Chainlink price prediction: Bear trend persists after support break? LINK falls to $10.91

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Chainlink slides 7.46% today to $10.91

Highlights

Chainlink has joined the Global Alliance for KRW Stablecoin to set KRW stablecoin standards and enhance oracle infrastructure in South Korea.
This development targets improved compliance and reliability for KRW stablecoins amid notable market activity after LINK broke below a key support zone.
Technically, LINK trades below MA-20 ($12.84), MA-50 ($12.87), and MA-200 ($17.50), with bearish momentum and a high probability of further declines to the $10.80–$11.60 range.

Stablecoin alliance partnership drives market activity after support breach

Chainlink has joined the Global Alliance for KRW Stablecoin to help set KRW stablecoin standards in South Korea, focusing on strengthening its data and oracle infrastructure for stablecoins. This move is intended to improve compliance and reliability within the ecosystem. The news comes amid notable market activity for the token following a recent break below a key support zone.

Strong sell-side dominance as momentum indicators confirm high volatility

Momentum readings are negative, with both the MACD and ADX on D1 indicating continued weakness and a lack of trend strength. Oversold signals appear in the Stochastic RSI, CCI, and Bull/Bear Power on D1, pointing to strong dominance by sellers intraday, while the RSI remains in sell territory at 38.5. The Awesome Oscillator also supports the bearish trend. The day saw a sharp drop to $10.91, down 7.46% from the previous close, with no significant opening gap and the current price near the session’s low of the $10.95 – $11.87 range, reflecting high volatility and sustained sell-side pressure through the session. There is clear alignment between intraday momentum and price action, with no bullish divergences present.

Downside risk prevails amid tight range and continued negative signals

For the next five trading days, the adjusted expected range is $10.80 – $11.60 to reflect the typical volatility band relative to current levels. There is a very high probability (more than 80%) of further price decreases, while an upside reversal is less likely based on the weekly and daily trend signals. The baseline scenario sees LINK fluctuating sideways within this corridor as sellers remain in control. A bullish scenario would require a strong close above the $12.88 resistance, while a bearish scenario would open if the price slips below $10.80, exposing the asset to further downside momentum.

Anton Kharitonov, expert at Traders Union, sees persistent bearish pressure in Chainlink with clear technical weakness across multiple timeframes. He notes that the recent alliance for KRW stablecoin does not offset the sharply negative momentum and sustained selling. The analyst is skeptical about a reversal, as the price remains capped under the $12.88 resistance and current levels show no bullish divergence. "Unless LINK reclaims $12.88 with strong conviction, any rallies look like shorting opportunities, not genuine recoveries."

Previously it was reported that Chainlink is trading below all major moving averages, with weekly technical indicators such as RSI, MACD, and the Awesome Oscillator confirming strong bearish momentum and oversold conditions. The asset is expected to remain volatile between $11.50 and $12.70, with sellers maintaining control and support near $12, while a break below $11.50 could trigger further downside.

Source of Data: LINK Price Analysis by TU

The analysis is based on a proprietary model combining technical, on-chain, and expert data. Not investment advice. See methodology

The information is based on forecasts and does not constitute investment advice or a guarantee of future results. Market conditions may change. See our Disclaimer and Editorial Integrity for details.