Is Chainlink (LINK) $12 Breakout Imminent? Data Reveals A Rising Open Interest

Chainlink is in a consolidation phase after weeks of volatility and selling pressure. The price currently holds above a support level of $10, a crucial liquidity level. The altcoin attracts the attention of analysts and investors who anticipate higher prices soon.  Related Reading: Solana (SOL) Surges Past $130 Resistance As Funding Rate Signals Bullish Momentum Data from Santiment reveals rising open interest, which signals sustained demand for Chainlink. As more traders and investors build positions, this increase in open interest suggests that a price rally could be on the horizon. This stabilization around the $10 mark has given some confidence to those who believe LINK may be poised for a breakout. Many analysts see this as a potential turning point for Chainlink, with its current price action reflecting growing optimism for future gains. If the consolidation holds and momentum builds, LINK could potentially push past its recent resistance and aim for higher levels. Chainlink Investors Showing Confidence  Chainlink is testing key supply at its current levels, and top traders and investors are confident in a potential rise for LINK in the coming weeks. One significant indicator signaling strength is the rising Open Interest (OI), as revealed by Santiment. OI tracks the number of active contracts tied to a cryptocurrency, serving as a reflection of market engagement. When OI increases, it signals growing liquidity and interest in the market, while a decrease in OI typically points to reduced exposure. From a price analysis perspective, a rise in OI combined with a price dip often confirms a continuing downtrend. On the other hand, if OI decreases while the price rises, it may signal a bearish reversal. In Chainlinks case, both OI and price are increasing, which suggests that the current uptrend could persist. As investors monitor the market, many are waiting for price confirmation above current levels to keep the momentum going and shift the overall negative sentiment that has clouded Chainlink in recent weeks. Related Reading: Cardano (ADA) Rally Brewing? On-Chain Metrics Suggest Investors Optimism LINKs breakout could fuel a bullish run, as traders expect a more bullish trajectory in the short term. The rising OI serves as a strong indicator that market participants are increasingly confident in LINK’s potential for further gains. LINK Price Testing Supply At $10.8 Chainlink (LINK) is trading at $10.40 after testing local resistance at $10.83, positioning for a potential breakout toward higher prices. The price is struggling to clear the 4-hour 200 moving average (MA) at $10.71, a key indicator that has acted as a resistance since late August. For bulls to maintain momentum, LINK must reclaim the 4H 200 MA and target the next resistance at $12.70. Breaking past this level would signal a reversal and could lead to a more sustained uptrend, offering investors hope for further gains. However, if LINK fails to break through the 4H 200 MA, the altcoin will likely face a pullback, with support anticipated at lower demand levels around $9.30. A failure to hold this support could result in even lower prices, reinforcing the downside risk for traders. Related Reading: Avalanche (AVAX) Ready To Target $28: Investors Expect A Reversal The coming days will be crucial for LINKs price trajectory as the battle between bulls and bears intensifies. Featured image from Dall-E, chart from TradingView

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Chainlink & Ethereum Hit Historic Lows: Opportunity In Market Pain?

Renowned analytical platform Santiment reported that both Chainlink and Ethereum have reached an all-time low in the 30-day and 365-day average of trading returns. In a recent post on X, the platform highlighted this considerable decrease in return, pointing out the current trends in these large cryptocurrencies. According to Santiment analysis, Chainlink and Ethereum trading […]

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LINK Surges 11% As Key Data Reveals Day Traders Are Locking Gains

Chainlink (LINK) has surged over 10% in the past few hours, pushing its price to $11.39 at the time of writing. This significant gain comes after two weeks of sideways consolidation, signaling a potential shift in momentum.  Related Reading: Chainlink Drops by 64% In 5 Months, LINK Holders Unfazed: They Are Rapidly Accumulating As LINK rallies, data from Santiment, a leading crypto data intelligence platform, reveals that some daily traders are already taking profits, capitalizing on the recent price increase. This profit-taking activity highlights investors’ cautious optimism as LINKs price gains momentum and reaches technical resistance in the 4-hour timeframe. LINKs On-Chain Transaction Volume Showing Profit-Taking LINK’s daily profit-to-loss transaction volume has reached its highest level since July 14, with the ratio at 5.986. This means there are nearly six transactions in profit for every transaction in loss, signaling that short-term holders are actively taking profits following the recent move up. Such a high ratio indicates that investors are capitalizing on a significant price increase or relief rally, locking in gains as the market tests key levels. This profit-taking trend reveals the dynamics prevailing among traders, even as LINKs price continues to gain momentum in the market. With the token testing local supply around the $11.40 mark, the market sentiment is one of careful anticipation. Traders are keenly aware of the delicate balance between further gains and potential pullbacks. Investors will watch for signs of a sustained breakout or a potential reversal as LINK approaches this threshold. The outcome at this level could set the tone for LINKs price action in the coming days, making it a critical juncture for traders and investors alike. Technical Details: LINK Price In Critical Level  LINK is trading at $11.31 after breaking a local high of $10.83 set on August 8, confirming an uptrend on the daily time frame. The price rally paused at $11.40, right at the 4-hour (4H) 200 exponential moving average (EMA), underscoring the significance of this technical indicator in lower time frames. This indicator acts as a dynamic support or resistance level, often indicating the trend in lower time frames. For LINK, reclaiming this level is crucial to confirm bullish momentum. For LINK Bulls to maintain momentum, the next crucial step is to retake the 4H 200 EMA and aim for $13. Conversely, if LINK fails to consolidate above this indicator, it could lead to a retest of the previous resistance at $10.83 and potentially a dip to the higher low around $9.90. Related Reading: Analyst Says Chainlink Price Could Climb To $19 Heres How Despite some day traders locking in profits, this activity should be seen as a sign of healthy profit-taking after a modest rally. The current price action reflects a market in consolidation, with traders closely watching for the next move. As LINK hovers near critical levels, the coming days will be pivotal in determining whether the uptrend continues or if a pullback is on the horizon. Cover image from Dall-E, Charts from Tradingview

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Analyst Predicts ChainLink (LINK) Rally To $13 Could Result In 45% Price Correction, Heres Why

The decentralized oracle network ChainLink and its native token, LINK, have staged a price recovery amid the broader cryptocurrency market’s bounce from a recent significant correction.  Despite experiencing a 16% price retracement over the past month, LINK has regained its stronghold, rising 5% to $13 in the past 24 hours after hitting a six-month low of $11 on Friday. Still, cautionary signals have emerged that caught the attention of crypto expert Ali Martinez.  Bearish Signals For ChainLink  In a recent social media post, Martinez raised concerns about a pattern visible on LINK’s daily chart, suggesting the potential for a substantial price correction ahead.  Specifically, the analyst highlighted a possible retest of the neckline of the head-and-shoulders pattern during the recent upswing to $13.  Related Reading: Mass Adoption? NEAR Protocol Sees Over 12 Million Unique Addresses In 30 Days According to Martinez, this pattern indicates a continuation of the downtrend until the right shoulder is broken, meaning that the ChainLink price would have to break above the $20 level, the top of the right shoulder, to invalidate this scenario. If this scenario is as predicted, ChainLink could face a 45% correction. Martinez previously highlighted the likelihood of such a correction if LINK were to break below the $12.70 support level.  The token’s price might retrace significantly in this bearish scenario, potentially reaching as low as $6.60. Notably, these levels were last witnessed in September 2023, before the commencement of the overall market uptrend that began in November of the same year. Key Levels For LINKs Price Recovery Another analyst, Crypto Ambrosio, presents similar downward scenarios for the ChainLink price in a recent analysis of key indicators.  The analyst suggests that if the 20-week exponential moving average (EMA), depicted by the yellow line in the chart above, remains above the current price action, it would serve as a notable bearish signal for the token. However, breaking above this indicator situated at $14.75 would invalidate this bearish outlook. Additionally, Crypto Ambrosio noted a downtrend pattern in the Relative Strength Index (RSI), further supporting the notion of a new downtrend for ChainLink. To counter these bearish signals, it is crucial for LINK to hold the $12 support level, as noted by the analyst.  Ambrosio also believes that if ChainLink forms a Falling Wedge pattern and breaks the resistance at $15, it could signal a bullish reversal and pave the way for further price recoveries toward its yearly high of $22.89, reached in March. Related Reading: Bitcoin Starts July On A Bearish Note, Will CPI Data Change The Narrative This Week? The token must overcome key upper resistance levels while trading at $13.28 to initiate a potential price recovery. Upon analyzing the LINK/USD daily chart, the token will likely encounter its first significant challenge at the $13.52 price level, which has acted as a resistance for the past two months. Moreover, to invalidate the extension of the bearish scenario and surpass the 20-week exponential average, the ChainLink price would need to surpass and consolidate above the $14.38 resistance level.  Featured image from DALL-E, chart from TradingView.com

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LINKs Market Poised For Clarity: Analyst Awaits Healthy Candles For Scalp Trading

The popular cryptocurrency analyst Crypto WZRD shared his insight and framework on the current market situation and the outlook on LINK. In a recent post on X, the analyst highlighted that LINK is portrayed to have been trading in a state of confusion, as suggested by the indecisive candle. Thus requiring clearer market signals for […]

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LINK Cracks Key Support, Eyes $13 Amid Mounting Sell-Off

Chainlink (LINK) ended the volatile week of trading on a clear bearish bias, falling below the $14 level as bearish sentiment controlled the market. LINK found it difficult to hold its ground in the face of general market volatility. The token started the week trading higher at prices around $15 but soon came under intense […]

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Chainlink-SWIFT Partnership Update Looms: LINK Is Set To Skyrocket

As the Consensys 2024 conference commences this week in Austin, Texas, the LINK community is abuzz with anticipation over a potential pivotal announcement from Chainlink in collaboration with SWIFT. Speculations are rife that this announcement, set for May 30 during a session on tokenization, could significantly influence LINKs market performance. Chainlink And Swift Partnership Going [...]

The post Chainlink-SWIFT Partnership Update Looms: LINK Is Set To Skyrocket appeared first on Crypto Breaking News.

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Chainlink Struggles At Key Resistance Level $10 Support Back In Focus

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. Chainlinks 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. Martinezs 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 cant 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. Chainlinks 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 markan 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

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Chainlink Whales Dump Over 170 Million LINK In Three Weeks Selling Pressure Ahead?

Chainlink is trading at crucial demand levels as the entire crypto market faces heightened selling pressure and uncertainty. After weeks of volatility and downside moves, bulls continue to struggle to regain control, with LINK failing to break above key resistance levels. Still, there are early signs that the worst may be behind. Price action is beginning to stabilize, and some traders believe the current consolidation could lay the groundwork for a recovery phase. Related Reading: Bitcoin Rejected At Descending Resistance Again Is $78,600 Still In Play? However, not all signals are bullish. According to on-chain data from Santiment, whales have sold over 170 million LINK in the last three weeks. This significant outflow from large holders has fueled speculation that additional downside could still exist. Whale behavior is often a leading indicator of broader market sentiment, and continued selling from top wallets may reflect a lack of confidence in the short-term price outlook. While selling pressure appears to be fading for now, the market remains cautious. For Chainlink to break free from this uncertain range, bulls will need to defend current support and reclaim key levels. Until then, whale activity and broader market sentiment will continue to play a major role in determining LINKs next move. Chainlink Consolidates At Key Support As Whale Selling Clouds Outlook Chainlink is down 17% since March 26, and its price action remains uncertain as it consolidates above a critical demand zone. While the broader crypto market continues to struggle with volatility and macro-driven selling pressure, LINK has been particularly vulnerable. Analysts are increasingly voicing concerns about a potential deeper correction, citing weak momentum and ongoing bearish sentiment across risk assets. The fear of extended downside remains high, with many traders hesitant to step back in until clearer bullish signals emerge. The entire crypto landscape has been affected by economic instability and market indecision, and Chainlink is no exception. Still, some believe LINK has room to recover. The project continues to expand its role in the decentralized finance (DeFi) space, with steady development and increasing adoption of its oracle infrastructure. These long-term fundamentals offer hope that once the current market pressure fades, Chainlink could be among the first altcoins to rebound. Adding to the uncertainty, however, are troubling whale activity metrics. Crypto analyst Ali Martinez recently shared on X that whales have sold over 170 million LINK in the past three weeks. This heavy distribution supports the prevailing bearish trend and suggests that major holders are not yet confident in an imminent recovery. For now, all eyes remain on whether LINK can hold its current support zone. A break below could open the door to further losses, while a bounce and reclaim of higher resistance levels may finally mark the beginning of a recovery phase. Until then, market participants are treading carefully as Chainlink balances between bearish pressure and the potential for a turnaround. Related Reading: SUI Forms Inverse Head And Shoulders Can Bulls Break Above $2.52? LINK Struggles As Bulls Fight to Avoid Further Losses Chainlink (LINK) is trading at $13.1 after failing to reclaim the $15 level, reflecting continued weakness following weeks of selling pressure. The rejection from $15 has left bulls in a defensive position, with price action hovering just above a key demand zone. To regain control and confirm the start of a recovery rally, LINK must not only hold above current levels but also break decisively above the 200-day moving average (MA) and exponential moving average (EMA), both sitting around $17.2. These moving averages represent critical resistance, and only a clean breakout above them would signal a shift in momentum. Until then, LINK remains vulnerable to further downside, especially if market conditions stay fragile. If bulls fail to defend the $13 zone, a drop toward $10 becomes a likely scenario a level that hasnt been tested since late 2023. Related Reading: Whales Dump 760,000 Ethereum in Two Weeks Is More Selling Ahead? With broader market uncertainty and fading momentum across altcoins, LINK holders are watching closely. A failure to hold current support could trigger stronger selling pressure, while a successful push above $17.2 could pave the way for a stronger rebound. The coming days may be pivotal in determining whether Chainlink stabilizes or continues its downtrend. Featured image from Dall-E, chart from TradingView

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Chainlink Consolidates In Triangle Pattern Is A 35% Breakout Imminent?

Chainlink is currently trading at a crucial demand zone after enduring heavy selling pressure throughout Q1 of this year. Like many altcoins, LINK has struggled to recover in the face of broader macroeconomic instability and a hostile market environment fueled by U.S. President Donald Trump’s unpredictable policy decisions. Tariffs, trade tensions, and volatile global sentiment have created significant headwinds for high-risk assets, and Chainlink has been no exception. Related Reading: XRP MVRV Ratio Dips Below The 200-Day MA Trend Shift Underway? Despite the recent weakness, some analysts believe a turnaround may be near but only if LINK can hold its current support levels. A strong defense here could lay the foundation for a meaningful recovery rally in the weeks ahead. Top analyst Ali Martinez shared new insights on X, highlighting a potentially bullish setup forming on Chainlinks chart. According to Martinez, LINK is currently consolidating within a triangle pattern, which often precedes major moves. He notes that this structure could be setting up for a significant price move, with a breakout potentially imminent. As LINK coils tighter within this pattern, traders are watching closely. A confirmed breakout from this zone could spark a strong directional move and possibly mark the beginning of Chainlinks next major trend. Chainlink Struggles Below Key Levels as Triangle Pattern Signals Imminent Move Chainlink is currently trading below critical resistance levels after losing nearly 30% of its value since late February. The sharp drop has left bulls in a defensive position, struggling to hold prices steady and spark a meaningful recovery. The $13 mark now stands as a crucial support level a zone that must hold to preserve market structure and investor confidence. A decisive defense of this area could provide the foundation needed for a recovery rally. While selling pressure has dominated in recent weeks, bears have so far failed to break LINK below its current demand zone. This has led to cautious optimism among traders, who see a potential reversal if buyers can defend key levels and reclaim momentum. If LINK maintains support above $13 and gains strength, a push toward higher liquidity zones could quickly follow. However, risks remain. US President Donald Trump’s unpredictable economic policies, especially on tariffs and trade, continue to shake financial markets and drive uncertainty. Crypto, as a high-risk asset class, remains particularly vulnerable to this kind of volatility. Martinez’s technical analysis noted that Chainlink is consolidating within a triangle pattern a structure that often precedes significant price movements. According to Martinez, this setup could result in a 35% breakout, with $16 identified as the level to watch closely for confirmation. If bulls can reclaim that level, a powerful move higher may follow. For now, all eyes are on the $13 support and the triangles upper boundary as Chainlink coils tighter and prepares for its next major move. A breakout in either direction appears imminent. Related Reading: Whales Offload 200M Cardano During March The Start Of A Trend? Bulls Hold Support But Battle Key Resistance Chainlink (LINK) is trading at $13.5 after several days of consistent selling pressure, struggling to gain momentum below the critical $16 mark. The current level now acts as a short-term support zone, and bulls must defend it to avoid further downside. A successful hold above this price could offer a foundation for recovery, but the path forward remains challenging. To shift sentiment and reignite bullish momentum, LINK must reclaim the $17.20 level an area that aligns closely with both the 200-day moving average (MA) and the 200-day exponential moving average (EMA). These indicators have historically marked key trend reversals, and a clean breakout above them would signal strength returning to the market. If bulls manage to push LINK above the $18 mark, a strong rally could follow, possibly retesting higher resistance levels and restoring confidence in the broader trend. However, if LINK fails to reclaim these levels in the near term, it risks slipping into a consolidation phase or even experiencing a deeper correction. Related Reading: Dogecoin Holds Key Support: A Demand Spike Could Trigger A Rally A breakdown below $12.5 would likely trigger further losses and shift the short-term outlook more bearish. For now, LINK remains in a fragile state, and the next move will depend on the bulls ability to reclaim momentum. Featured image from Dall-E, chart from TradingView

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Chainlink (LINK) Faces Decline Amid Crypto Market Sell-Off, Eyes Bullish Reversal

Chainlink (LINK) is currently navigating through turbulent times as it experiences a decline in value, driven by a large-scale sell-off in the broader cryptocurrency market. The recent market volatility has sparked fear and uncertainty, leading to a downturn across many altcoins, including LINK. As of the latest update, LINK’s price is at $15.45, with a […]

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2.23 Million Chainlink Moved To Exchanges In Two Weeks Selling Pressure Incoming?

Chainlink (LINK) has faced massive volatility and uncertainty, with price action resembling a rollercoaster ride over the past few days. After trading around $17, LINK plunged to $13 before rebounding back to $16, all within less than three days. This extreme price movement reflects the broader markets instability, as traders struggle to navigate between bullish excitement and looming risks. Related Reading: Litecoin Fails To Break Key Resistance Level Again Can Bulls Hold Range Lows? The crypto market remains highly reactive, with investors balancing the hype from President Trumps U.S. Strategic Crypto Reserve announcement against the macroeconomic uncertainty that continues to weigh on sentiment. While the potential for increased crypto adoption fuels optimism, concerns about inflation, interest rates, and regulatory pressure keep many traders on edge. On-chain data from Santiment shows that 2.23 million LINK have been moved to exchanges in the past two weeks, a sign that selling pressure may be increasing. This shift in supply raises questions about whether large holders are preparing to offload LINK or simply repositioning ahead of a major move. As volatility remains high, traders are watching to see whether Chainlink can hold key support levels or break out toward new highs in the coming weeks. The next moves in both LINK and the broader market will be crucial for determining its short-term direction. Chainlink Struggles Below Key Levels Chainlink is currently trading below crucial resistance levels, with bulls struggling to reclaim lost ground. A breakout above these key levels could trigger a rally, but until then, uncertainty remains high. The broader market sentiment is mixed, with analysts and investors worried about the possibility of a continued drop if LINK loses support and falls below range lows. Metrics suggest a potential distribution phase is on the horizon, raising concerns that large holders may be preparing to offload LINK. Top analyst Ali Martinez shared on-chain data on X, revealing that 2.23 million LINK have been moved to exchanges in the past two weeks. Historically, this type of activity precedes selling pressure, as big players typically transfer assets to exchanges with the intent to sell. If selling accelerates, LINK could see a deeper correction, further delaying any bullish momentum. However, theres still a chance that this trend may not lead to a full-scale distribution phase. Some analysts believe that whales could be repositioning or preparing for a major move rather than outright selling. If LINK can hold above key support levels and reclaim resistance, it could defy expectations and start a new upward trend. Related Reading: Ethereum Breaks Below Parallel Channel Is ETH Collapsing To $1,250? For now, Chainlink remains at a pivotal moment, with price action depending heavily on whether bulls can absorb selling pressure and regain control. The coming days will determine whether LINK breaks out of its range or risks further downside in response to on-chain movements. LINK Trading Below Key Resistance Chainlink is currently trading below the $16.6 mark, hovering around the 200-day Moving Average (MA). This level is critical for bulls to reclaim in order to signal long-term strength and shift momentum in their favor. A decisive push above this zone would indicate that LINK is regaining traction, potentially setting the stage for further upside. However, in the short term, the main focus remains on holding above the $15 level. This support has been a key demand zone, and maintaining it in the coming days will be crucial to prevent further downside pressure. If LINK stays above $15, buyers could build momentum and attempt a breakout toward the next major resistance at $17.9, which aligns with the 200-day Exponential Moving Average (EMA). Related Reading: Dogecoin Breaks Above Falling Wedge Pattern Analyst Sets $0.43 Target A successful push above $17.9 would reinforce bullish sentiment and increase the chances of LINK reclaiming higher price levels. However, failure to hold $15 could expose LINK to renewed selling pressure, delaying any potential recovery. For now, traders are watching whether LINK can hold support and regain critical moving averages, which will determine its next significant move in the market. Featured image from Dall-E, chart from TradingView

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Chainlink Weekly Indicator Flashes Buy Signal Can Bulls Hold $13.20 Support?

Chainlink has been under heavy selling pressure, trading in a downtrend as broader market weakness drags crypto prices lower. The entire crypto market remains on the defensive, with macroeconomic uncertainty and escalating trade war fears continuing to shake investor confidence. With no clear resolution in sight, many analysts believe this high-risk environment could persist for the coming months, placing further pressure on digital assets like Chainlink. Related Reading: Ethereum MVRV Ratio Nears 160-Day MA Crossover Accumulation Trend Ahead? LINK has struggled to maintain upward momentum, and market sentiment remains divided. A growing number of analysts are warning of a possible break below current levels, potentially signaling the start of a prolonged bear market cycle. However, not everyone is bearish. Top crypto analyst Ali Martinez recently shared a more optimistic take. According to his analysis, all eyes should be on the $13.20 support level a critical trendline that has held strong through recent volatility. Martinez notes that this level could act as the launchpad for a new rebound in LINKs price. Whether support holds or breaks will likely define Chainlinks direction in the weeks ahead. Chainlink Holds Key Support After 55% Drop Chainlink is currently down more than 55% from its December high of around $30, struggling to find momentum as broader market conditions remain uncertain. Bulls have yet to reclaim any meaningful resistance levels, and price action has remained underwhelming amid ongoing selling pressure. Still, despite the weakness, bears have been unable to push LINK below the current demand zone a sign that this area may be acting as a strong support floor. If this level holds, a significant recovery could be on the horizon. The potential for a rebound is gaining attention, especially as macroeconomic uncertainty clouds the outlook. U.S. President Donald Trump’s latest tariff announcements and geopolitical moves are shaking financial markets, adding pressure to global economies and setting the stage for a potentially volatile era ahead. Crypto markets, often sensitive to global instability, remain caught in the middle. Amid this backdrop, Martinez has highlighted a key technical level to watch: $13.20. According to Martinez, this support trendline could be the launchpad for the next major rebound in Chainlinks price. Notably, the TD Sequential indicator has also flashed a buy signal at this level, further strengthening the bullish case for a turnaround. While risks remain high, a strong defense of the $13.20 zone could trigger renewed momentum and offer bulls the chance to reclaim higher ground. The coming days will be crucial in determining whether LINK can stabilize and rally or if the current support will finally give way to further downside. Related Reading: Ethereum Analyst Eyes $1,200-$1,300 Level As Potential Acquisition Zone Details LINK Trades At $13.20 As Price Tests Critical Support Chainlink (LINK) is trading at $13.20 after enduring several days of intense selling pressure, placing the token in a crucial position. This level now acts as the last strong support before deeper losses, and bulls must hold above it to prevent a breakdown in market structure. A decisive defense here is essential, as slipping below the $13 mark could quickly lead to a drop beneath $12, dragging LINK into lower demand zones. To shift momentum and spark a recovery rally, bulls need to reclaim higher ground starting with a move above the $16 level. This zone has acted as a key resistance barrier in recent weeks, and a clean breakout would mark a meaningful shift in sentiment. More importantly, a sustained push above $17 would bring LINK back above its 200-day moving average (MA) and exponential moving average (EMA), two critical technical indicators that signal broader trend strength. Reclaiming these levels would confirm renewed bullish momentum and could attract fresh demand from sidelined traders and investors. Related Reading: Solana Bears Eye $113 Target If Ascending Structure Breaks Down Details For now, all eyes remain on the $13 level. Whether bulls defend it or not could determine LINKs short-term fate and set the tone for its next major move. Featured image from Dall-E, chart from TradingView

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Chainlinks Bullish Outlook: Strong Bounce Could Lead to $40.70

Chainlink is in an upward trend, making it have the potential to continue in the same direction through various technical factors. The cryptocurrency is still trading inside a rising wedge pattern with recent price movements touching a key Fibonacci retracement level. On Monday, in an X post, Rose Premium Signals pointed out that much like […]

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Chainlink Poised For Recovery If $13 Support Holds Expert Sets Optimistic Targets

Chainlink (LINK) is showing signs of strength, trading 27% above its March 11 low and hinting at a potential recovery if broader market conditions improve. Despite recent volatility and ongoing macroeconomic uncertainty, LINK has managed to hold its ground better than many altcoins, giving hope to investors who believe the worst may be over. While some analysts remain cautious and warn of further downside, others see this consolidation as a healthy reset before the next leg up. Related Reading: Cardano Indicator Flashes Buy Signal On 4-Hour Chart Rebound Ahead? Top analyst Ali Martinez shared insights on X, noting that Chainlink is currently testing a critical support level around $13, which aligns with the lower boundary of a long-standing price channel. According to Martinez, if LINK holds this zone, historical patterns suggest a strong rebound could follow. As market sentiment remains divided, all eyes are on LINKs ability to maintain this support. A successful defense could position Chainlink as one of the altcoins leading the next rally. For now, traders are watching closely, waiting to see if this price action marks the beginning of a new upward trend. Chainlink Holds Crucial Support As Bulls Eye A Breakout After losing the critical $17$18 support zone, bulls have struggled to regain control. Chainlink trades at a pivotal level as it attempts to reclaim higher prices amid ongoing market uncertainty and volatility. LINK has fallen over 61% since reaching its mid-December high of around $30, reflecting the broader markets bearish sentiment fueled by macroeconomic instability and risk-off behavior from investors. However, there is growing optimism that LINK could be preparing for a recovery. Martinez’s insights highlight that Chainlink is now sitting on a key support level at $13, which marks the lower boundary of a well-defined trading channel. Martinez suggests that holding this zone could set the stage for a major rally. If LINK confirms a stronghold above $13, historical price action indicates that a move toward the mid-range target of $25 is likely, with a potential extension toward $50 if bullish momentum strengthens. Related Reading: Investors Withdraw 360,000 Ethereum From Exchanges In Just 48 Hours Accumulation Trend? The coming days will be critical as bulls must defend the $13 level to prevent further downside. A bounce from this zone could trigger renewed investor interest and accelerate momentum, positioning Chainlink as one of the altcoins leading a broader market recovery. For now, all eyes are on whether LINK can hold the line and reignite its bullish structure. LINK Price Battles Key Resistance Chainlink is currently trading at $14.30, sitting just below a crucial resistance zone that could determine its short-term direction. The $15 level has become a key battleground for bulls and bears. If LINK manages to break above this resistance with strength, analysts expect a swift move toward the $17 regionanother significant level that previously acted as strong support before the recent downtrend. The recent price action shows that bulls are regaining some momentum, especially after bouncing from the $13 zone. However, the market remains fragile amid broader macroeconomic uncertainty and cautious investor sentiment. A confirmed breakout above $15 would likely attract more buying interest, setting the stage for a short-term rally. On the flip side, if LINK fails to reclaim $15 and faces rejection at this resistance, it could slide back toward lower support levels. A drop below $13 would weaken the bullish case and expose the token to further downside, with the $12 mark acting as a possible next support zone. Related Reading: XRP Active Addresses Hit Highest Level Since April 2023 Will Price Follow? The next few sessions will be critical for LINK. Traders are watching closely to see whether bulls can build enough momentum to break outor if bears will regain control and push the price lower. Featured image from Dall-E, chart from TradingView

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Chainlink (LINK) Targets $25? Holding Above $13 Could Spark Major Rally

Chainlink (LINK) is currently in a positive price momentum and holding strong its ground. Over the past week, LINK is slightly up by 2.23% showing stability and signs for upward trend. LINK is on the verge of breakout and aiming for higher price targets, if the bullish momentum take place. Currently, Chainlink price is hovering around […]

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640,000 Chainlink (LINK) Withdrawn From Exchanges In 24 Hours Bullish Accumulation?

Chainlink (LINK) is currently trading below crucial resistance levels, which could trigger a strong rally if bulls manage to reclaim them. However, volatility and uncertainty have dominated the market since the start of the month, keeping LINKs price action unstable. Related Reading: Cardano Is About To Break Free Breakout Above Crucial Supply To Trigger A Big MoveAnalyst The token has seen wild price swings, moving from $17 down to $13, briefly rebounding to $16, and then collapsing to a low of $11.8. Bulls are now fighting to push LINK back above the $15 mark, but momentum remains weak, and the market appears to be consolidating around current levels. Despite this uncertainty, on-chain data is showing promising signs. Metrics from Santiment reveal that 640,000 LINK were pulled off exchanges in the last 24 hours, which is typically a bullish signal. Large withdrawals from exchanges often indicate long-term accumulation, as investors move their holdings into private wallets instead of keeping them available for immediate selling. With exchange outflows rising, traders are watching closely to see if LINK can break through resistance levels and confirm a shift toward bullish momentum. The next few trading sessions will be key in determining whether LINK can recover or if further consolidation is ahead. Uncertainty Looms As Investors Watch For A Breakout Chainlink is currently holding above the $13.5 mark, struggling to reclaim higher levels as selling pressure and market uncertainty persist. Despite its recent recovery attempts, LINK remains stuck below key resistance, making investors cautious about its short-term direction. Analysts and traders are concerned about a potential drop below the current range, as on-chain metrics suggest a distribution phase may be unfolding. If LINK fails to hold its support zone, it could see renewed selling pressure, sending the price toward lower demand levels. However, not all signals are bearish. Crypto expert Ali Martinez shared Santiment data on X, revealing that 640,000 LINK were pulled off exchanges in the last 24 hours. This is often seen as a bullish indicator, as large investors typically withdraw their holdings from exchanges when they anticipate higher prices in the future. When whales and long-term holders accumulate, it reduces selling pressure on the market and strengthens price stability. If LINK manages to break key resistance levels, this accumulation trend could set the stage for a strong recovery rally. Related Reading: Ethereum Must Reclaim $2,050 To Start A Recovery Rally Insights For now, bulls must defend the $13.5 support and push LINK above the $15 mark to confirm a bullish trend reversal. The next few days will be critical as investors watch for a breakout or further downside movement. Chainlink Bulls Defend Key Support Levels Chainlink (LINK) is currently trading at $14, facing resistance at the $15 level as bulls struggle to reclaim higher ground. The market remains under pressure, and LINK must hold current levels to avoid a deeper correction. For a recovery rally to take shape, bulls need to defend the $13 support zone and build momentum toward a breakout above $15. If LINK successfully pushes past this resistance, the next major target is the $17 level, where it must reclaim the 200-day moving average (MA) and the exponential moving average (EMA) to confirm a bullish trend reversal. However, if LINK fails to hold its current support levels, selling pressure could intensify, driving the price toward the $10 range or even lower levels. This would put LINK in a deeper downtrend, making a short-term recovery more difficult. Related Reading: Solana Forms Classic Cup-And-Handle Pattern Analyst Predicts A Breakout To $3,800 With market conditions still uncertain, the next few trading sessions will be crucial in determining whether LINK can stabilize and recover or face further downside risks. Bulls must step in soon to regain control and push prices back into an uptrend. Featured image from Dall-E, chart from TradingView

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Chainlink (LINK) Price Prediction: What’s The Future Price Outlook of LINK?

Chainlink is a network that facilitates interaction between blockchains and external data feeds, payment methods, and events. It provides the off-chain information which complex smart [...]

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Chainlink Price Prediction: LINK Sheds Most Of Its Recent Gains, But Bullish Prospects Remain

Chainlink (LINK) rose an impressive 41% from lows around $5.5 to highs above $7.8 between November 21 and December 1. This rally saw the Chainlink [...]

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Chainlink Price Prediction: This Technical Set’s LINK Up to 10% Gains

Through the weekend and into the new week, trading volumes rose as investors returned from the U.S. Thanksgiving holidays. Chainlink price has displayed strength rising [...]

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