• LINK gains 2.36% in 24 hours despite a weekly decline.
• Monthly charts show stability in 2023 but increased volatility in 2024–2025.
• The $14 level is identified as a key buy zone, supporting a potential bull rally.
• RSI and MACD hint at early bullish momentum recovery.

Chainlink (LINK) continues to show positive momentum, extending its gradual recovery phase. Over the last 24 hours, LINK has climbed by nearly 2.36%, signaling renewed buying interest after recent corrections. However, the weekly chart reflects a 6.06% decline, indicating that the asset is still consolidating after earlier losses.

At the time of writing, LINK is trading at $16.91 with a 24-hour trading volume of $784.61 million, marking a sharp 42.67% decline. The reduced volume highlights the cautious participation among traders following recent price swings. The current market capitalization stands at $11.46 billion, down by 2.36%, as the broader crypto market shows mixed sentiment.

Also Read: S&P Global Joins Chainlink to Publish $300 Billion Stablecoin Ratings On-Chain

Chainlink’s Historical Monthly Performance Overview

A closer look at LINK’s monthly trends across 2023, 2024, and 2025 shows how market behavior has shifted. The year 2023 was largely stable, with steady growth and only brief dips. Most months recorded gains, especially during the latter half, indicating investor confidence and strong market participation.

In contrast, 2024 presented high volatility, alternating between sharp rallies and steep corrections. Despite this turbulence, the year closed with a net positive performance. Moving into 2025, LINK began the year with strong momentum but soon entered a phase of volatile movement.

Some months showed mild recoveries, while others reflected recorded heavy losses. Compared with 2023’s stability, 2025 remains uncertain, characterized by inconsistent momentum and market indecision.

Technical Outlook and Buy Zone Setup

According to crypto analyst Ali, Chainlink continues to trade within a long-term ascending channel, maintaining its bullish market structure. The recent rejection from the $20 level triggered a short-term correction but remains part of a healthy consolidation phase. This pullback allows LINK to rebuild momentum while staying aligned with its established trendlines and broader market structure.

The $14 support zone plays a vital role in defining LINK’s next major move. It aligns with the 0.618 Fibonacci retracement level from the previous rally, forming a strong technical confluence. If LINK dips toward this level, buyers are expected to re-enter, potentially triggering a bullish reversal with renewed upward momentum.

Maintaining support above $14 could drive LINK toward resistance between $22 and $25, with higher potential targets at $28–$32 and $44–$50. A penetration through these intervals would consolidate bullish strength and affirm the resumption of the long-term trend to the upside, but the decline to the $13.50 support level may unleash further downside pressure.

RSI and MACD Indicate Momentum Recovery

The RSI is now around 40.37, rebounding from oversold positions. This is an indication that the sellers are losing strength and the buyers are about to take advantage. Breaking through the bull-neutral line of 50 could confirm the bullish trend.

MACD reveals a bullish crossover and an initially positive histogram signaling the beginning of a reversal. Though the lines continue to stay beneath zero, further increased motion would reinforce the strength of the trend. Overall, the indicators indicate that Chainlink could be gearing up to stage an all-new rally, provided it holds support and the volume picks up.

Also Read: Chainlink Bulls Regain Control, Major Rally Building Toward $30 Zone