Chainlink price prediction: Bearish signals dominate as LINK loses 8.25%

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Chainlink slides 8.25% today to $8.42

Highlights

Chainlink's reserve added 129,095.37 LINK (worth approximately $1.19 million), raising total holdings to 2.3 million LINK amid broader selling pressure.
Chainlink's Data Streams and Proof of Reserve services are now fully operational on the Canton blockchain, serving institutional finance and supporting 2,000+ price feeds across 70+ blockchains.
LINK trades at $8.42, below major moving averages; technicals remain bearish, with likely range $7.60–$9.20 and upside probability under 20%.

Institutional adoption expands amid ongoing reserve accumulation and selling

Chainlink’s reserve accumulated an additional 129,095.37 LINK tokens valued at approximately $1.19 million, raising the total to about 2.3 million LINK. Chainlink's full suite of services, including Data Streams and Proof of Reserve, became operational on Canton, a blockchain tailored for institutional finance. The protocol was reported to support over 2,000 price feeds across more than 70 blockchains and had facilitated over $28 trillion in cumulative transaction value, with these recent advancements accompanied by broader selling pressure.

Bearish momentum dominates as oscillators reinforce persistent downside

Momentum signals for LINK remain negative, as both MACD and ADX point to sell conditions and confirm persistent downward momentum. RSI is at 43.47 and Stochastic RSI indicates the asset is not yet oversold, while CCI is neutral and Bull/Bear Power suggests a mild buyer presence on the daily chart. The intraday move is sharply negative, with the current price near today's low and no gap at the open, underlining heightened volatility and sustained selling since the start of the session. Despite a mild divergence from Bull/Bear Power, the overall signal from oscillators and trend momentum remains firmly bearish.

Sideways trading anticipated as rebound prospects remain limited

Over the next week, LINK is expected to trade within a volatility band of $7.60 – $9.20, centered near current levels. The likelihood of a price rebound remains low, with an estimated probability below 20%, making further downside the more probable scenario. The baseline expectation is for sideways movement within the $7.60 – $9.20 range. A breakout above $8.60 would open a bullish path, while a drop below $7.60 would trigger additional downside.

Anton Kharitonov, expert at Traders Union, sees Chainlink staying under acute bearish pressure despite recent fundamental developments. He notes that both price action and momentum indicators remain negative, with no clear signal for a rebound as sellers dominate the trend. The analyst highlights that even technology rollouts and on-chain activity have not reversed sentiment so far. "As long as LINK trades below $8.60 with weak momentum, any upside is suspect and caution is warranted."

Last time, analysts noted that Chainlink exhibited short-term bullish momentum above its 20-day moving average, though it remained constrained by medium- and long-term resistance from the 50- and 200-day averages. Despite intraday buyer strength and neutral-to-bullish RSI readings, mixed MACD signals and overbought oscillators signaled caution as the asset traded near session highs with immediate support at $9.00 and key resistance near $9.80.

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.