• Chainlink’s BTC ratio fell 25%, from 0.0001576 BTC to 0.0001194 BTC in two months.
• LINK surged 5.39% in 24 hours to $11.91, raising the market cap to $8.11 billion.
• Analysts eye $12–$13 resistance; breakout may spark bullish momentum and reverse recent underperformance.

Chainlink has drawn renewed attention after a viral post criticized its ongoing underperformance against Bitcoin. The post highlighted that LINK’s BTC ratio has dropped from 0.0001576 BTC in late April to 0.0001194 BTC, marking a sharp 25% decrease in under two months.

As per the post, Chainlink co-founder Sergey Nazarov and advisor Chris Barrett, labeling LINK’s decline a “collapse.” It labeled the drop as a “collapse,” questioning the team’s portrayal of success. The criticism stirred debate across social media, with many expressing concern over LINK’s continuous relative weakness.

Technical Pressure Builds at Key Support Zone

Technical analyst CRYPTOWZRD noted that LINKBTC is now in oversold territory, hinting at a potential rebound. He highlighted $12.50 as a critical daily support level, with any bullish reversal there potentially igniting a sharp upward spike and shifting sentiment from bearish to bullish quickly.

Despite optimism, CRYPTOWZRD emphasized caution, citing Bitcoin’s weekend volatility as a limiting factor. With reduced liquidity, LINK’s movements may remain unpredictable. He identified $16 as a near-term resistance and $19.50 as a major barrier if momentum strengthens. Until then, he prefers short-term scalp trades.

Related Reading: Chainlink Price Prediction: Eyes Breakout Toward $13.80 and $14.20 Levels

Chainlink Eyes Key $12–$13 Resistance

Over the last 24 hours, LINK surged 5.39%, trading at $11.91. This rally elevated its market cap to $8.11 billion, making it the 15th largest cryptocurrency. Daily trading volume rose to $365.63 million, a 2.56% increase, reflecting investor interest as momentum builds around the asset.

Chainlink’s volume-to-market cap ratio hit 4.47%, indicating healthy liquidity. The fully diluted valuation aligned closely with the current price, suggesting minimal short-term dilution pressure. With a capped supply of 1 billion LINK, there are no looming unlock risks, keeping token economics stable for now.

Technical analysts are now focusing on the level of $12-$13 as the next resistance, with LINK reclaiming levels unseen in weeks. The enormous increase in the price range matches the ongoing debates about Chainlink’s running of decentralized oracle services for DeFi and its role in the enterprise, potentially driving long-term confidence and strategic accumulation.

Read More: XRP Price Forecast: Analyst Predicts $10 XRP Surge in 2025 , Here’s What’s Fueling It