Up until last week, Chainlink (LINK) was one of the best-performing cryptocurrencies in the market. The asset had rallied around 500% since the March lows.
After a slowdown in the altcoin market’s momentum, LINK has slumped. It is now down approximately 20% from its all-time high price set last week.
Analysts think that the asset is primed to move lower as the technical case remains in the hands of bears.
After an exponential rally, Chainlink is finally experiencing one of its first major pullbacks after last week’s major high near $9. As of the time of this article’s writing, the asset trades at $7.44, approximately 17% below that high.
While the asset’s holders have yet to capitulate, there remain technical indicators that suggest the asset is primed to slide lower in the weeks ahead.
Chart of Chainlink’s price action against the U.S. dollar over the past two weeks. Chart from TradingView.com
Analysts Agree That Chainlink Room To Fall
A Telegram channel that tracks the instances of the Tom Demark Sequential just noted that Chainlink just flashed a bullish sign. Against BTC, the cryptocurrency on its weekly chart just printed a “sell 9” candle according to the sequential.
This is important for traders as “9” candles, as per the TD Sequential, are often seen at an inflection or reversal point in an asset’s trend. That’s to say that this latest signal suggests the altcoin will see a strong correction against Bitcoin.
Chart of LINK’s macro price action (against Bitcoin) from a Telegram channel tracking the Tom Demark Sequential. Chart from TradingVIew.com
The expectations of a reversal in the LINK market against BTC have been echoed by Josh Olszewicz.
As reported by Bitcoinist previously, the analyst identified four factors backing his bearish sentiment. They are as follows:
The pair’s RSI reading on the one-day chart has reached an all-time high around 90.
LINK rallied close to an “R5” yearly pivot resistance.
The asset reached the top of a pitchfork extension pattern.
A bearish divergence formed between the 12-hour RSI and the price action.
Chart of Chainlink (LINK) against Bitcoin since mid-2018 from trader Josh Olszewicz (@CarpeNoctum on Twitter). Chart from TradingView.com
A Strong Fundamental Trend
Chainlink’s fundamentals remain strong in spite of the bearish technical analyses recently shared by top analysts.
China’s Blockchain Service Network (BSN), for instance, said in June that it will be using technology from the project:
“This integration of Chainlink provides BSN users additional security, reliability, and interconnectivity to help fuel even greater growth and adoption of blockchain applications in China and around the world.”
Countless other firms and organizations in this industry are leveraging the startup’s oracles to bolster their products.
How this will translate into LINK’s adoption and respective price action, though, is not yet clear.
Featured Image from Shutterstock
Price tags: linkusd, linkbtc
Charts from TradingView.com
Down 17% From $9 High, Analysts Think Chainlink (LINK) Will Continue Plunge origin »
Chainlink (LINK) is about to get its first-ever spot ETF as Grayscale’s GLNK begins trading on December 2 on NYSE Arca. However, after recent altcoin ETFs failed to lift prices, investors are left asking whether LINK will break the trend or become the next casualty of weak market sentiment.
The Chainlink (LINK) price has been sliding for a few days now, but it finally looks like this downtrend is reaching an important moment. ‘ LINK has been sliding toward a key support level, and traders are watching to see if this is where the selling finally slows down.
Chainlink has been drifting lower for a while, but the latest move has brought the LINK price back to a spot that really matters. It’s not just another dip, this is the level that has defined every major LINK rebound for more than a year.
Whales have withdrawn $188M in LINK from Binance since October 11, as the Holder Accumulation Ratio climbs to 98.9%, signaling strong investor confidence.
The post LINK Withdrawals on the Rise, “Everyone Is Adding More Chainlink” appeared first on Coinspeaker.
Chainlink’s on-chain data and whale accumulation hint at a potential bullish cycle. Analysts say LINK could soon outperform Bitcoin if key resistance levels break.
The post Whales Are Back: Chainlink (LINK) Enters “Ideal Accumulation Zone” appeared first on BeInCrypto.
Chainlink price could be on the verge of a strong bullish breakout in the coming weeks as technicals and fundamentals align. LINK token was trading at $22. 40 on Friday, a few points below the year-to-date high of $27.
Chainlink may be gearing up for one of its biggest moves yet. A crypto market expert shared a weekly chart that lays out what he calls the most bullish setup for LINK. Ali on X posted that chart and walked through a simple roadmap from a potential dip to $16 up to a run toward […]
The post Expert Reveals “Most Bullish Setup” for Chainlink (LINK), Predicts Spike to $100 appeared first on CaptainAltcoin.
Chainlink is in the spotlight again after striking a major deal with the U. S. Department of Commerce. LINK price is up almost 3% today, trading around $24. 95, with volume surging more than 85%.
Chainlink price rose for three consecutive weeks and is slowly nearing the key resistance at $31 as it ecosystem growth and demand accelerate. LINK token was trading at $25 today, up by 135% from its lowest level in July.
Key takeaways Chainlink (LINK) is one of the best performers in the top 20, up 12% in the last 24 hours. The coin is rallying on the back of recent partnerships. Chainlink overtakes Hyperliquid on the market cap list LINK, the native coin of the Chainlink blockchain, is one of the best performers among the […]
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Chainlink (LINK) price analysis Chainlink (LINK) fell 5. 3% to $18. 00 during the July 22-24, 2025 period, reflecting a broader altcoin market pullback after a 21% surge the prior week. The decline follows LINK’s failure to break the $20.
Chainlink is starting to heat up again as it approaches a key resistance level that has kept it in check for months. Crypto analyst AliCharts shared a chart on X(Formerly Twitter) showing LINK price trading around $15.
Chainlink has seen exchange outflows of 3. 86 million LINK since June 20. LINK trades above $13, up 12% this past week after a recent Mastercard partnership. Price targets for bulls include a potential rally to $25–$30, while bears may eye lows of $10.
Key takeaways Chainlink’s LINK could rally towards the $17 resistance level amid improved technicals. Chainlink partnered with Mastercard on Tuesday, with the price surging by 11% afterward.
A $25M whale deposit to Binance coincided with a sharp rise in LINK Exchange Inflows.
NVT ratio hit 749 while MVRV dropped to -0.78, reflecting conflicting valuation signals.
Chainlink [LINKThe post Chainlink alert: 2 chilling signs confirm LINK's upcoming sell-off! appeared first on AMBCrypto.
Chainlink investors have reason to be cautiously optimistic due to accumulation in recent weeks.
The trend of Bitcoin could dictate LINK's short-term movements and potentially hurt a raThe post Chainlink: $29 could be in sight again, but first, LINK must... appeared first on AMBCrypto.
LINK has surged by 12.9% in 24 hours.
Chainlink outflows have surpassed $120 million, signaling ongoing accumulation.
Since hitting $27 three months ago, Chainlink [LINK] has struggled with The post Chainlink bulls are back: Outflows cross $120 mln as LINK targets $16 appeared first on AMBCrypto.
LINK reclaimed its daily trendline as bulls defended $12.25 amid mild upside momentum
On-chain activity dropped sharply, but fundamentals and reserves hinted at recovery potential
Chainlink The post Chainlink [LINK] price prediction - Watch out for a defense of THIS key level! appeared first on AMBCrypto.
LINK is trading at $12. 53, down 7. 28% in 24 hours. LINK could surge 35% if it breaks $15. 68 resistance. MVRV Z-score at 3. 09 suggests a bullish accumulation zone. Chainlink (LINK) is trading at a critical level as market data points to heightened volatility and investor activity.
Whale accumulation and bullish chart patterns hint at a potential 35% breakout.
On-chain metrics and declining exchange reserves strengthen LINK’s bullish outlook.
A major Chainlink [LINK]The post Chainlink: How 2 factors will determine whether LINK can rally 35% appeared first on AMBCrypto.
LINK has now surpassed $20 trillion in total transaction value executed on its network.
Over the past 24 hours, traders have accumulated millions of dollars worth of LINK, with active addressesThe post Chainlink: What next for LINK after reaching $20T in transactions? appeared first on AMBCrypto.
LINK has maintained resilience with robust dip-buying demand.
Does this guarantee a breakout?
Chainlink [LINK] is showing weak signs of recovery after dropping to $17.30, with buying momentuThe post Chainlink's [LINK] recovery in motion? Key levels to watch appeared first on AMBCrypto.
The Bollinger Bands indicator on Chainlink (LINK) is contracting predicting a major volatility phase could be imminent. High correlation with Bitcoin suggests LINK could decline further before a bullish move.
Whale accumulation highlighted a potential breakout as LINK battled a key resistance level.
Declining exchange reserves and rising transactions created bullish conditions.
Chainlink [LINK] hThe post Chainlink records 'suspicious' whale activity: What's going on with LINK? appeared first on AMBCrypto.
Chainlink whales withdrew 100,000 LINK tokens worth $2.95 million in 24 hours.
LINK has declined by 3.02% over the past day.
After hitting a recent high of $30.49, Chainlink [LINK] has experThe post Chainlink- Analyzing the price impact of whale's $2.95M withdrawal appeared first on AMBCrypto.
LINK spiked by over 30% in the last 24 hours.
It remained undervalued overall despite this spike in price.
As Chainlink [LINK] crosses significant milestones, including a $15.87 billion maThe post Chainlink: Despite 30% rise in 24 hours, is LINK still undervalued? appeared first on AMBCrypto.
Cryptocurrency whales have been traced to have accumulated hundreds of thousands of LINKs on the past day of trading. According to CoinMarketCap data, Chainlink (LINK) has recorded a surge of up to 28% from $19 to $24, with the volume…
If the market supports Chainlink's bullish structure formation, then LINK might rally to $50.
Hpwever, a short-term pullback can be expected first.
A week of price hikes, Chainlink [LINK] soThe post Will Chainlink's potential bull flag lead LINK to $50? Gauging... appeared first on AMBCrypto.
LINK broke out of a prolonged downtrend, approaching key resistance at $18.
On-chain activity and reduced selling pressure bolstered LINK's potential to target $35.
Chainlink [LINK] is rapidThe post Will Chainlink's $17.
Chainlink (LINK) trades at $14. 60 after recent uptrends saw it escaping a prolonged consolidation range. Meanwhile, the altcoin encountered resistance after hitting the $15. 27 daily high. LINK rebounded to its press time levels after hitting a 24-hour low at $13.
Chainlink (LINK) has seen a whirlwind of price activity, surging 50% before experiencing a sharp 15% retracement within 10 days. This volatility showcases the potential and unpredictability surrounding LINK’s recent price action, drawing attention from analysts and investors alike.
Chainlink whales accumulated 15 million tokens worth $165 million over the last two months.
LINK has surged by 21. 28% over the past month.
Chainlink [LINK] has experienced significant gainThe post Chainlink: Whales make a $165M move on LINK – Will it pay off? appeared first on AMBCrypto.
Chainlink introduces LINK as a universal gas token for network fees.
Chainlink CCIP enables Cross-Chain Billing with LINK as a core token.
With LINK emerging as a universal gas token, ChainlThe post Chainlink: Can this new update push LINK to 2024 highs? appeared first on AMBCrypto.
Chainlink preparing for a breakout.
Whales are accumulating LINK as end of year nears.
Chainlink [LINK] neared a potential breakout as it approached a critical point in the market.
At preThe post Chainlink nears breakout: Is LINK's surge to $50 coming? appeared first on AMBCrypto.
At the time of writing, Chainlink was up 3% in the last 24 hours
LINK's long-term potential remains strong, despite some bearish signals
Chainlink (LINK), one of the industry's prominent cryThe post Chainlink price prediction - Will LINK's 4-year-wait finally pay off? appeared first on AMBCrypto.
Chainlink (LINK) was the golden child of the crypto era, achieving record highs of $52 in 2021. But as matters currently stand today, the LINK price today is at a low of $11. 45 – which is far from way back to that time.
Chainlink has finally picked up bullish momentum, and Polkadot is following in its footsteps by flashing early bullish signals on its daily chart. Meanwhile, Rollblock’s 170% presale rally is attracting a wave of new investors every week! Chainlink (LINK) Records New High After Clearing Key Resistance Chainlink surged to $22 in March, but it has […]
The post Record Number of ATH’s For Emerging Altcoin Poised to Outpace LINK and DOT By 2025 appeared first on CaptainAltcoin.
Chainlink (LINK) has been consolidating within a crucial support zone, with the price hovering near the $10. 50 mark. This level has become key, as LINK faces the challenge of maintaining its position while approaching a primary downtrend resistance.
Chainlink’s LINK token didn’t stay immune to the market’s downturn this week. The price is now trading below $11 after a 6% plunge during this period. So, what’s next for LINK? It’s important to note that LINK is trading way below its $21.
LINK bounced off a critical support level after holding for years
RSI heatmap revealed lowest average as sector performance underlined bullish sentiment
Chainlink [LINK], at press time, seemThe post Chainlink [LINK] poised for breakout? Here are the signs which say yes...! appeared first on AMBCrypto.
Chainlink (LINK), one of the major players in the decentralized finance space, is currently facing increased bearish pressure in the market. As LINK’s bearish momentum continues to build, key technical indicators are signaling the potential for further loss toward the critical support level at $12 for the cryptocurrency.
Chainlink's inverted head-and-shoulders and falling wedge patterns signaled a potential bullish trend reversal for eager traders.
A close above $14.7 could propel LINK to $18.3, aligning with cThe post Chainlink to $20, when? Why analysts are positive about LINK's future appeared first on AMBCrypto.
The number of LINK active addresses was over 47,000.
LINK was now slightly in a bull trend.
Historically, Chainlink [LINK] has consistently attracted the attention of whale investors, particThe post Chainlink: Whales scoop up $167M in LINK - New strategy? appeared first on AMBCrypto.
Traders have taken short positions against LINK
At press time, LINK was trading in the negative for the third straight day
Chainlink is experiencing one of its most challenging periods in reThe post Chainlink - What LINK's latest breaches tell us about its reversal odds appeared first on AMBCrypto.
Chainlink (LINK) , the oracle network powering the decentralized world, has been stirring up excitement after a recent surge past a critical resistance level. Analysts are now predicting a potential price explosion, with some even charting a course for the moon.
Chainlink (LINK) has exhibited promising technical patterns that could ignite a price surge. According to The Contra Bear, a crypto analyst, the last time LINK was supported by the 20-day moving average (MA), it surged from $6 to $20, a 250% increase.
Стоимость Chainlink (LINK) увеличилась на 23% за последние семь дней. В ночь на понедельник, 20 мая, курс LINK укрепился до $16,5. За сутки объем торгов вырос до $496,6 млн, а капитализация достигла $9,696 млрд.
Development activity on Chainlink increased materially in the last few days.
Price of LINK continued to fall as network growth declined.
Chainlink [LINK] has been one of the most prominent iThe post What Chainlink's rising development activity means for LINK appeared first on AMBCrypto.
