Chainlink price prediction: Bearish trend to continue as LINK trades near support

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Chainlink slides 7.82% to $9.20 today

Highlights

Chainlink is seeing increased institutional adoption, with the U.S. Department of Commerce using Chainlink Data Feeds to publish macroeconomic data on-chain.
UBS completed the first live tokenized fund workflow using Chainlink’s Digital Transfer Agent standard, advancing traditional financial integration and asset management capabilities.
Chainlink (LINK) trades at $9.20, decisively below all key moving averages, with strong negative momentum, oversold technicals, and near-term support at $9.02 amid prevailing bearish pressure.

Institutional adoption accelerates amid high-profile partnerships

Chainlink continues to see significant institutional adoption, with the U.S. Department of Commerce leveraging Chainlink Data Feeds to publish macroeconomic data on-chain. UBS has successfully completed the first live, end-to-end tokenized fund workflow utilizing Chainlink’s Digital Transfer Agent standard, strengthening its credentials for institutional-grade asset management and integration into traditional financial infrastructure. Other developments include Chainlink’s partnerships with Mastercard, integration with the Canton Network, and involvement in setting technical standards for stablecoins through the Global Alliance for Korean Won Stablecoin.

Oversold momentum intensifies as sellers test near-term support

The nearest dynamic resistance is indicated by the Ichimoku Kijun at $11.69, while short-term support is found at today’s low near $9.02; there is no golden or death cross present. Momentum remains firmly negative as both the MACD and ADX signal a strong sell bias, with the MACD showing clear downward momentum and the ADX confirming trend strength. Oversold conditions are prominent according to the RSI (21.61), Stochastic RSI (0.00), and CCI (–191.88), with the Bull/Bear Power indicator at –1.29 suggesting dominant seller control during the session. The Awesome Oscillator also aligns with the bearish trend, supporting continued downside.

Further downside likely as breakout prospects remain weak

For the next five trading days, LINK is expected to trade within a typical volatility band between $9.00 and $10.20, based on current conditions. The probability of a price increase is very low (less than 20%), making further downside more likely. The baseline scenario anticipates price action consolidating sideways around current levels. A sustained move above dynamic resistance at $11.69 would be required for a bullish reversal but appears unlikely, while continued selling pressure could see LINK drop below $9.00 in the short term.

Anton Kharitonov, analyst at Traders Union, believes Chainlink shows strong bearish momentum on all timeframes. He notes that institutional partnerships and integration into traditional finance have not countered the heavy technical sell signals. Short-term price action is likely to stay pressured, with risk of further declines if $9.00 breaks. "As long as LINK remains below its key resistance at $11.69, my outlook stays defensive and I see little reason to expect a sustainable reversal here."

Last time, analysts noted that Chainlink continues to trade well below key moving averages, with persistent bearish momentum confirmed by deeply oversold RSI and negative MACD signals. Support is seen around $9.60, resistance near $11.74, and the asset is expected to remain rangebound amid prevailing seller dominance.

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.