• Chainlink is holding within a solid buy zone, reflecting growing investor confidence and hinting at an upcoming bullish reversal.
• Technical indicators show weakness, with MACD in bearish territory and RSI near 39.97.
• Analysts predict a potential rally toward the $100 mark, supported by increasing adoption and a positive long-term outlook.

Chainlink (LINK) is currently under bearish pressure with its value trending lower, though it also suggests the potential for a significant bullish reversal. Its price has decreased 3.14% over the last 24 hours and 18.33% over the last week.

At the time of writing, LINK is trading at $18.65, supported by a market capitalization of $12.64 billion. Moreover, its trading volume is stable at $1.47 billion, reflecting that traders are waiting for trend confirmation to move in either direction.

Source: CoinMarketCap

LINK Price Performance Shows ongoing Volatility

According to the data from CryptoRank, in 2023, performance was steady and reliable with only brief setbacks in the middle of the year. A strong surge in the final months, which more than compensated for earlier declines, has boosted overall confidence. Overall, it closed as a consistent, resilient, and highly positive year.

Source: CryptoRank

In 2024, results were far more volatile, with sharp drops mid-year but dramatic rebounds later that reshaped momentum. The strong finish outweighed earlier setbacks, ending the year in solid shape with renewed optimism. By contrast, 2025 has been unstable so far, with big swings and uncertainty still leaving the overall outcome unclear.

Also Read: Can Chainlink (LINK) Reverse Its 20% Drop at $19.80 Resistance?

Chainlink Buy Zone Signals Bull Run Toward $100

Moreover, a prominent crypto analyst, Ali, noted that LINK is holding firm in a strong buy zone, signaling investor confidence ahead of the next major market move. Despite broader volatility across the crypto space, LINK has shown resilience by consolidating at key support levels. Analysts suggest this setup could mirror its pre-rally phase before a breakout toward new highs.

Source: X

With the demand for Chainlink’s oracles increasing across the DeFi space, tokenized assets, and real-world applications, the network’s utility also increases. Analysts opine this fortifies the argument in favor of the rally that has the potential to propel the LINK toward the $100 region. As the bull phase builds strength, Chainlink is making it one of the coins to watch.

LINK Technical Analysis Hints at a Rebound After Sharp Dip

From the technical perspective, recent candlesticks indicate strong volatility, with the candle dropping sharply below $10 in the prior period before bouncing back swiftly. Moving averages also indicate major resistance at $20.93, $21.03, and $22.43 with major support at $17.47. The price action indicates that the LINK struggles to stay above short-term averages after the sell-off.

Source: TradingView

Momentum indicators register weakness with the MACD in bear territory with a negative crossover and a falling histogram. The RSI is at 39.97, registering bear momentum but close to the oversold territory. This is indicative of potential short-term relief, but the larger trend remains downward.

Also Read: Chainlink Price Prediction: LINK Eyes $15 Support as Whales Exit Positions