants may still be weighing its long-term potential. While price remains rangebound, recent on-chain data indicates that LINK’s price action could be the result of diverging behavior between retail and institutional investors. Related Reading: Chainlink (LINK) On Standby: Bitcoin’s Next Move Holds The Key Chainlink Institutional Accumulation and Supply Pressure CryptoQuant contributor “Banker” highlighted a growing structural dynamic in the LINK ecosystem in a recent QuickTake analysis titled “LINK’s Accumulation Standoff: Whales Build, Retail Waits.” The report outlines how LINK is currently in a consolidation phase between $12 and $15, where institutional actors have been steadily accumulating tokens, while retail users remain largely passive. This discrepancy may be playing a key role in capping upward momentum despite persistent LINK outflows from centralized exchanges. According to Banker, exchange netflows for LINK have remained negative at roughly -100,000 LINK per week, signaling that more tokens are being withdrawn from trading platforms than deposited. This behavior is typically associated with accumulation activity, particularly from larger holders or “whales” who may be positioning for longer-term appreciation. Historical spikes in retail deposits, such as the +5 million LINK deposited in March 2025, have proven to be exceptions rather than the norm, as retail activity has since remained subdued. Supporting this view, active LINK addresses have hovered consistently between 28,000 and 32,000 per day, while transaction counts average around 9,000 daily. These figures have not rebounded from previous activity peaks seen in late 2024, even as Chainlink’s oracle usage has expanded. Meanwhile, elevated levels of exchange withdrawals, peaking at over 3,000 per day in Q4 2024, remain a dominant force. With leverage metrics staying neutral, whales have been able to withdraw LINK without introducing significant price volatility, resulting in a 40% year-to-date drop in exchange reserves. Market Outlook Hinges on Retail Reentry or Whale Fatigue As LINK’s consolidation persists, the path forward may depend on a shift in market dynamics. Banker points out that a meaningful breakout will likely require renewed participation from retail traders, as evidenced by a spike in active wallet addresses and transaction volume. Related Reading: Chainlink Holders Set Record As 1-Yr MVRV Signals ‘Opportunity’ If these metrics rise and price breaks above the $15 price mark, momentum could build for a stronger upward trend. On the other hand, a decline in whale-driven withdrawals or an increase in exchange inflows could weaken accumulation, potentially pushing LINK back down toward the $10 level. Banker added: Until catalysts emerge, whales silently build positions, echoing Bitcoin’s 2023 consolidation before its 2024 surge. Featured image created with DALL-E, Chart from TradingView
Chainlink (LINK) has been locked in a consolidation phase since early March, following a prolonged period of bearish price action that began to lose momentum. Since then, the token has ranged sideways with notable volatility, reflecting broader uncertainty across the altcoin market. However, as Bitcoin pushes toward its all-time high and market sentiment turns increasingly bullish, analysts believe a decisive move from LINK may be imminent. Related Reading: Litecoin Surges Past Descending Resistance – Bulls Target $97.10 Level Top analyst Ali Martinez shared insights pointing to a key support level that could determine Chainlink’s short-term trajectory. According to Martinez, LINK holding above the $12 mark is crucial and could serve as the launchpad for a breakout toward the $18–$20 range. This level has acted as a major pivot in the past, and reclaiming it with strength would likely attract fresh buying pressure. With Bitcoin dominance remaining high and capital rotating selectively into altcoins, Chainlink’s upcoming moves could signal a higher altcoin market direction. Investors and traders are closely watching this consolidation, waiting for a breakout that could kickstart the next leg higher for LINK and potentially confirm the beginning of a stronger altcoin cycle. The coming days could be critical in determining whether Chainlink is ready to rejoin the uptrend. Chainlink Builds Momentum Chainlink has seen a strong resurgence over the past two weeks, gaining more than 22% in value since June 22. After months of consolidation and sideways action, the recent price movement suggests that bullish momentum is returning to the altcoin. The broader market environment is improving, with Bitcoin nearing its all-time high and risk appetite gradually increasing across crypto assets. For Chainlink, this has translated into renewed optimism and a growing expectation of a breakout. Fundamentally, Chainlink remains one of the most important infrastructure projects in the crypto space. Its partnerships with high-profile projects such as Ripple and Ondo Finance highlight its crucial role in powering real-world asset tokenization and secure on-chain data feeds. These integrations support long-term utility and demand, reinforcing investor confidence in the project’s future. Ali Martinez emphasized that holding above the $12 level is key for Chainlink. According to his analysis, sustained price action above this zone could pave the way for a breakout toward the $18–$20 range. Historically, LINK has shown strong impulsive moves after breaking major consolidation zones, and the current structure appears similar. Related Reading: Ethereum Looks Strong Despite Volatility – $10,000 Price Target Gains Momentum LINK Consolidates Below Resistance Chainlink is currently trading at $13.32 after facing a minor rejection from the $14 zone. The chart shows that LINK remains in a consolidation range that began in early March, with price action confined between the $12.20 and $14.50 levels. The token has made multiple attempts to reclaim the 50-day and 100-day moving averages, both of which now sit just above the current price action. These moving averages, along with horizontal resistance around $14, are acting as a strong ceiling for now. Despite the recent pullback, LINK remains structurally bullish on the mid-term as it prints higher lows since the June bottom near $11. Analysts remain optimistic that a decisive close above $14–$14.50 would invalidate this range and pave the way for a push toward the $16–$18 zone. Related Reading: Tron DeFi Activity Expands: SunSwap Hits $3B+ Monthly Swaps In 2025 The 200-day moving average near $16.77 remains a key target in the event of a breakout. However, failure to reclaim $14 could lead to another test of support around $12. Overall, the setup remains constructive but will require renewed bullish momentum—possibly led by Bitcoin strength or positive ecosystem news—for a breakout confirmation. Until then, LINK continues to oscillate in a tight range, with bulls watching closely. Featured image from Dall-E, chart from TradingView
Chainlink (LINK) ended its latest session in a holding pattern, with indecisive candles and choppy intraday action pointing to a lack of clear direction. Traders now look to Bitcoin’s next move for guidance; any meaningful shift in BTC dominance could quickly tilt LINK’s price action. Until the market leader shows its hand, LINK remains on standby, hovering near key support while waiting for a decisive cue. Falling Wedge Holds The Key To Chainlink Next Big Move In a recent X post, CRYPTOWZRD provided an update on Chainlink’s daily technical outlook, noting that the daily candles for both LINK and LINKBTC closed indecisively. This indecision reflects uncertainty in the market as traders await clearer direction. The lack of a strong trend suggests a pause before the next significant move. Related Reading: Chainlink Bears Push Toward $12.50 As Weekend Volatility Looms The analyst highlighted that LINKBTC is currently forming a falling wedge pattern, which is generally considered a bullish formation, especially when it appears in oversold conditions. He stressed that a breakout from this wedge is essential for Chainlink to trigger the next impulsive move upward, signaling a potential shift in momentum. CRYPTOWZRD explained that this breakout is more likely to occur once Bitcoin dominance begins to decline. As Bitcoin’s grip loosens, altcoins like LINK tend to gain strength and follow suit. Therefore, monitoring Bitcoin dominance will be key in anticipating LINK’s next move. Regarding support levels, CRYPTOWZRD identified $12.50 as the critical next support target. A strong reversal from this point could ignite a rally toward the $16 resistance level or higher. This level will serve as a crucial testing ground for bullish momentum. He concluded by mentioning that his focus remains on lower-timeframe charts to identify quick scalp opportunities. While the broader trend is developing, CRYPTOWZRD is looking to capitalize on shorter-term movements, keeping a close eye on price action and volatility. Choppy Intraday Action Keeps Bulls Cautious Wrapping up the analysis, the analyst highlighted that LINK’s intraday chart remained sluggish and choppy, offering little in terms of clear directional bias. A possible retest of the $12.85 support level—or even a minor dip below it—could still present a bullish reversal opportunity, potentially paving the way for a push toward the $14.40 resistance target. Related Reading: Chainlink Holders Set Record As 1-Yr MVRV Signals ‘Opportunity’ However, the analyst warned that if Chainlink holds below the $12.85 level, it could slip into prolonged sideways movement. This uncertain behavior will likely hinge on Bitcoin’s overall market direction, which continues to heavily influence altcoin performance. With no clear trade setup currently in play, the analyst concluded that it’s best to remain patient for a cleaner structure to emerge before making any decisive moves. Featured image from Adobe Stock, chart from Tradingview.com
On-chain data shows new investors have been coming into Chainlink (LINK) as the MVRV Ratio signals a potential long-term opportunity for the asset. Chainlink Has Seen Its Total Holder Count Reach A New High In a new post on X, the analytics firm Santiment has discussed about the latest trend in the Total Amount of Holders metric for Chainlink. This indicator measures, as its name suggests, the total number of addresses on the LINK network that are carrying some non-zero balance. Related Reading: Tron’s 374% Profit-Taking Spree Uncovered—Here’s Who Was Behind It Below is the chart shared by Santiment that shows how the value of the metric has changed during the past year. As displayed in the graph, the Total Amount of Holders observed an inflection point earlier this year and has since been climbing up at a notable rate. This suggests that new non-empty wallets are popping up on the network. This kind of trend can arise due to a number of reasons. Fresh investors coming into the space or old ones who sold before making a return naturally contribute to an increase in the indicator. Another factor could be existing users creating new wallets to distribute their holdings or for privacy purposes. In general, all of these could be assumed to be occurring simultaneously to a degree whenever the Total Amount of Holders goes up. As such, the recent uptrend in the metric could indicate that some net adoption (that is, the influx of new investors) has steadily been taking place for Chainlink. Over the past month, 7,903 new non-zero balance addresses have joined the chain, bringing the Total Amount of Holders to a fresh all-time high (ATH) of 769,380. In the same chart, the analytics firm has also attached the data of another indicator: the Market Value to Realized Value (MVRV) Ratio. This metric basically compares how the value held by the BTC investors (the market cap) compares against the value put in by them (the realized cap). In other words, the indicator tells us about the profit-loss balance of the holders. Here, the version of the MVRV Ratio that’s relevant is the 365-day version, capturing the situation of the investors who bought their coins within the past year. Related Reading: Crypto Bears Rekt: $359M Gone As Bitcoin, Ethereum Rebound From the graph, it’s visible that the 1-year MVRV Ratio of Chainlink is currently sitting at a negative 17.3%, an indication that these traders are, on average, holding a loss of 17.3%. Generally, however, investors being underwater isn’t actually a bad thing for the cryptocurrency. This is because holders in profit are the ones more likely to participate in selling. As such, Santiment notes that the trend in the 365-day MVRV Ratio could suggest the asset’s “long-term investing timeframe is in an opportunity zone.” LINK Price At the time of writing, Chainlink is trading around $13.15, up more than 2% in the last seven days. Featured image from Dall-E, Santiment.net, chart from TradingView.com
Chainlink (LINK) is up 21% from its Sunday lows, gaining momentum in an otherwise uncertain macro and geopolitical environment. While global tensions continue to spark volatility across markets, Chainlink has stood out for its resilience, supported by a series of strong partnerships and growing on-chain fundamentals. The recent price action signals a potential shift in trend, but analysts warn that a confirmed breakout is still needed before bulls can fully take over. Related Reading: Bitcoin Buy-Side Pressure Surges: Taker Buy Volume Spikes Sharply Top analyst Henry Lord of Alts highlighted that LINK has endured months of persistent downtrend and unusually quiet price behavior. However, recent moves suggest that something is changing beneath the surface. Volume is increasing, volatility is picking up, and LINK is forming a base structure that could mark the end of its accumulation phase. Despite this strength, Chainlink remains technically locked within a consolidation range. A clean breakout above key resistance levels will be critical to trigger the next phase of upward momentum. Until then, traders are cautiously optimistic as LINK teases a larger move. Chainlink Prepares For A Decisive Move Chainlink is currently trading over 25% below its May high, reflecting the broader market impact of rising macroeconomic uncertainty and geopolitical tensions, especially the recent Middle East conflicts. Despite these pressures, LINK has managed to hold within a steady consolidation range, signaling resilience as the crypto market awaits its next decisive move. Maintaining prices above current levels is crucial. A breakdown here could open the door for deeper corrections. However, analyst Henry believes the tides may be turning. According to Henry, Chainlink has endured months of downtrend and silence, but a structural shift is now underway. His analysis highlights that the long-standing downtrend has been broken, and LINK has entered a clear accumulation and consolidation phase. “These zones often come before the loudest moves,” Henry notes. Historically, such phases have preceded explosive rallies, and this time may be no different. If momentum picks up, a breakout toward the $25–$30 range wouldn’t be surprising. Henry also points out that periods of inactivity often mask the actions of smart money—buying quietly before the broader market catches on. While it’s easy to overlook assets during calm phases, that’s often when the groundwork for major moves is laid. For now, Chainlink remains on watch. Related Reading: Ethereum Whale Loads Up: $422M In ETH Bought In Under a Month LINK Price Analysis: Signs of Reversal Emerge Chainlink is showing early signs of a trend reversal after months of consistent decline. As seen in the 12-hour chart, LINK recently rebounded from the $11.50 level and is now trading above $13.20. This recovery follows a steep drop that marked a new local low, but the bounce has pushed the price above the 50-day simple moving average (SMA), now acting as short-term support at $13.50. Importantly, LINK is now testing the 100-day SMA (around $14.65), which previously served as resistance in late May and early June. If bulls manage to break and consolidate above this level, the next target lies near the 200-day SMA at $14.16—a confluence zone that may act as a critical decision point for trend continuation or rejection. Related Reading: Ethereum Holds Critical Support – $2,350 Level Could Define The Next Move While the macro structure remains bearish, this short-term accumulation range suggests growing demand, especially as the price begins to form higher lows. A clear break above $14.65 with volume could confirm the breakout and signal the start of a larger move toward the $17–$18 range. Featured image from Dall-E, chart from TradingView
LINK momentum indicators suggest continued bullish sentiment with potential for further upside.
Chainlink has announced a new partnership with Mastercard to make crypto purchases easier and more secure for mainstream users, according to a July 24 statement. The collaboration will allow over 3 billion Mastercard cardholders worldwide to buy digital assets directly on-chain using fiat. This marks a significant step forward in integrating traditional finance with blockchain […]
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The partnership is part of Mastercard's expanding efforts in the cryptocurrency space, following recent collaborations with Moonpay and Kraken.
According to an analysis posted on X by CRYPTOWZRD, Chainlink has closed the session with a bearish tone and is now testing the key $12.50 support level. With reduced weekend liquidity expected, price action is likely to remain choppy, making it essential to closely monitor intraday volatility. A clearer setup could take time to develop, but this zone may offer early clues about the token’s next move. Oversold Pressure Builds: Is LINKBTC Ready To Rebound? In his expanded commentary, CRYPTOWZRD underscored that both the LINKUSDT and LINKBTC daily candles closed firmly bearish, mirroring Bitcoin’s broader pullback and highlighting the altcoin market’s continued sensitivity to BTC’s moves. He emphasized that this pattern underscores the need for healthier bullish candles to emerge before a sustainable recovery can take hold. Related Reading: Chainlink Bullish Signal Stands Firm, But Bitcoin Is Calling The Shots CRYPTOWZRD stated that LINKBTC sits in extremely oversold territory, suggesting that a positive reversal is statistically likely. Should a bounce materialize, he expects it to ignite a sharp upside spike in LINK, effectively flipping sentiment from bearish to bullish in short order. Turning to absolute price structure, CRYPTOWZRD noted that Chainlink is currently trading right at the $12.50 daily support target, a zone he considers pivotal. A decisive bullish reversal from this level, he argues, is essential to trigger an impulsive upside move and reestablish upward momentum. If buyers can reclaim control, CRYPTOWZRD identifies $16 as the next critical resistance, followed by a more substantial barrier at $19.50. Clearing these levels would signal that the tide has truly shifted, paving the way for a broader trend change rather than a short‑lived bounce. Despite this bullish roadmap, CRYPTOWZRD cautioned that Bitcoin’s weekend price action will remain a major influence on Chainlink, especially given the expected drop in liquidity. As a result, he plans to focus on lower‑time‑frame charts in the coming sessions, seeking quick scalp opportunities while waiting for clearer confirmation of direction. Chainlink Intraday Setup Builds Around $12.85 Decision Point Assessing the immediate outlook, the analyst notes that LINK’s intraday chart remains bearish and noticeably volatile, underscoring the market’s current uncertainty. Price action has been chopping around key levels, making any clear direction difficult to trust without firm confirmation. Related Reading: Chainlink Holds Strong At $15.29 Support – Is A New Breakout Imminent? On the bullish side, the analyst points out that a decisive breakout and sustained hold above the $12.85 intraday resistance could flip sentiment. If buyers manage to establish support above this line, the setup would present a compelling long opportunity with an initial upside target near $14.40, where the next significant resistance resides. Conversely, the analyst warns that a failed attempt to hold $12.85—marked by a retest and subsequent decline- would favor the bears. Such rejection would create potential short setups, as renewed selling pressure could drag the price lower, especially if broader market conditions stay cautious. Featured image from Freepik, chart from Tradingview.com
Chainlink is set to play a major role as Hong Kong’s central bank takes a big step in its digital currency tests. Phase two of the e-HKD pilot will try moving tokenized Hong Kong dollars across borders. The plan is to swap e-HKD for A$DC, an Australian dollar stablecoin. This could cut settlement times from days to seconds. It may also show how central banks can work together with blockchain technology. Related Reading: Relentless Bitcoin Accumulation: Strategy Snaps Up 1,045 More BTC Hong Kong And Australia Test Digital Cash According to reports, the project will use Chainlink’s Cross-Chain Interoperability Protocol, or CCIP, to handle transfers. The goal is simple. Move money in real time and make sure both sides get what they expect. Phase two kicks off with Hong Kong authorities and their counterparts in Australia. They will swap e-HKD for A$DC and aim for instant settlement. Based on reports, this setup could serve as a model for other central banks. We’re excited to share that Chainlink is facilitating the secure exchange of a Hong Kong CBDC and an Australian dollar stablecoin as part of an ongoing use case in Phase 2 of the e-HKD+ Pilot Program. Congratulations to participants @Visa, ANZ, China AMC, and Fidelity… pic.twitter.com/ts2C6Vt4Ul — Chainlink (@chainlink) June 9, 2025 Chainlink Tools In Use Chainlink is not just a name in the mix. It brings two big pieces of tech to the table. CCIP handles the cross-chain messages, acting like a bridge between different blockchains. The Digital Transfer Agent, or DTA, deals with compliance. It keeps track of who owns what token and makes sure rules in different countries are met. In May, World Liberty Financial tapped Chainlink for cross-chain stablecoin transfers covering USD1. That earlier deal hinted at what’s possible this time around. Big Names Join The Pilot Visa and ANZ are helping with payment processing for e-HKD and A$DC. Asset managers Fidelity International and ChinaAMC will also take part. Their job is to manage the tokenized funds on both sides. This mix of banks, asset managers and tech firms shows the project is more than a small test. It has real money and real risks involved. Reports disclosed that those risks are managed by a Payment-versus-Payment model. This means funds are only released when both sides confirm they have received the other asset. Related Reading: Elon Musk ‘Will Do Anything’ To Make XRP King, Tech Mogul Says Market Moves And Reactions LINK, the token for Chainlink, jumped by 6% after news of the pilot broke. It now trades at $14.70. That rise follows a wider market rally driven by hopes that Bitcoin may hit $110,000 before the week’s end. According to market data, crypto traders often chase big targets. Short-term gains can be tempting. But they can also lead to quick sell-offs if the main story fades. Despite the rally, Bitcoin still tracks the equity swings rather closely. There is a mix of bulls and bears in futures data that suggests some people are not yet convinced this run will last. High volatility can shake out weaker hands at the first sign of trouble. A sudden change in risk sentiment or a fresh macro shock can quickly reverse gains. Featured image from Imagen, chart from TradingView
Oracle network Chainlink's native token shows resilience with strong demand stepping in at key support levels.
CRYPTOWZRD noted in a recent update on X that Chainlink ended the session with a bullish close, hinting at potential further gains ahead. However, the analyst emphasized that Bitcoin will ultimately dictate the move. Keeping a close eye on the intraday chart, the expert mentioned that an early pullback could present a scalp opportunity, as long as Bitcoin aligns with the bullish outlook. Breakout Likely With Strong Daily Candles Breaking down his latest analysis, the trader explained that LINK’s daily candle officially closed bullish, marking a key technical point in the current trend. Meanwhile, LINKBTC ended the session on a positive note, which adds weight to the bullish outlook for LINK in the short term. Related Reading: Chainlink Struggles At Key Resistance Level – $10 Support Back In Focus However, the analyst emphasized that more bullish daily closes on LINKBTC are needed to confirm momentum. A continuation of strength could lead to an impulsive breakout above the daily candle’s lower high trendline, igniting the next leg upward. A decisive move above the 0.000140 BTC resistance zone is expected to accelerate price action for LINK, giving bulls a clear signal to push higher. If momentum continues to build, LINK could rally toward the $16 resistance level, marking a major target for the current setup. For now, $12.50 remains a key support level on the daily timeframe and will act as a cushion if bearish pressure reemerges. Looking ahead, the analyst pointed out that Bitcoin and Bitcoin Dominance will remain the primary market drivers for Chainlink heading into the weekend. While maintaining a rational outlook, CRYPTOWZRD plans to monitor LINK’s intraday chart closely for any developing setups. Awaiting Chainlink Next Trade Setup In conclusion, CRYPTOWZRD emphasized that LINK’s intraday chart is showing signs of a bullish recovery, closely aligned with Bitcoin’s recent rebound. He expressed optimism that further upside is likely if current conditions persist, particularly if Bitcoin maintains its strength. Related Reading: Chainlink Holds Strong At $15.29 Support – Is A New Breakout Imminent? Despite the encouraging signs, CRYPTOWZRD noted that a temporary bearish pullback would be both natural and healthy within the current market context. Pullbacks often reset market conditions, providing better structure for stronger continuation patterns. He believes such a retracement could offer a favorable early entry point for long positions, especially for short-term or intraday traders looking to capitalize on the volatility. As the market continues to evolve, CRYPTOWZRD advises traders to wait for clear confirmation of the next trade setup before taking action. His statement emphasized that strategic patience will be key in identifying the most rewarding opportunities. For now, traders should track price behavior closely and prepare to act swiftly when the next valid entry signal presents itself. Featured image from Adobe Stock, chart from Tradingview.com
A Chainlink price feed’s alleged malfunction led to more than $500,000 in liquidations on May 29, sparking fresh debate over the reliability of oracles in DeFi. According to reports, Chainlink’s price oracle for the deUSD stablecoin inaccurately reported its value at $1.03. The incorrect data triggered liquidations for users holding deUSD-denominated debt on Avalanche’s Euler […]
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Chainlink’s token, LINK, has barely budged this month. It sits in 13th place by market cap after picking up just 3.8% since May 1. Its price hovers under $12 at times, though some reports put it near $16 when markets last ticked. That mixed picture raises questions about whether LINK can keep its spot. Related Reading: XRP ETF At 83% Approval Odds—Is The SEC Losing Grip? Cross-Chain Push Comes To Solana According to published updates, Chainlink rolled out its Cross-Chain Interoperability Protocol on Solana on May 19, 2025. This feature aims to let developers tap into over $18 billion in assets across chains. The upgrade is meant to help Solana’s DeFi world link up with Ethereum, Polygon, Avalanche and others. It shows Chainlink’s team isn’t waiting around for the price to climb. ⬡ Chainlink Adoption Update ⬡ There were 16 integrations of the Chainlink standard across 6 services and 16 different chains: Arbitrum, Avalanche, Base, Bitlayer, BNB Chain, Celo, Ethereum, opBNB, Optimism, Polygon, Ronin, Rootstock, Scroll, Solana, Sonic, and ZKsync. New… pic.twitter.com/j3cnAnc3UC — Chainlink (@chainlink) May 25, 2025 New Integrations Add Momentum Based on reports from the Chainlink team, there have been 16 fresh integrations of its standards. Those span six service types and include support on Arbitrum, Avalanche, Base, BNB Chain, Ethereum, Polygon, Solana and ZKsync. Developer activity is on the rise. But that growth hasn’t sparked big moves in the LINK market yet. A $10.4 billion market cap still feels sturdy. Yet the token’s flat performance puts pressure on its ranking. Resistance Zones Shape Outlook Traders eye key hurdles on the LINK/USDT chart. First up is a wall at $20, a level where sellers have stepped in before. A push past that could send LINK toward a $25–$26 area. Beyond lies a mid-term target of $28–$30, matching late-2024 highs. Volume spikes in April did trigger a 14% climb, pointing to possible repeat action. But bears still have a say. The MACD line sits under its trigger line, though the gap is narrow. Histogram bars are flat, hinting that selling force might be fading. A crossover could spark fresh buying. $LINK‘s downtrend channel is about to break out. This rise is likely to proceed smoothly to the $36.5 level, where there is a selling wall. pic.twitter.com/CaN2agtchk — CW (@CW8900) May 26, 2025 Breakout Signs Meanwhile, LINK is showing signs of breaking out of its downtrend channel, sparking bullish momentum among traders. Analysts note that a clean breakout could push LINK toward the $36.5 level, where a major selling wall sits. The move follows increased developer activity and Chainlink’s CCIP launch on Solana. If buyers hold momentum, LINK may rally smoothly—but the $36.5 resistance could test the strength of this breakout. Flat Forecasts Keep Hopes Modest Technical indicators are mixed. LINK’s one-month forecast shows a 0.61% gain by June 26, 2025, landing it around $15.64. That outlook comes with a “Neutral” reading on market sentiment. Source: CFGI The Fear & Greed Index sits at 60, a sign of Greed. In the past 30 days, LINK had 12 green days out of 30 and saw 6.40% volatility. All that points to modest moves rather than wild swings. What Comes Next For LINK Chainlink’s core goal remains the same: power a decentralized oracle network that feeds real-world data into blockchains. Those efforts matter for projects that need price feeds, random numbers or cross-chain messages. Related Reading: Dogecoin Breakout Incoming? $3 Target On The Horizon—Analyst If a big DeFi protocol adopts CCIP or a major hack bounty gets paid out, LINK could see fresh demand. Until then, the token may drift. Watch the price near $11 and $20. Featured image from Unsplash, chart from TradingView
LINK shows strong bullish momentum as $66M exits exchanges in 2 weeks. Analysts expect continued gains as DeFi adoption and investor accumulation grow.
Chainlink (LINK) is showing renewed strength as its price moves higher within a well-defined rising channel pattern. After a period of consolidation, LINK has entered a rally mode, forming the channel, a classic signal of sustained upward movement. This technical setup suggests that the bulls are firmly in control, and unless a major shift in sentiment occurs, the uptrend could continue in the short to mid-term. Chainlink Breaks Above 200 MA: Bullish Momentum Builds On M30 In an X post, crypto analyst Thomas Anderson highlighted that Chainlink is exhibiting notable bullish momentum on the 30-minute (M30) timeframe. According to Anderson, LINK has successfully broken above the 200-day moving average (marked in red on the chart), a significant technical milestone that often signals a shift in market sentiment. At the time of his post, LINK was trading around $15.560 and was actively forming an ascending channel, a bullish price pattern characterized by consistently higher lows and higher highs. Related Reading: Chainlink Holds Strong At $15.29 Support – Is A New Breakout Imminent? Anderson noted that the current price structure reflects sustained buying interest, with the Relative Strength Index (RSI) sitting comfortably at 64.23 just below overbought territory, indicating healthy momentum. Additionally, the MACD (Moving Average Convergence Divergence) indicator is in positive territory, further reinforcing the strength of the ongoing uptrend. However, he cautioned traders to remain vigilant as the price approaches the upper boundary of the ascending channel. This zone could act as a short-term resistance level, triggering a pullback or consolidation phase before further upside. Overall, the outlook for Chainlink on the M30 chart remains bullish. LINK Flips Bearish Structure On Daily Timeframe A crypto analyst @Whales_Crypto_Trading shared a bullish outlook on LINK, noting that the asset is currently breaking out of a descending channel on the daily timeframe. This long-standing pattern had previously kept LINK locked in a downward trajectory, but the recent price action suggests that momentum is shifting in favor of the bulls. A breakout from this structure is typically seen as a strong technical signal, indicating the potential for a significant trend reversal. Related Reading: Chainlink Flashes Daily Buy Signal – Breakout Next? According to the analyst, a complete descending channel pattern suggests that Chainlink is no longer confined in a bearish trend and may now be positioned for a substantial upside move. With market sentiment showing early signs of turning positive, the breakout could mark the beginning of a new bullish phase for LINK, supported by improved technical indicators and increasing volume. He concluded by stating that this breakout sets the stage for a massive rally, with $28 identified as the next major target. Reaching this level would represent a strong recovery and a clear signal that bulls have regained control. Featured image from Freepik, chart from Tradingview.com
Chainlink has expanded its Cross-Chain Interoperability Protocol (CCIP) to the Solana blockchain, according to a May 19 announcement. According to the statement, CCIP facilitates secure communication and data transfer between different blockchain networks. By integrating CCIP, Solana now supports Chainlink’s Cross-Chain Token (CCT) Standard, a key building block for scalable multi-chain token deployments. Solana users […]
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After weeks of consistent buying pressure and bullish sentiment, Chainlink (LINK) is now facing a critical moment. The price failed to reclaim the $18 resistance level and has since dropped more than 16%, showing signs of weakening momentum. This recent rejection has sparked concerns among investors and traders, as downside risk intensifies in the short term. Related Reading: Cardano Whale Activity Spikes – 80 Million ADA Added In 48 Hours Top crypto analyst Ali Martinez shared a technical analysis pointing to a potential retracement toward lower demand levels. According to Martinez, the recent failure to break above key resistance may trigger further selling pressure, especially if broader market conditions remain uncertain. He suggests that LINK appears to be losing its bullish structure and could be preparing to revisit lower support levels before any meaningful rebound. Chainlink’s current position highlights a shift in sentiment, as bulls struggle to hold key zones. While the broader market remains relatively stable, LINK’s inability to maintain higher levels could signal an early sign of deeper correction if volume and momentum do not pick up. With volatility returning to the altcoin space, the coming days will be decisive for Chainlink. Holding above interim supports will be key if bulls want to regain control and avoid further losses. Chainlink Struggles As Momentum Fades: Downside Risks Grow Chainlink (LINK) is showing signs of exhaustion after weeks of upward movement, now trading under mounting pressure as the market grapples with renewed volatility and global financial uncertainty. Bulls remain active, defending key demand zones and continuing to call for a breakout, but fading momentum and growing fear are starting to weigh on sentiment. The failure to breach the $18 resistance level marked a turning point. Since then, Chainlink has slipped over 16%, losing critical support zones and entering a vulnerable technical position. According to Martinez, this rejection could be the start of a deeper correction. Martinez’s analysis suggests that LINK is now poised to revisit the $10 level — a psychological and structural support that aligns with historical price behavior. The next few trading sessions will be crucial. If bulls can’t reclaim higher levels or at least stabilize price action above $14, the selling pressure could accelerate. Adding to the uncertainty is a broader lack of clarity in global markets, with investors closely watching central banks, inflation data, and geopolitical developments for guidance. While some traders are still positioning for a bounce, the current structure points to caution. Chainlink’s performance in the coming days could either confirm a local top or offer a high-risk, high-reward entry point if support holds and momentum returns. Either way, the $10–$12 range may soon be tested, and how LINK responds there will define its next major trend. Related Reading: XRP Flashes Bullish Signal – Technical Indicator Hints At Imminent Rebound LINK Faces Pullback As Buy Pressure Weakens Chainlink (LINK) is under pressure after failing to hold above the $17.50–$18 resistance zone. The daily chart shows a sharp rejection near the 200-day SMA (currently at $17.79), followed by a 16% drop that pushed LINK below the 200-day EMA ($16). This move confirms a breakdown of bullish momentum and highlights growing downside risk as traders reassess short-term expectations. Volume has picked up during the recent pullback, suggesting active profit-taking or renewed selling interest. The current support zone lies around $14.80–$15.00, a region previously tested in late April and early May. If bulls fail to hold this level, the next major support rests closer to $13.20, potentially opening the door for a deeper correction toward the $10 mark—an area cited by analyst Ali Martinez. Related Reading: Ethereum Faces Resistance Against Bitcoin – ETH/BTC Bullish Structure In Question To regain momentum, LINK must first reclaim the $16 zone and flip the 200 EMA back into support. A daily close above both the 200 EMA and SMA would shift sentiment and restore the bullish structure. Until then, traders should watch for continuation signals or further weakness, especially if broader market volatility persists. LINK is in a make-or-break phase, with the next few days likely to set the tone for its short-term trajectory. Featured image from Dall-E, chart from TradingView
Technical analyst CRYPTOWZRD shared his latest take on Chainlink (LINK)’s price action in a recent post on X, pointing out that the asset ended the day with a neutral, indecisive close. While the session lacked a clear directional push, he noted that this kind of pause often precedes a sharper move. CRYPTOWZRD plans to monitor the intraday chart tomorrow for a potential reversal setup above the $15.85 mark, which he views as the first sign of bullish intent. However, a sustained move above $16.80 would offer a more confirmed breakout and a stronger long opportunity, indicating buyers are beginning to take control. Can Chainlink Break Free From Current Stagnation? In his latest analysis, CRYPTOWZRD pointed out that LINK and LINKBTC closed today’s session indecisively, with daily candles reflecting weakness in the price action. While the lack of a clear direction is notable, both assets will need to see a surge in buying pressure from these levels in order to establish a new bullish trend. Related Reading: Chainlink Flashes Daily Buy Signal – Breakout Next? Particularly for LINKBTC, CRYPTOWZRD suggested that a potential push higher could materialize as Bitcoin dominance nears its resistance target. This rise in Bitcoin dominance could provide the necessary tailwind for LINK to gain momentum and transition into a bullish phase in tandem with broader market movement. For LINK, the $16 level has become an important support zone as a bullish reversal from this area would add impulsive price action, potentially driving Chainlink toward the $19.50 resistance target in the near term. If Chainlink breaks decisively above $19.50, CRYPTOWZRD anticipates a more substantial rally that could propel the asset towards the $30 resistance level. However, these bullish outcomes hinge on a consistent upside pressure and a healthy price structure to support the move. At this juncture, the market is waiting for the formation of the next trade setup, whether it be a strong reversal off support or a clean breakout above resistance, to provide momentum for the next significant move. Watch For Breakout Or Consolidation In conclusion, the analyst observed that today’s intraday chart was characterized by choppy and slow price action, with no clear direction established. Given the lack of momentum, the expectation is heightened volatility as the market works through these levels. However, the price needs to break decisively above the $16.80 intraday resistance level to trigger a solid long entry. Related Reading: Chainlink Just Retested Key Support – Here’s Where Price Could Be Headed Next That said, there is also the possibility that price may move sideways in the near term, consolidating within a range. If that occurs, $15.85 will act as the key intraday support target, where the market could find temporary stability before deciding its next move. With the current indecisiveness in the market, the best course of action is to wait for a well-formed chart pattern or a clear setup that provides a high-probability trade entry. Featured image from Adobe Stock, chart from Tradingview.com
The integration, initially supporting Ethereum and BNB Chain, addresses cross-chain security concerns and aims to expand USD1’s reach, the firms said.
The US Securities and Exchange Commission (SEC) has issued fresh guidance that could facilitate broader institutional use of digital assets. In a May 15 updated FAQ, the agency addressed how existing securities laws apply to broker-dealers and transfer agents involved in crypto services. Commenting on the development, SEC Commissioner Hester Peirce noted that the guidance […]
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JPMorgan has completed a groundbreaking pilot transaction that bridges traditional finance and blockchain in collaboration with Ondo Finance and Chainlink. According to a May 14 statement, the banking giant’s blockchain unit, Kinexys, successfully executed a cross-chain atomic settlement using Ondo Finance’s tokenized short-term US Treasury product, OUSG. This marks the first time Kinexys has connected its permissioned […]
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The testnet deal links JPMorgan’s Kinexys payments network to Ondo Chain using Chainlink’s cross-chain tech
Chainlink (LINK) continues to showcase resilience, holding firm within a well-established uptrend as the price consolidates near a critical support level at $15.29. This zone, which has previously acted as a launchpad for bullish momentum, is once again drawing attention as bulls defend it with determination. The current price action suggests that the market is taking a breather, potentially setting the stage for a fresh leg higher. With bullish sentiment gradually building and support holding steady, speculations are whether LINK can capitalize on this consolidation and ignite its next rally toward higher resistance zones. Why Chainlink Bulls Are Still In Control The current price action reveals that Chainlink has resumed its upward movement following a brief and healthy pullback. After testing the immediate support zone and holding firm above the $15.29 level, the bulls have stepped back in with renewed confidence. LINK’s rebound suggests that the temporary pause in momentum was likely a consolidation phase rather than a full-fledged reversal, allowing the market to reset before continuing its ascent. Related Reading: Chainlink (LINK) Targets Rebound To $19 — But Only If This Key Support Holds One of the standout bullish signals is LINK’s recent break above the 100-day Simple Moving Average (SMA). This moving average often acts as a dynamic resistance in downtrends, and a successful close above it suggests a potential trend reversal or continuation of bullish momentum. Such a move typically garners the attention of technical traders, increasing the likelihood of follow-through buying pressure. Further confirmation comes from the MACD (Moving Average Convergence Divergence) indicator, which has now made a bullish crossover and climbed above the zero line. This momentum shift reflects a strengthening buying trend and hints that LINK could be gearing up for a broader breakout. If the current setup holds, LINK may soon challenge higher resistance zones, opening the door for a sustained rally. What Could Derail The Uptrend? While Chainlink shows promising signs of continuing its uptrend, the bullish momentum is still at risk. A failure to hold above the immediate support at $15.29 could invite increased selling pressure and signal a potential shift in sentiment. If bears push the price below this level, a deeper retracement toward the next major support zones is probable. Related Reading: Chainlink Shake-Up: Investors Pull $120 Million From Exchanges Additionally, overbought signals from momentum indicators such as the RSI might suggest exhaustion among buyers if they begin to flash warning signs. A bearish crossover or weakening in the MACD could further confirm waning strength. Traders should also be cautious of broader market volatility or negative macroeconomic developments, which can weigh heavily on sentiment even for technically strong assets like LINK. Keeping an eye on volume and price reaction at key levels will be critical to assess whether the uptrend remains intact or is at risk of faltering. Featured image from Pixabay, chart from Tradingview.com
Chainlink (LINK) is currently consolidating around the $15 level, as bulls attempt to reclaim higher ground after a volatile yet promising few weeks. Despite facing stiff resistance near this zone, LINK continues to show strength amid a broader market rebound, holding steady while many other altcoins experience mixed performance. Related Reading: Ethereum Shows 4H Bearish Divergence – Can Bulls Hold $1,750? The asset is now up over 50% from its April lows, suggesting that bullish momentum is building beneath the surface. Market participants are closely watching for signs of a breakout, especially as the overall crypto market heats up and investors rotate capital back into high-potential altcoins. Adding to the optimism, top analyst Ali Martínez shared a technical chart indicating that the SuperTrend indicator has just flashed a buy signal on Chainlink’s daily chart. This indicator is often viewed as a reliable tool for identifying the start of new bullish phases or trend reversals. A confirmation of this signal could set the stage for further gains if bulls manage to clear the current resistance. As the market awaits clarity, LINK’s ability to hold its current level and potentially break higher may set the tone for its next significant move, possibly reigniting a long-awaited rally for the popular oracle protocol. Chainlink Eyes Breakout as Momentum Builds Chainlink has been range-bound between $10 and $16 since March, consolidating after a volatile start to the year. Despite the sideways action, market participants are increasingly focused on the potential for a breakout as LINK presses against its key resistance level around $16. A sustained move above this barrier could trigger a strong upside move, especially if accompanied by a broader altcoin rally. The current setup comes amid high-risk macroeconomic conditions. Global tensions continue to rise, particularly between the US and China, where escalating tariffs and trade disputes have sparked fears of a global recession. Such a backdrop adds a layer of caution to any bullish outlook, as risk assets remain vulnerable to sudden shifts in investor sentiment. Nevertheless, optimism for Chainlink has grown after Ali Martínez pointed out that the SuperTrend indicator has flashed a buy signal on LINK’s daily chart. This technical tool is often used to detect early trend reversals or sustained shifts in market direction. When it appears after a prolonged consolidation, as it has now, it can signal that bullish momentum is about to accelerate. If bulls manage to reclaim and hold levels above $16, it could confirm a trend change and potentially send LINK surging toward new 2024 highs. Still, until the price breakouts, the range remains in play—and so does the risk of another rejection. Related Reading: Solana Forms Textbook Cup And Handle Pattern – Massive Breakout Ahead? LINK Price Analysis: Key Levels Chainlink is currently trading at $15.10, gradually climbing toward the critical $16 resistance level. This zone has acted as a ceiling throughout April and May, and bulls now face a pivotal test. Reclaiming and holding above $16 would not only break the multi-week range but also set the stage for a possible breakout if momentum continues to build. The technical picture highlights the importance of the 200-day moving average (MA) and exponential moving average (EMA), both clustered in the $16–$17 range. These trend indicators have served as dynamic resistance in recent months, and a clean push above them could confirm a bullish reversal and open the path toward higher targets. However, the structure remains fragile, and failure to maintain strength could put LINK at risk of a deeper pullback. If the $14 support level breaks, selling pressure may accelerate, potentially dragging the price toward lower demand zones around $12 or even $10. Related Reading: Ethereum Reclaims Local Range Against BTC – Can Bulls Target The Range High? As the broader market heats up and speculative appetite returns, LINK’s positioning around this key resistance will likely determine its short-term trend. A decisive move in either direction could shape the price action heading into the next few weeks. Featured image from Dall-E, chart from TradingView
The Chainlink price has not seen a lot of action in recent weeks, oscillating between the $12 and $13 levels since the start of April. This inactivity suggests that the altcoin is yet to recover from its uninspiring run in the first quarter of 2025. With the way the LINK price is currently set up, the altcoin does not seem likely to witness a lot of action in the short term. However, a prominent crypto analyst on X has identified important levels that could be pivotal in the future trajectory of the Chainlink price. Where Is LINK’s Next Major Resistance? Popular crypto analyst Ali Martinez took to the X platform to offer on-chain insights into the current setup of the Chainlink price. While the LINK price continues to move within the $12 – $13 consolidation range at the moment, certain on-chain levels could be critical to its long-term journey. Related Reading: Solana Price Enters Consolidation Trend Above $130 That Could End In A Breakout This analysis is based on the average cost basis of several Chainlink investors. For context, cost-basis analysis evaluates the capacity of a level to serve as support or resistance, depending on the total amount of coins last acquired by investors at that price level. As observed in the chart above, the size of the circle represents the amount of LINK tokens purchased within each price region and its corresponding strength. The bigger the dot, the higher the number of tokens, and the stronger the support or resistance; the green dots refer to support as they are beneath the current price, while the red dots refer to resistance as they are above the current price. Data from IntoTheBlock shows that the Chainlink price has key support around the $12.28 – $12.62 region, where 11,130 addresses purchased 26.55 million LINK tokens (worth $331.07 million at an average price of $12.47). This region would act as an on-chain support, as investors with their cost basis around the level would likely defend their positions by buying more tokens, thereby cushioning the LINK price. Martinez added that the altcoin faces major resistance around the $14.19 – $14.58 zone, where 20,930 investors acquired 21.19 million LINK tokens (worth $304.5 million at an average price of $14.37). Investors who bought tokens around this level are likely to sell if the Chainlink price returns around their cost basis, which would dampen the token’s bullish momentum and probably halt its upward movement. As mentioned earlier, these support and resistance levels could be pivotal to LINK’s trajectory over the next few weeks. Specifically, losing the $12.28 support could see LINK fall below $11, as there is no significant cushion beneath it. Chainlink Price At A Glance As of this writing, the price of LINK stands at around $12.58, reflecting a mere 1% jump in the past 24 hours. Related Reading: BONK Symmetrical Triangle Squeeze: Is A Mega Breakout Imminent? Featured image from Waratah Fencing, chart from TradingView
Chainlink (LINK) is showing renewed promise after a fresh retest of a crucial support level, hinting that the bulls may be gearing up for the next phase of its upward move. The recent bounce off this key support area, previously acting as a barrier, reinforces the idea that the level has now become a strong foundation. This move reinforces the strength of the support and builds the case for a potential upside run. As LINK stabilizes above this key level, eyes are now on the next resistance zones that could define the near-term direction. With momentum gradually rebuilding, the stage might be set for a breakout that could catch the broader market’s attention. Chainlink Holds Strong: Breaking Down The Critical Support Retest According to Jimmy X in a recent post on X, Chainlink has broken out of a falling wedge pattern on the daily chart, a formation often considered a bullish reversal signal. This technical development is catching attention as it hints at a possible shift in momentum after a period of downward consolidation. Related Reading: Chainlink (LINK) Targets Rebound To $19 — But Only If This Key Support Holds Jimmy noted that LINK is currently testing the upper trendline resistance of the wedge, with trading volume steadily increasing, a strong sign that buyers are stepping in with conviction. Rising volume alongside a breakout typically reinforces the validity of the move, suggesting that this isn’t just a short-lived spike but possibly the beginning of a more sustained upward trend. He further emphasizes that a confirmed breakout followed by a successful retest of the previous resistance as support could trigger a parabolic move for Chainlink. This bullish setup, often seen as a launchpad for accelerated rallies, places LINK on track to target multiple upside levels. Key resistance points include $15.40 and $17.50, which have historically served as barriers during past price surges. Beyond these are the $20.00, $23.80, and $26.50 price levels. With technical indicators aligning and sentiment shifting, a sustained move above the breakout zone may set the stage for an extended rally. Downside Potentials While Chainlink’s recent retest of support shows bullish promise, it’s crucial to acknowledge the downside risks in case momentum weakens. If the price fails to maintain its current structure, the first level of support lies around $12.50. This level has previously served as a strong demand area, and a breakdown below it might signal the start of a deeper correction. Related Reading: Support Or Resistance? Chainlink (LINK) Investor Data Suggests Key Price Zones Further down, the $11.10 level becomes the next critical point. This area marks a prior consolidation zone and aligns with the lower trendline of the broader ascending channel, making it a vital structure for bulls to defend. A breach below this could open the door for a retest of the psychological $9.28 level, where the market may once again attempt to establish a firm base. Featured image from YouTube, chart from Tradingview.com