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Chainlink Price Analysis

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

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  • Chainlink slipped below $14 after failing to sustain midweek recovery attempts.
  • The price posted a series of lower highs and lower lows throughout the week.
  • RSI and MACD indicators show growing bearish momentum and weak buyer interest.
  • A drop below $13.70 could trigger further losses toward the $13 level.

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 selling pressure. This was followed by an abrupt decline as bearish moves started marking the beginning of consistent declines, with bears dominating despite the marginal recovery effort.

Having bounced near the $15 level mid-week, the coin faced resistance and didn’t achieve a higher high. The rejection determined the subsequent sessions as well, which were marked by an uninterrupted slide with several red candles. LINK had sunk below the level of $14.25, and the slide intensified to reach lows near $13.70.

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Socure: CoinMarketCap

Trading volume was stable during the week, but the failure to follow through on the advance indicated diminishing investor optimism.

Chainlink Struggles Below $14 as Bearish Pressure Mounts

Chainlink (LINK) is indicating further weakness as it trades at about $13.79, having broken below the critical level of $14. The 4-hour chart indicates bearish momentum, as the coin is trading below its VWMA (20) and is clinging to the lower Bollinger Band at about $13.65.

The RSI is at 36.46, reflecting increasing selling pressure, and the MACD is still on the bearish side with an expanding negative histogram, both reflecting the bulls losing grip.

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Throughout the last seven days, the coin has moved down from the highs around $15.80, recording consecutive lower highs and lower lows. Unless the bulls are able to recapture the resistance zone of $14.30–$14.50, the risk of further drops is high.

A fall below $13.70 may unlock the path to $13 or less, and meaningful recovery would depend on a strong finish through the mid-Bollinger Band level to change direction.

LINK Shows Bullish Reversal Signs

Chainlink (LINK) is exhibiting the possibility of a potential bull turn on the 4-hour chart, as price action is creating the potential double bottom near the $13.70 level of support. This level was previously supported in mid-April, and the recent price action indicates buying demand.

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Although the general direction has remained bearish with lower lows and lower highs, to complete the reversal, breaking the range of $14.20–$14.30 is necessary. The price is testing the 20-period VWMA, and breaking and closing above it will further reinforce bullish action.

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Chainlink Breakout Looms: Fifth Wave Rally Could Send LINK to $45

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  • LINK holds above key support with nearly 8% weekly gains, showing strong bullish momentum.
  • Price action suggests a possible fifth wave forming, with targets at $31.85 and $45.50.
  • Increased adoption through major partnerships and SmartCon integrations drives demand.
  • Chainlink 2.0 staking could tighten supply, adding upward pressure on LINK’s price.

LINK is gaining momentum, holding above key support levels and gearing up for a major breakout. With bullish technical signals and strong fundamentals, LINK could be heading toward huge uptick in the coming weeks.

LINK is flashing bullish signals as it climbs nearly 8% in the past week, maintaining strength above crucial support levels. As market momentum builds, LINK is positioned to test a significant resistance zone, and potentially break through it to target new highs.

LINK Preparing for a Fifth Bullish Wave

According to insights from Rose Premium Signals, LINK has completed its third bullish impulse wave and is now preparing for a possible fifth wave. This next phase could see LINK break through the resistance zone and surge toward higher price levels.

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The forecast includes two major targets: a first take-profit (TP1) at $31.85, followed by a second target (TP2) at $45.50. Many traders are also holding a “moonbag” a long-term allocation of LINK, in anticipation of extended gains if the breakout materializes.

Bullish Drivers Behind Chainlink

Here are the key bullish factors driving LINK’s potential surge. Strong Fundamentals and Adoption Growth: Chainlink’s role as a leading DeFi oracle is solidified by partnerships with major institutions like Fidelity International and Sygnum, as reported by Chainlink. Its integration into DeFi and NFT projects, showcased at SmartCon, drives demand for $LINK.

Technical Strength in On-Chain Metrics: Chainlink secures 54% of total value secured (TVS) by oracles, per Coinbase Institutional. Rising TVS and network usage, driven by Decentralized Oracle Networks (DONs), increase LINK demand.

Chainlink 2.0 and Staking Potential: Chainlink 2.0’s staking roadmap, detailed in the Chainlink Blog, could reduce circulating supply by locking $LINK tokens, exerting upward price pressure.

Read More: Cardano Surges Past $0.70, Bulls Eye Breakout Toward $0.88 Target

Chainlink Price Prediction: LINK Eyes Explosive Growth to $16 with Bullish “Buy” Signal

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  • Chainlink flashes a bullish “buy” signal on the SuperTrend.
  • Inverse head and shoulders pattern hints at a major price surge.
  • M2 Money Supply growth fuels Chainlink’s potential rise to $70.

Chainlink (LINK) shows all indications for a bullish trend after its SuperTrend indicator flashed a buy signal at $14.99. LINK technical indicators now point to potential price appreciation despite its continuous downward trend after a drop from its $29 peak in February. If the current momentum holds, LINK could see further price appreciation.

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Chainlink Price Prediction: LINK Eyes Explosive Growth to $16 with Bullish "Buy" Signal 9

Chainlink Inverse Head and Shoulders pattern

The LINK price shows an inverse head and shoulders pattern on the 6-hour chart which indicates a possible bullish price action. LINK recently surpassed its neckline resistance at $14.90 and moved toward the vital resistance zone between $16 and $16.50. LINK could see further price gains if it remains above its current resistance level.

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Chainlink Price Prediction: LINK Eyes Explosive Growth to $16 with Bullish "Buy" Signal 10

Analysts predict that a decisive break above the $16.50 resistance barrier could initiate a 25% to 30% increase in price. The increased market interest in utility tokens such as Chainlink supports the positive market forecast for May. The investor sentiment predicts increased momentum if LINK maintains the current upward price trend.

Furthermore, Chainlink shows a major head and shoulders pattern on the weekly chart which indicates potential price growth. The pattern creates higher lows between $12 to $18 which indicates increased buying pressure and market compression. If LINK breaks out of the resistance zone, the cryptocurrency could see explosive growth towards $60.

ChainLink Vs Bitcoin

The crucial support on Chainlink versus Bitcoin chart further validates the bullish market outlook. Analyst Michaël van de Poppe predicts that the current retest could trigger  substantial upward price movement based on historical data. Poppe predicts a potential Chainlink’s price breakout against Bitcoin could trigger a major price growth.

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Chainlink Price Prediction: LINK Eyes Explosive Growth to $16 with Bullish "Buy" Signal 11

Technical Analysis

The macroeconomic market trends such as the increase in M2 Money Supply indicator further supports Chainlink’s bullish outlook. The correlation between LINK’s price and increased money supply demonstrates further sustained price growth. Technical indicators such as the 50-day and 200-day Exponential Moving Averages (EMAs) supports a further surge in LINK Price.

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Chainlink Price Prediction: LINK Eyes Explosive Growth to $16 with Bullish "Buy" Signal 12

The current Relative Strength Index (RSI) points to further upward price movement. These indicators forecast that LINK could rise to $70 by July 2025. Investors continue to monitor the macroeconomic and liquidity factors which could lead to continued price growth.

LINK’s recently surpassed the $15.30 resistance level which strengthens its short-term bullish outlook. This increases LINK potential to breach critical resistance level at $16 and rise to $19.50. LINK price continues to create higher support levels which solidifies its robust bullish outlook.

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

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  • LINK is maintaining positive momentum, up 2.23% over the past week and holding near a crucial resistance level.
  • If LINK stays above $13, historical trends suggest a potential move toward $25 or even $50.
  • The key resistance zone between $14.50 and $15.30 holds 153 million LINK from 37,000 investors, making it a critical breakout level.
  • Market conditions remain favorable, and if Bitcoin breaks its consolidation, LINK could see a strong upward push.

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 its crucial resistance level  and trading at 14.29 with a 24-hour trading volume of $ 435.36M, market cap of $ 9.12B. However, LINK price is slightly increased by 0.30% in the last 24 hours.

LINK 7D graph coinmarketcap
Chainlink (LINK) Targets $25? Holding Above $13 Could Spark Major Rally 16

The overall market is in positive phase with Bitcoin hovering around its crucial resistance level. If BTC breakout from this consolidation phase it could help altcoins to gains momentum and recover from recent downturn. Recently, LINK hit its recent low at $11.90 and rebound from this level now aiming for upward momentum.

Chainlink Aiming For $25 to $50 Price Range

Analyst are optimistic about LINK future price trajectory and highlighting key level to watch. Crypto analyst Ali Martinez pointed out LINK future price trajectory. According to the analyst, if Chainlink (LINK) holds above the $13 support at the lower boundary of this channel, history suggests LINK could see a rebound toward the mid or upper range, at $25 and $50, respectively.

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Chainlink (LINK) Targets $25? Holding Above $13 Could Spark Major Rally 17

Moreover, the analyst highlighted that, the most critical resistance zone for Chainlink is between $14.50 and $15.30, where 37,000 investors accumulated 153 million LINK. However, breaking above this wall could open the door for a strong move.

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Chainlink (LINK) Targets $25? Holding Above $13 Could Spark Major Rally 18

However, with the positive market phase and LINK stability it is indicated that the token could be poised for huge upward momentum. The coming days will be crucial for LINK direction and if the market continue its bullish momentum LINK is near its breakout.

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

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  • Chainlink (LINK) has seen an 8.4% decline in the last 24 hours, with its current price at $15.45 amidst broader market volatility.
  • A double bottom pattern is forming, suggesting a potential bullish reversal with a price target of $21.
  • Experts are comparing LINK’s current cycle to 2018, where it saw a 20x surge against Ethereum, raising hopes for similar future gains.

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 24-hour trading volume of $1.05 billion and a market capitalization of $9.86 billion. Over the past 24 hours, LINK has seen a significant decrease of 8.4%, reflecting the ongoing challenges faced by the cryptocurrency market.

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Chainlink (LINK) Faces Decline Amid Crypto Market Sell-Off, Eyes Bullish Reversal 22

LINK, being one of the top altcoins, has not been immune to these shifts. However, despite the short-term setbacks, some crypto experts are predicting a potential bullish reversal for LINK.

LINK Double Bottom Formation Points to Reversal

Crypto analyst Ali Martinez has pointed out an intriguing technical pattern forming within the price action of Chainlink, a double bottom pattern. This pattern is often viewed as a strong bullish signal, indicating that LINK might be poised for a significant rebound. Martinez suggests that if the pattern plays out, Chainlink could potentially soar to $21, marking a substantial gain from its current price.

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Chainlink (LINK) Faces Decline Amid Crypto Market Sell-Off, Eyes Bullish Reversal 23

The double bottom formation is a common technical chart pattern that indicates a reversal from a downtrend to an uptrend, typically signaling a buying opportunity for investors. If this pattern holds true, it could be a catalyst for Chainlink’s price recovery.

Chainlink’s Potential Bull Cycle: Historical Parallels to 2018

In addition to Martinez’s analysis, another renowned market expert, Michaël van de Poppe, has drawn parallels between Chainlink’s current market cycle and its performance in 2018. Van de Poppe suggests that, like in 2018, LINK is entering a phase of accumulation after a prolonged period of price consolidation. This pattern, he believes, could signal the start of a bullish cycle for Chainlink against Ethereum (ETH).

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Chainlink (LINK) Faces Decline Amid Crypto Market Sell-Off, Eyes Bullish Reversal 24

Van de Poppe points out that during the last similar cycle, Chainlink experienced an impressive 20x increase in value against ETH over a span of two years. With Chainlink’s current market conditions resembling those of 2018, many are hopeful that LINK could replicate this past performance and deliver substantial returns for investors.

Related Reading | Bitcoin Faces Volatility as Whale Holdings Drop to 2019 Lows, While Sharks Accumulate

Chainlink (LINK) Accumulation Surges with a 150% Rally on the Horizon

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  • LINK stabilizes after a 28% drop, showing signs of recovery.
  • Exchange supply is shrinking, hinting at a potential supply shock.
  • Whales and institutions are accumulating LINK aggressively.
  • A breakout above $47.15 could trigger a 150% rally toward $88.

Chainlink (LINK) has faced significant turbulence, dropping 28% in recent days due to the broader bearish market trend. However, despite the sharp decline, LINK is showing signs of stability and recovery, currently down just 1% and hinting at renewed upward momentum.

At the time of writing, LINK is trading at $18.62, with a 24-hour trading volume of $691.24 million and a market cap of $11.88 billion. Over the last 24 hours, the price has increased 2.23%, signaling renewed buyer interest despite overall market uncertainty.

LINK 1M graph coinmarketcap 1
Chainlink (LINK) Accumulation Surges with a 150% Rally on the Horizon 28

LINK Exchange Supply Drops, Bullish Signal Ahead

A major development in LINK’s on-chain activity suggests a potential bullish scenario. According to insights from CryptoSift, the supply of LINK on exchanges is rapidly declining. Unlike a typical bear market where whales sell off assets, this trend indicates that large investors are accumulating LINK aggressively.

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Chainlink (LINK) Accumulation Surges with a 150% Rally on the Horizon 29

This reduction in available exchange supply could set the stage for a supply shock, potentially driving prices higher in the coming weeks. Additionally, over-the-counter (OTC) transactions suggest that institutional players are quietly buying up LINK while retail investors panic sell. This strategic accumulation reinforces Chainlink’s position as one of the strongest long-term investments in this market cycle.

Chainlink Poised for Major Rally in Current Cycle, Eyes $88

Further supporting the bullish outlook, crypto expert Javon Marks maintains that LINK’s first key target remains at $47.15. If the price breaks this resistance, it could trigger an explosive 150% rally, potentially pushing LINK toward the $88 level in the current cycle. With the ongoing reduction in exchange supply and a strong accumulation trend, Chainlink appears to be setting up for a significant breakout.

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Chainlink (LINK) Accumulation Surges with a 150% Rally on the Horizon 30

Despite short-term market fluctuations, Chainlink’s on-chain metrics and investor behavior suggest that the asset is positioning itself for a major move. If accumulation continues and the broader crypto market regains momentum, LINK could be gearing up for one of its biggest rallies in this cycle. With institutional accumulation, declining exchange supply, and bullish price projections, Chainlink remains a crypto asset to watch closely in the coming months.

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Chainlink Recovery in Sight: MVRV Ratio Signals Potential Upside

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  • Chainlink experienced a sharp decline due to a market-wide sell-off triggered by Bitcoin’s drop.
  • Whales accumulated over 1.1 million LINK in the last 24 hours, indicating renewed confidence.
  • The MVRV ratio at -16.3% suggests a potential rebound, based on historical trends.
  • Key support is at $15.50, while resistance levels to watch are $19 and $23.70.

Chainlink (LINK) recently faced turbulence, experiencing a significant decline triggered by a broader market sell-off. The downturn, driven by Bitcoin’s sharp pullback, sparked fear among investors, leading to increased selling pressure across altcoins. However, the market is now showing signs of recovery as Bitcoin bounces off a crucial support level, reigniting optimism among traders.

At the time of writing, Chainlink is trading at $18.01, with a 24-hour trading volume of $843.16 million and a market cap of $11.49 billion, holding a market dominance of 0.36%. Over the last 24 hours, LINK has gained 2.10%, signaling renewed bullish sentiment.

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Chainlink Recovery in Sight: MVRV Ratio Signals Potential Upside 35

Whale Accumulation Sparks Optimism

On-chain data highlights a surge in whale activity, with large holders accumulating over 1.1 million LINK within the past 24 hours. This significant buying activity suggests that institutional investors and high-net-worth individuals see potential in Chainlink’s current price levels, expecting a strong rebound in the near term.

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Chainlink Recovery in Sight: MVRV Ratio Signals Potential Upside 36

Historically, whale accumulation has been a bullish signal, often preceding significant price movements. If this trend continues, LINK could experience increased buying pressure, further strengthening its recovery trajectory.

MVRV Ratio Indicates Potential Rebound For Chainlink

Market insights suggest that Chainlink historically rebounds when its MVRV (Market Value to Realized Value) ratio drops below -16%. Crypto analyst Ali Martinez pointed out that past instances of this indicator reaching such levels have led to significant price surges—312%, 64%, 61%, 25%, and 52%. Currently, MVRV sits at -16.3%, hinting at a potential bullish reversal.

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Chainlink Recovery in Sight: MVRV Ratio Signals Potential Upside 37

Key Levels to Watch

The most critical support level for LINK stands at $15.50, a zone that has historically acted as a strong price floor. On the upside, resistance levels to watch are $19 and $23.70. A breakout above these levels could signal the start of a stronger rally, while a failure to hold support could lead to further downside pressure.

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Chainlink Recovery in Sight: MVRV Ratio Signals Potential Upside 38

With Bitcoin stabilizing and whales accumulating, Chainlink’s outlook appears promising. If historical trends hold, LINK could be on the verge of another significant rebound.

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Chainlink (LINK) Eyes New ATH: $4.7M Investment and Cross-Chain Upgrade Propel 24% Rally

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  • Chainlink (LINK) has surged by 24% over the past week, driven by strong technical advancements and rising investor confidence.
  • Chainlink’s Cross-Chain Interoperability Protocol (CCIP) v1.5 enhances token interoperability across 20+ blockchains, benefiting DeFi.
  • Trump’s World Liberty Financial invested $4.7 million in LINK, signaling growing institutional confidence in the asset’s potential.
  • Analysts eye key resistance breaks that could propel LINK toward new all-time highs.

Chainlink (LINK) has been on a strong bullish trajectory, registering a 24% gain over the past week. This impressive rally highlights growing investor confidence in the asset, fueled by significant technical advancements and institutional interest. However, despite its upward momentum, LINK is experiencing short-term volatility due to broader market fluctuations, particularly Bitcoin’s recent retracement.

Chainlink (LINK) Market Overview

At the time of writing, LINK is trading at $24.09, with a 24-hour trading volume of $3.89 billion and a market capitalization of $15.37 billion. LINK currently holds a market dominance of 0.43%. However, despite its weekly gains, the token has witnessed an 8.21% decline in the past 24 hours, largely influenced by Bitcoin’s pullback.

LINK 1D graph coinmarketcap
Chainlink (LINK) Eyes New ATH: $4.7M Investment and Cross-Chain Upgrade Propel 24% Rally 42

While short-term corrections are common in crypto markets, LINK’s overall outlook remains highly bullish, with increasing adoption and institutional investments playing a crucial role in its long-term growth.

Key Catalysts Behind LINK’s Price Surge

A major driver behind LINK’s recent rally is the launch of Chainlink’s Cross-Chain Interoperability Protocol (CCIP) v1.5 on the mainnet. This upgrade significantly enhances token interoperability across 20+ blockchains, strengthening Chainlink’s dominance in the cross-chain ecosystem.

With this update, developers can now seamlessly create and manage cross-chain token standards, improving decentralized finance (DeFi) applications. Additionally, the upgrade enables the bridging of Circle’s USDC stablecoin, further increasing liquidity across DeFi protocols.

Institutional interest in Chainlink is on the rise, as evidenced by Trump’s World Liberty Financial’s recent purchase of $4.7 million worth of LINK. This investment underscores growing confidence in Chainlink’s technology and its pivotal role in DeFi and blockchain interoperability.

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Chainlink (LINK) Eyes New ATH: $4.7M Investment and Cross-Chain Upgrade Propel 24% Rally 43

As institutional adoption increases, LINK could see further price appreciation, potentially driving the token toward new all-time highs (ATHs) in the near future.

Chainlink Eyes New Highs

From a technical standpoint, LINK has been trading within a strong accumulation zone between $18–$20, where heavy buying activity was observed. Now trading at $24, analysts believe that a surge in trading volume could push LINK toward new highs. If the current momentum continues, LINK could soon break key resistance levels and aim for a significant price increase in the coming weeks.

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Chainlink (LINK) Eyes New ATH: $4.7M Investment and Cross-Chain Upgrade Propel 24% Rally 44

Despite short-term volatility, Chainlink (LINK) remains bullish, driven by its CCIP v1.5 upgrade, rising institutional investments, and growing adoption in DeFi. With increasing demand and expanding cross-chain capabilities, LINK is well-positioned for further gains as the crypto market recovers. Investors are closely watching its next move, anticipating a potential push toward new all-time highs.

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