Chainlink Price Continues Downward Trend, Approaching New Lows
- Price Decline: Chainlink (LINK) token is currently trading at $8.60, down 70% from its peak of $27.8 in 2025, and is hovering near its lowest level since August 2024, indicating a lack of market confidence.
- Collaboration Project: Despite being selected by the Bank of England for its Synchronization Lab to provide decentralization solutions, LINK has not rebounded, reflecting cautious market sentiment regarding the project's potential impact.
- Strategic Reserves Growth: The Chainlink network has accumulated 1.9 million tokens worth over $16.2 million, showcasing revenue growth from partnerships, even as the token price continues to decline.
- Deteriorating Technical Indicators: LINK has fallen below the crucial support level of $10.24, with the 50-week and 100-week exponential moving averages forming a bearish crossover, suggesting further declines ahead, with a key support level at $5.54 that could result in a 35% drop if breached.
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Technical Analysis for LINK
Technical Sentiment Analysis for Chainlink (LINK). As of , Chainlink (LINK) is exhibiting a Buy technical sentiment. Our proprietary analysis, which aggregates 4 technical signals, shows that 3 indicators are flashing buy, while 1 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for LINK stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.
Support, Resistance & Moving Averages. From a structural perspective, LINK is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Chainlink (LINK) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 6.989 | 7.779 | 8.499 | 9.289 | 10.009 | 10.799 | 11.519 |
| Fibonacci | 7.779 | 8.356 | 8.713 | 9.289 | 9.866 | 10.223 | 10.799 |
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