Chainlink (LINK) has experienced a significant surge in its price, which analysts are attributing to the additional acquisition of World Liberty Financial (WLFI) and the rumors of a brewing partnership with Cardano. Related Reading: Trader’s Hot Take: XRP Branded The ‘Biggest Meme Coin’ In Crypto Chainlink could be off to a good start as the crypto token was able to pull off a big run that propelled the coin from its lowest level to reach over $26 per coin. Chainlink 30% Price Surge Analysts said that Chainlink has successfully positioned itself in the blockchain landscape after breaking the slump that saw the token at its lowest level this year and gaining momentum to surpass its March 2024 high of $22.87 Data showed that the crypto token’s price skyrocketed by 40% to hit $26.85 per coin. The come-from-behind rally also pushed the market capitalization to nearly $17 billion. Meanwhile, LINK was up 30% in the last seven days, data from Coingecko shows. Market observers noted that LINK’s gains to reach $26.87 have allowed the token to get over the resistance level of $22.87, which some analysts suggested the token could be moving towards a highly bullish condition. The cup and handle pattern method showed there is a high possibility that Chainlink would reach its target of $37, which an analyst explains, “The profit target for this pattern is calculated by measuring the depth of the cup and projecting the same distance upward from the breakout point.” WLFI Acquires More Tokens One of the reasons seen by crypto analysts that drive Chainlink’s price in an upward direction is the Trump-associated WLFI which bought a significant number of tokens. According to Nansen, about $4.6 million worth of LINK tokens were acquired by WLFI, bolstering their Chainlink holdings to more than $6.6 million worth of tokens. Some analysts pointed out the possibility of the US Securities and Exchange Commission (SEC) approving a Chainlink ETF if an application is submitted, noting that Trump’s crypto policy could positively affect these tokens. Moreover, data showed that WLFI holds $179 million worth of Ethereum tokens together with other assets like USD Coin, Tether, Wrapped Bitcoin, AAVE, Ethena, and Tron. It is estimated that WLFI has a portfolio that exceeds $322 million in value. Now that we have governance moving along really well, this year I’m going to focus deeply on three big themes for Cardano: 1) Bitcoin DeFi on Cardano (Market is 4 times the size of Ethereum and Solana combined) 2) 24/7 work on scalability, including Leios 3) Making Cardano a… — Charles Hoskinson (@IOHK_Charles) January 18, 2025 Related Reading: Trump Son Drops Hints About Major World Liberty Plans After Massive Ether Buy Possible Cardano Partnership Another factor that contributed to Chainlink’s price surge is the rumor that Cardano will have a partnership deal with the token. No less than the Cardano founder, Charles Hoskinson, hinted that a potential collaboration is underway, saying they are looking to build more partnerships this year. According to Hoskinson, one of his goals this year is to make Cardano “a peninsula, not an island.” “Integrations, integrations, integrations. Already got a meeting with Chainlink on the books,” the Cardano founder said in a post. Featured image from CoinFlip.tech, chart from TradingView
The Chainlink price has had a mixed performance since the turn of the new year, running up to $24 early on in 2025 before witnessing a severe pullback to below $20. However, the cryptocurrency appears to be recovering nicely, reflecting the improving market climate. According to a popular crypto analyst on the social media platform X, the Chainlink price is readying for another leg up over the next few weeks. The LINK token has mostly struggled over the weekend, but this sluggishness has barely made a dent in the altcoin’s performance in the past week. Can LINK Price Reach A New All-Time High In This Cycle? In a Jan. 18 post on X, renowned crypto pundit Ali Martinez put forward an exciting projection for the price of Chainlink over the next few weeks. Martinez took to the social media platform to explain how the Chainlink price could grow by more than 100% in the current cycle. Related Reading: XRP Breakout Alert: Expert Predicts Potential Surge To $15 After Triangle Formation This bullish prediction is based on the formation of a bullish flag on the Chainlink price chart on the four-hour timeframe. In technical analysis, the bull flag pattern is often considered a strong continuation pattern for upward price trends. The bull flag pattern is characterized by a period of almost vertical upward price movement (the flagpole), which is then followed by a consolidation period (the flag itself). In some scenarios — as seen in the chart below, the flag could be a little tilted downward. As highlighted by Martinez, the LINK price seems to be breaking out of the consolidation range of the bull flag. A successful close above the upper boundary of the flag could see the price of Chainlink move significantly to the upside. The price target from the bull flag pattern is usually calculated by measuring the length of the initial flagpole and adding to the price at the breakout level. Using this method, the potential price target from this bullish setup sits around the $50 mark. This would represent over a 100% surge for LINK from the current price point. Moreover, this potential rally could see the Chainlink token return to its all-time-high price of $52.7, which was forged in May 2021. Chainlink Price At A Glance After briefly reaching above the $25 level in the early hours of Saturday, January 18, Chainlink has now retraced to around $24. As of this writing, the LINK token is valued at $24.13, reflecting an almost 6% downturn in the past 24 hours. Nevertheless, the Chainlink price is up by about 20% in the last seven days, according to data from CoinGecko. Related Reading: Chainlink Price Shines With 40% Rally — Is $28.5 Possible? Featured image from iStock, chart from TradingView
In line with the general crypto market, Chainlink (LINK) registered a significant price gain in the last week rising by 20.41% according to data from CoinMarketCap. Interestingly, X-based market analysts More Crypto Online have rolled out a market condition critical to sustaining this price uptrend. Related Reading: Chainlink Weekly Chart Looks Promising – If Bulls Reclaim $30 ‘ATH Are Next’ Chainlink Faces Potential Correction In a recent X post, More Crypto Online shared a cautious technical analysis of the LINK market. Using the Elliott Wave Theory, these analysts have determined Chainlink must stay above $23.85 to preserve its current bullish trend. For context, the Elliott Wave Theory is a trading tool used by traders to predict market breeds based on crowd psychology and market cycles. In price prediction, the Elliott Wave Theory can often present a white scenario i.e. the optimistic bullish case and the yellow wave i.e. an alternative case most likely a correction before an uptrend continues. For the LINK market, the white scenario assumes upward movement will continue provided the asset stays over $23.85 which represents a critical support zone. Any price fall below $23.85 could cause a shift in market dynamics, potentially halting Chainlink’s bullish charge. However, there is also potential for a corrective yellow wave. In this context, this yellow wave follows as an initial upward movement and represents only a temporary pullback before the trend resumes its bullish trajectory. According to the analysts at More Crypto Online, if LINK dips below $23.85, the corrective wave is expected to occur between $19.26 and $22.39, converting this region to a potential retracement zone for further gains. Related Reading: Chainlink Whales Accumulate $77 Million LINK Amid Price Correction – Details Chainlink Heading For Major Price Break? In other news, certain crypto analysts are highly bullish on LINK amidst the asset’s price rally. In an X post, market pundit AMCrypto has backed Chainlink to experience massive price gains in February. According to AMCrypto, LINK is currently still in consolidation despite recent gains. The analyst predicts the cryptocurrency will experience more weeks of range-bound movement below $30, before executing a major price breakout in February. Based on AMCrypto’s forecast, Chainlink is expected to trade as high as $54 in this projected price surge indicating a potential 125.37% gain on the coin’s current market price. At the time of writing, LINK trades at $23.95 following a 2.75% decline in the past day. On the other hand, the tokens’ trading volume valued at $957.45 million reflects a 13.97% gain in the past day. With a market cap of $23.94 billion, Chainlink continues to rank as the 12th largest cryptocurrency in the world. Featured image from Bitcoinist, chart from Tradingview
Bitcoin's chance of hitting a new all-time high has increased, buoyed by expectations of the adoption of a US Bitcoin reserve.
On Thursday, Chainlink (LINK) climbed from Monday’s lows to reclaim the $23 mark for the first time in over a week. The surge fueled investors’ bullish sentiment, with some market watchers forecasting a breakout to new highs. Related Reading: XRP Hits Seven-Year High After 16% Surge, Is A New ATH Around The Corner? Chainlink Whales Go On Buying Spree Chainlink jumped 9% in the past day, tapping the $23 mark for the first time in ten days. LINK rallied alongside the rest of the market during the post-election pump, surging 200% in one month. During this rally, the cryptocurrency surpassed its Mach 2024 high of $22 and reached a new multi-year high of $30. However, the December pullbacks halted LINK’s momentum, with Chainlink hovering between $20 and $25 for the rest of the month. LINK attempted to retest the $25 resistance zone during the start-of-year run but retraced during the recent market corrections, driving the price to $18, its lowest level in over a month. Amid the current market recovery, the cryptocurrency has surged 27% from its Monday low and caught the attention of analysts and large-scale investors. Altcoin Sherpa signaled that LINK could likely see a “V shape reverse up” following the recovery from the recent market “nuke.” On Thursday, Crypto analyst Ali Martinez highlighted that whales have “heavily accumulated” LINK in the last few days. According to the post, large-scale investors have purchased 1.35 million LINK, worth around $31 million, since January 14. It’s worth noting that whales have purchased significant amounts of LINK over the past weeks. In late December, Chainlink whales bought around 3.58 million LINK tokens, valued at $77 million. Meanwhile, on-chain data shared by the analyst shows that these wallets had acquired 1.4 million tokens in the first four days of 2025. LINK Holds Crucial Level Martinez suggested that the buying pressure could further impulse LINK’s momentum. Chainlink has been forming a bull pennant since hitting its December high and failed to break above the upper trendline earlier this month. However, today’s jump sent LINK’s price past the pattern’s upper trendline and, according to the analyst, eyes at the $50 target. Crypto analyst Jelle noted that Chainlink tested a key resistance into support. The analyst previously stated that Chainlink’s weekly chart was “slowly turning into a true thing of beauty” after the “painful retest” and holding the key level “firmly.” Related Reading: Ethereum Recovers From Drop Below $3,000: Analyst Points At 2021 Rally Similarities Jelle pointed out that LINK turned the $18-20 resistance zone into support after the recent retrace and rebound. This zone has been a crucial horizontal level for the token, as Chainlink has rallied to its all-time high (ATH) and new local highs when it was turned into support. Ultimately, Jelle set LINK’s initial target to $30 before the run to new ATHs. As of this writing, Chainlink is trading at $23.56, a 6% increase in the daily timeframe. Featured Image from Unsplash.com, Chart from TradingView.com
Chainlink has showcased its volatility over the past few days, with the price plunging 12% before staging an impressive 13% recovery in less than 24 hours. This rapid rebound has sparked optimism among investors, who view the altcoin’s resilience as a sign of its potential for significant gains in the near term. Related Reading: Solana Consolidates In A Bullish Pattern – A Breakout ‘Could Spark A 40% Move’ Top analyst Jelle shared a technical analysis on X, describing the LINK weekly chart as slowly evolving into a “thing of beauty.” The chart signals growing strength, suggesting that Chainlink could be poised for a substantial move if key price levels are reclaimed. The coming days will be crucial for LINK, as fresh supply zones are yet to be tested. A successful breakout above current resistance levels could catalyze a massive rally, potentially pushing Chainlink to multi-year highs. However, failure to hold its recent gains could lead to further consolidation or a retrace to test demand zones. As market sentiment shifts and technical indicators align, Chainlink is catching the attention of traders and long-term holders alike. The stage is set for a potential breakout, and all eyes are on LINK to see if it can capitalize on its momentum and deliver the rally many are anticipating. Chainlink Prepares for a Rebound After 42% Correction Chainlink (LINK) has faced a challenging few weeks, with the price plummeting over 42% since mid-December. However, signs are emerging that this steep correction may be nearing its end. Analysts are now speculating that LINK has reached a bottom, as short-term price action hints at bullish momentum. Top analyst Jelle shared a detailed technical analysis on X, highlighting that LINK’s weekly chart is “slowly turning into a true thing of beauty.” He noted the significance of a painful yet critical retest of a key support level, which LINK has managed to hold firmly. This resilience is boosting confidence among investors and traders that the worst may be over for the altcoin. Jelle identified the first key target for LINK at $30, with expectations of new all-time highs following if bullish momentum sustains. For this to materialize, LINK must reclaim crucial levels to break the daily downtrend and establish a bullish structure. Related Reading: Ethereum Is Forming A 1-Hour Symmetrical Triangle – Bullish Breakout Or Deeper Correction? The coming days are critical for Chainlink’s recovery. If LINK successfully holds its support and breaks above short-term resistance levels, it could trigger a rally that many investors are anticipating. A failure to maintain these levels, however, could lead to further consolidation or even a retest of recent lows. The market is watching closely as Chainlink attempts to chart its next big move. Price Holds Strong: Key Levels To Watch Chainlink (LINK) is trading at $20 after a volatile Monday, during which the price briefly broke down to the $17 mark before staging a swift recovery within hours. This dramatic rebound has reinvigorated bullish sentiment, with many investors speculating that LINK could be gearing up for its next major move. Bulls appear to have gained the upper hand, as the price now flirts with breaking above the $22 level. Successfully reclaiming this level would set the stage for a challenge of the $25 local high, a critical resistance point for LINK’s short-term price action. Analysts believe that flipping these levels into support could act as a springboard for a significant rally, potentially pushing LINK into higher territory. However, the journey ahead remains uncertain. LINK needs to maintain its momentum to avoid falling back into bearish territory. A failure to break above $22 could result in renewed consolidation or a retest of lower support levels. Related Reading: XRP Scores A Lower High Break On Daily – ATH Next? For now, all eyes are on Chainlink’s price action as it navigates this pivotal moment. A decisive breakout above the $25 mark could signal the start of a strong bullish trend, reigniting optimism among investors and setting the stage for further gains. Featured image from Dall-E, chart from TradingView
Chainlink has faced significant selling pressure recently, experiencing a 22% drop from its local supply zone to test crucial demand around the $20 mark. Despite this decline, market sentiment surrounding LINK remains optimistic as analysts and investors anticipate a strong recovery. Many view this pullback as a strategic opportunity for accumulation, with the potential for massive gains later this year. Related Reading: Ethereum Sees $1.4 Billion In Exchange Outflows This Week – Strong Accumulation Trend? Top analyst Carl Runefelt shared a compelling technical analysis on X, highlighting that LINK is currently trading within a falling wedge pattern on the daily timeframe. Falling wedges are often seen as bullish reversal patterns, and a breakout above the descending resistance could signal the start of a substantial upward move. According to Runefelt, once LINK successfully breaks out of this formation, the stage will be set for a massive rally, potentially propelling LINK toward new highs. With Chainlink’s strong fundamentals and growing adoption in decentralized finance (DeFi) and blockchain ecosystems, the current price action could serve as a springboard for significant gains. However, the immediate challenge lies in reclaiming lost ground and pushing above the wedge’s resistance. As the market awaits confirmation of a breakout, LINK’s trajectory in the coming days will be critical for shaping its long-term trend. Chainlink Poised For Recovery After Recent Decline Chainlink has solidified its position as one of the most promising altcoins in this market cycle, standing out in the rapidly growing Real World Assets (RWA) sector. Its innovations and partnerships are driving broader adoption, particularly with a groundbreaking collaboration with XRP. This partnership aims to enhance the functionality and adoption of Ripple USD (RLUSD), a stablecoin designed for decentralized finance (DeFi), making Chainlink a pivotal player in the ecosystem. Related Reading: Whales Buy 470 Million Dogecoin In 48 Hours As Price Tests Crucial Demand Level – Details Renowned investor and analyst Carl Runefelt recently shared a technical analysis on X, highlighting that Chainlink is trading within a falling wedge pattern on the daily timeframe. This bullish reversal pattern suggests significant upside potential once LINK breaks above the descending resistance. Runefelt has set an initial price target of $30.94 following the anticipated breakout, signaling a potential start to a larger bull trend for LINK. Beyond its technical setup, Chainlink’s robust fundamentals, including its leadership in Oracle solutions and its expanding influence in DeFi, position it as a top contender for this bull cycle. If LINK follows the bullish thesis laid out by Runefelt, the $30.94 target could merely mark the beginning of a much larger rally as the altcoin continues to gain traction and push the boundaries of decentralized innovation. Price Analysis: Holding Critical Support At $20 Chainlink (LINK) is trading at $20, a critical level that represents a strong weekly demand zone. Analysts and investors are closely watching this price point, as it holds the potential to determine the short-term trajectory of LINK’s price action. Holding above this key support level is crucial for maintaining bullish momentum. If LINK manages to sustain itself at $20, it sets the stage for a potential rebound toward the $25 mark. Breaching this resistance could trigger a broader rally, potentially propelling LINK to multi-year highs as market sentiment shifts in its favor. However, the stakes are high. A break below the $20 demand zone could lead to a deeper correction, with prices likely revisiting the $16 level. Such a move might shake investor confidence in the short term but could also create new opportunities for accumulation as LINK establishes fresh support. Related Reading: Key Metrics Reveal Bitcoin STH Support Levels Around $89K–$86K – Is BTC At Risk? As the market navigates a volatile phase, the coming days will be critical for LINK. Whether it holds at $20 or tests lower levels, its ability to reclaim and sustain momentum above key resistance levels will determine the strength of the next leg up in its bullish cycle. Investors remain cautiously optimistic. Featured image from Dall-E, chart from TradingView
Bitcoin’s sell-off shows no signs of forming a bottom, which is destroying traders’ appetite for altcoins.
Ripple has partnered with Chainlink to provide robust pricing data for its RLUSD stablecoin, according to a Jan. 7 statement. The integration introduces Chainlink’s blockchain technology to Ripple’s ecosystem, delivering secure and verifiable price feeds directly on Ethereum’s network. RLUSD, a stablecoin pegged to the US dollar, was launched in December after securing approval from […]
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Ripple’s RLUSD stablecoin gets a boost as Chainlink’s price feeds enable secure, real-time DeFi transactions on Ethereum and the XRP Ledger.
The Aave community has pushed back against the proposal, questioning whether it addresses the core risks.
Bitcoin price looks on track to reclaim the $100,000 level. Are altcoins set to follow?
The crypto market showed signs of revival yesterday, with several assets experiencing significant price surges after weeks of subdued action. Chainlink (LINK) stood out, gaining over 15% in just 24 hours, solidifying its position as one of the stronger altcoins in the current environment. This sharp recovery highlights growing interest in LINK as market sentiment shifts. Related Reading: Shiba Inu Testing A Significant Support Zone – Bullish Breakout Ahead? Renowned analyst Jelle shared a technical analysis on X, revealing a critical development in Chainlink’s price action. According to Jelle, LINK has successfully flipped a key resistance level into support—a bullish signal that often precedes substantial upward momentum. This structural shift could pave the way for Chainlink to target higher price levels as it prepares to test crucial supply zones. The market’s renewed energy and Chainlink’s ability to hold key levels suggest that the coming days could be pivotal. If the bullish momentum persists, LINK could soon challenge overhead resistance, setting the stage for a larger breakout. Amid this awakening market, Chainlink’s recent surge underscores its potential as a standout performer in the altcoin space. Chainlink Investors Waking Up Chainlink has faced notable selling pressure since peaking at $30 on December 13, triggering a pullback that tested the resilience of its bullish structure. However, recent price action suggests a shift in momentum as bulls show signs of waking up. This could mark the beginning of a massive rally, according to analysts closely monitoring the market. Top analyst Jelle recently shared a technical analysis on X, highlighting a crucial development in LINK’s short-term trend. According to Jelle, Chainlink appears to have flipped a key resistance level into support—a structural shift often seen as a precursor to significant upward movement. This bullish signal has reignited optimism among investors, with Jelle suggesting that LINK could target all-time highs in the near future if current momentum continues. The key now lies in LINK’s ability to break through critical supply zones in the coming days. A successful breach of these levels could pave the way for an aggressive rally as buyers look to capitalize on renewed market strength. As the broader crypto market shows signs of recovery, Chainlink’s ability to reverse its recent downtrend positions it as a potential leader in the altcoin space. Related Reading: Ethereum Stays Within Symmetrical Pattern – Analyst Sets ETH Target Testing Crucial Liquidity Chainlink (LINK) is currently trading at $22.55, reflecting a strong bounce from local demand levels. The price is now testing a critical supply zone, which could determine its next major move. Encouragingly, LINK is trading above the 4-hour 200 EMA at $22.27, a key technical indicator that often signals bullish momentum when sustained as support. For bulls, holding this level is essential to confirm the continuation of LINK’s short-term uptrend. If LINK maintains support above the 200 EMA and builds momentum, the next significant hurdle lies at the $24 mark. Reclaiming this level in the coming days would likely trigger a massive breakout, opening the door for LINK to target higher resistance zones and potentially all-time highs. Related Reading: Solana Holds Crucial Level – Can SOL Push Above $200? However, failure to hold the 200 EMA as support could expose LINK to renewed selling pressure, pushing prices back toward local demand. Traders and investors are closely watching these technical levels, as the broader market recovery creates favorable conditions for altcoins to reclaim lost ground. Featured image from Dall-E, chart from TradingView
Bitcoin is holding above $90,000, signaling the possibility of a move back toward $100,000 in the next few days.
Amid a general market retracement, prominent altcoin Chainlink has recorded a 29.89% price decline from its local market top at $30.31. LINK currently hovers around $21 having failed to move past $26 despite recent uptrends. During this price fall, LINK whales have adopted an accumulation approach signaling confidence in the altcoin’s long-term profitability. Related Reading: Chainlink Price Could Crash 30% To $15 — Here’s How Chainlink Whales Acquire 3.58 Million LINK In 3 Days Following a strong bullish performance in early December, the crypto market has undergone a significant correction in the past two weeks attributed to several factors including a flash crash price and potential reductions of Fed rate cuts in 2025. As this corrective market persists, blockchain analytics company Santiment has reported an accumulation spree by LINK whales holding between 1 million-10 million LINK. In an X post on December 28, Santiment states that these large LINK holders have purchased 3.58 million LINK valued at $76.9 million over the past three days. Generally, significant levels of whale accumulation are indicated as bullish signals as these large token holders are confident of future gains. In the case of a price decline such as this, these massive accumulation levels reflect the belief that LINK is currently undervalued with a potential market rebound on the horizon. Related Reading: Chainlink And AAVE Surge After Trump’s Crypto Project Invests In Both Key Resistance Levels For LINK While high levels of whale accumulation are one sign of an impending price rally, analysis platform More Crypto Online has shared another positive insight on the LINK market. According to a recent X post, these market analysts state Chainlink still maintains an uptrend on larger time frames despite’s recent correction with its major support level set at $17.65. Based on the Elliott Wave Theory, If the LINK’s price holds above this level, the altcoin is predicted to rise to $69 in line with the expected third wave of the current market cycle. However, for confirmation of a price uptrend, Chainlink must break through resistance levels at $25.10 and $28.30. A decisive five-wave move above these levels would solidify the bullish case and suggest further price appreciation. In Elliott Wave theory, the five-wave structure is a reliable pattern indicating a strong trend continuation, making the breakthrough of these resistance levels pivotal for the ongoing rally. At the time of writing, Chainlink trades at $21.90 reflecting a 1.44% gain in the past 24 hours. However, the asset’s daily trading volume is down by 12.55% and valued at $726.44 million. With a market cap of $13.96 billion, LINK is ranked as the 13th largest cryptocurrency. Featured image from CoinMarketCap, chart from Tradiingview.com
The Chainlink price has been under intense bearish pressure over the past week, mirroring the current state of the general market. The altcoin’s value continues to slide deeper after briefly touching the $30 mark in mid-December. A prominent analyst on the social media platform X has come forward with an even more bearish forecast for the future of Chainlink. Below is how the cryptocurrency could slump as low as $15 in the near future. This Chart Pattern Suggests Chainlink Price Could Drop 30% In a new video on the X platform, crypto analyst Ali Martinez put forward an interesting bearish prediction for the price of Chainlink. According to the crypto pundit, the LINK price appears to be set up for at least a 30% correction. Related Reading: Ethereum On The Cusp Of Major Breakout In Q1 2025, Altcoins Expected To Follow Suit The rationale behind this prediction is the formation of a head and shoulders pattern on the 4-hour chart of the Chainlink price. A head and shoulders pattern is a chart formation used in technical analysis characterized by three price peaks, where the outside two (shoulders) are similar in height, and the middle (head) is highest. The head and shoulders pattern is considered one of the most reliable trend reversal patterns, which predicts the shift from a bullish trend to a bearish situation. However, a price close beneath the support line (neckline) connecting the two swing lows is needed to confirm the trend reversal. According to Martinez, this support line lies around $21.30, and a 4-hour candlestick needs to close beneath this level in order to confirm the bearish theory. Also, the Chainlink price might also need to close beneath the $20 support level in order to fall all the way to $15. As of this writing, the price of Chainlink stands at around $21.30, reflecting an over 7% decline in the past 24 hours. According to CoinGecko data, the altcoin’s value is down by nearly 10% over the last seven days. LINK Investors Continue To Fill Their Bags The recent price action of Chainlink has been quite discouraging, but investors appear to be doubling down on their positions. The latest on-chain data suggests that the Chainlink whales are buying the dip. Related Reading: Bitcoin Price Retests Support Line After Crash Below $95,000, Here’s The Next Target According to data from Santiment, whales acquired more than 2.7 million LINK tokens (equivalent approximately to $57 million) in the past two days. If it persists, this level of buying activity from whales could positively impact the Chainlink price. Featured image from Unsplash, chart from TradingView
Bitcoin’s repeated failure to cross above $100,000 increases the risk of a drop under $90,000.
Chainlink (LINK) has recently shown resilience after a 35% retrace from its yearly highs, surging over 30% to test liquidity around the $23 mark. Despite this recovery, bearish sentiment continues to weigh heavily on altcoins, and Chainlink is no exception. The cryptocurrency has struggled to reclaim its local highs, raising questions about whether the recent rally has enough momentum to sustain further gains. Related Reading: Solana Sees Consistent Capital Inflows Since 2023 – Liquidity Influx Signals Growth Top analyst Ali Martinez provided a detailed technical analysis on X, highlighting a critical pattern that could dictate LINK’s next move. According to Martinez, Chainlink is forming a head-and-shoulders pattern—a structure often associated with bearish reversals. If this pattern is confirmed, LINK could face a significant decline, potentially dropping as low as $14 in the coming weeks. This technical setup puts Chainlink at a crucial juncture, where holding above current levels is vital to avoid deeper corrections. Investors and traders closely monitor the price action, with $23 as a key resistance level. Whether LINK can overcome the bearish sentiment or succumb to further downside will likely depend on broader market conditions and its ability to invalidate the bearish pattern. For now, Chainlink’s outlook remains uncertain, keeping market participants on edge. Chainlink Price Action Showing Weakness Chainlink (LINK) has faced a challenging price environment since its drop from yearly highs, reflecting a broader bearish sentiment in the altcoin market. Despite showing some recovery, LINK’s price action has remained constrained, with significant resistance forming around the $26 mark. Reclaiming this level is essential for invalidating bearish outlooks and reigniting bullish momentum. Top analyst Ali Martinez recently shared a technical analysis on X, highlighting the potential formation of a head-and-shoulders pattern. This bearish setup, if confirmed, could send LINK plunging as low as $14. Such a move would represent a significant downside from current levels and underline the challenges LINK faces in reclaiming its former highs. However, not all hope is lost. Martinez notes that holding above the $22 mark could provide a strong foothold for Chainlink to stabilize and potentially reverse the bearish trend. A decisive push above $27 would further strengthen bullish momentum, signaling a potential return to a more optimistic outlook. Related Reading: ONDO Faces 30% Correction Risk If It Loses $1.46 Support – Top Analyst For now, the market remains riddled with indecision. Broader market conditions, including Bitcoin’s performance, will likely influence LINK’s direction. If LINK can successfully navigate these key levels, it may overcome the bearish narrative and position itself for a more sustained rally. Until then, caution remains warranted for traders and investors alike. LINK Testing Liquidity Chainlink (LINK) is currently trading at $23 after successfully testing demand at the $22 level. Despite holding this crucial support, the price action lacks a definitive direction, leaving traders and investors in a state of uncertainty. Bears appear to maintain control for now, with the recent retrace from yearly highs weighing heavily on sentiment. However, the $22 mark has proven to be a resilient support, suggesting that demand could surge at any moment to reclaim the uptrend. For LINK to break free from this indecisive phase, it must overcome the critical resistance at $26. A push above this level would invalidate the current bearish outlook and likely ignite a massive rally, with potential to revisit and surpass previous highs. Such a move would restore confidence among traders and could attract new buyers to fuel further momentum. Related Reading: Bitcoin Is Forming A Symmetrical Triangle – Can BTC Reclaim $100K? On the downside, failing to hold above $22 would expose LINK to increased selling pressure, which could test lower support levels and prolong the bearish trend. For now, the market remains at a tipping point, with both bulls and bears waiting for the next decisive move. The coming days will be critical for LINK as it seeks to find direction amid broader market uncertainty. Featured image from Dall-E, chart from TradingView
Bitcoin’s recovery shows solid buying at lower levels, increasing the possibility of a break above $100,000 in the short term.
The DeFi protocol aims to capture around 40% of MEV profits from adding Chainlink's new oracle service.
Offering on various networks increases visibility and distribution for a token, helping drive investment and usage among network users.
Shiba Inu has taken a significant step forward by partnering with Chainlink to enhance cross-chain functionality and data integration across its ecosystem, according to a Dec. 19 statement. This collaboration introduces cutting-edge interoperability features and positions the Shiba Inu network for broader adoption. Unlocking cross-chain potential The collaboration integrates Chainlink’s Cross-Chain Token (CCT) standard into […]
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A solid recovery in Bitcoin price is a hint that bulls have not given up on BTC and altcoins as they continue to buy dips below key support levels.
Shiba Inu has entered into a strategic partnership with Chainlink, according to a press release published in SHIB Magazine. This alliance will see Shibarium, Shiba Inu’s layer-2 (L2) blockchain network, integrating Chainlink’s Cross-Chain Interoperability Protocol (CCIP) as its canonical infrastructure for cross-chain communication, alongside the adoption of the Cross-Chain Token (CCT) standard for its native […]
Bitcoin’s pullback after hitting a new all-time high above $108,000 has started a correction in select altcoins, signaling profit booking by the bulls.
Bitcoin bulls are attempting to push BTC price above teh $104,088 all-time high, and charts suggest ETH, LINK, AAVE and BGB will be the first to breakout.
The Chainlink price has been on quite a run in the past few months, but so has the entire cryptocurrency market. While the general market has somewhat cooled off in recent weeks, the price of LINK has continued to impress at the end of the year. As it looks to reclaim its current all-time high, the Chainlink price has returned to around the $30 mark for the first time in more than two years. According to a prominent analyst on the social media platform X, the altcoin’s rally is only just beginning, with a new price target already in sight. How Chainlink Price Can Move Up To $34 In a recent post on the X platform, popular crypto pundit Ali Martinez shared an interesting prognosis for the price of Chainlink over the next couple of days. The analyst explained that LINK’s current price layout suggests a bullish breakout might be on the horizon for the altcoin. Related Reading: XRP Price In Motion: Analyst Reveals The Next Major Supports And Resistances This bullish prediction is based on the formation of an ascending triangle pattern on the 1-hour timeframe of the LINK price chart. The ascending triangle is a chart pattern used in technical analysis that is characterized by a horizontal line connecting the swing highs and a rising trendline along the swing lows. Typically, ascending triangles are regarded as continuation patterns, as the price often breaks out in the same direction as the initial trend forming the triangle. While a break out of the horizontal line is the most likely scenario, a breach of the trend line is also possible. As observed in the highlighted chart, the Chainlink price has been hovering around the upper horizontal line, just above the $30 level. According to Martinez, if the price of LINK does break this upper line, an hourly candlestick needs to close above the $30.4 mark, for it to be considered a successful breach. The crypto analyst noted that if the Chainlink price does successfully break above the upper horizontal line, it could travel as high as $34 in the next couple of days. This would represent a 15% surge from the altcoin’s current price point. LINK Price Overview As of this writing, the Chainlink token is valued at around $29.25, reflecting an almost 5% price increase in the past 24 hours. The altcoin’s performance on broader timeframes is even more impressive, surging by over 17% in the past week. Related Reading: Bull Flag Formation Puts Dogecoin Price As High As $2.15 This Cycle According to data from CoinGecko, the LINK price has skyrocketed by more than 120% in the past 30 days. This places the coin as the 13th-largest cryptocurrency in the digital asset sector, with a market capitalization of over $18.3 billion. Featured image from Unsplash, chart from TradingView
According to a recent Bloomberg report, Donald Trump’s crypto initiative, World Liberty Financial (WLF), is making significant strides by acquiring three altcoins worth millions. This move comes amid growing speculation that the decentralized finance (DeFi) platform is on the brink of “becoming operational.” Trump’s Crypto Venture Secures Major Token Purchases Since December 11, World Liberty […]
Chainlink has outperformed the rest of the sector with a sharp rally during the past week. Here’s what’s driving this, according to on-chain data. Chainlink Price Has Been Sharply Moving Up Recently The past few weeks have been an excellent time for LINK investors, as the asset has almost tripled in value as compared to […]
Bitcoin is facing selling above $100,000, but the repeated retest of a resistance level increases the likelihood of a breakout.