Chainlink price prediction: Short-term sideways range likely as LINK tumbles 7.14%

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Chainlink slides 7.14% to $9.10 today

Highlights

Chainlink secured a pivotal regulatory win as the SEC and CFTC jointly classified LINK as a digital commodity, clarifying its legal framework.
EPOCH Digital Credit, Synthesys, and Chainlink launched TreasuryPlus, a tokenized private credit fund, and Unichain integrated Chainlink data standards to boost DeFi interoperability.
LINK trades sideways between $8.94 and $9.36 in a high-volatility range, with near-term momentum signals mixed and downside risk prevailing.

Buybacks and legal clarity as Chainlink faces outsized selling pressure

EPOCH Digital Credit, in partnership with Synthesys and Chainlink, launched TreasuryPlus (TPLUS), a tokenized private credit fund using Chainlink’s data and interoperability standards. Chainlink was also integrated into Unichain, the DeFi chain powered by Uniswap, with Unichain adopting the Chainlink data standard and joining the Chainlink SCALE program to enhance data access and DeFi development. The SEC and CFTC issued joint regulatory guidance classifying LINK as a digital commodity, clarifying its legal status, and Chainlink added 99,103 LINK (worth approximately $1.1 million at the time) to reserves as part of ongoing protocol-funded buybacks, though price action has remained under broader selling pressure.

Intraday divergence intensifies as daily losses defy mixed momentum

Momentum signals are mixed on the D1 timeframe: MACD and ADX both point to modest upward momentum, while RSI (50.20) and CCI (83.39) indicate a mild recovery but are not yet overbought. Stoch RSI is neutral overall but shows oversold conditions on shorter intraday timeframes, signaling potential for a near-term bounce. BBP (value of 0.68, classified as overbought) points to buyer dominance in intraday moves, yet the daily performance is negative, with the price slipping 7.14% after a mild gap-down at the open and now sitting near the low end of today’s range ($9.11 – $9.34), amid high volatility and steady pressure following the open. The Awesome Oscillator direction supports the underlying D1 uptrend but diverging intraday indicators and the sharp daily drop highlight lingering bearish sentiment in the short run.

Low upside odds as price stabilizes between key support and resistance

For the next week, the expected trading range is $8.94 to $9.36. The probability of a price increase remains very low (less than 20%), making a decline more likely in the short term. Baseline scenario: LINK oscillates sideways between $8.94 and $9.36 as momentum attempts to stabilize. Bullish scenario: a sustained push above $9.07 could trigger further buying toward resistance near $9.36, while a failure of support at $8.94 could see sellers gain control and pressure the price lower before a potential rebound; this band reflects typical volatility relative to current levels.

Viktoras Karapetjanc, analyst at Traders Union, sees Chainlink stabilizing short term, but notes that the broader picture is still shaped by bearish sentiment and significant resistance. He believes strong fundamental developments, such as TreasuryPlus’s launch and regulatory clarity from the SEC and CFTC, have supported market confidence, even as the price action remains under pressure. The ongoing integration within DeFi and protocol buybacks highlight long-term potential, but the current range reflects ongoing volatility and cautious optimism. "A decisive move above $9.07 could trigger renewed interest, but with macro and institutional trends turning more positive, I am constructive on LINK’s medium-term outlook as fundamentals catch up to price."

Earlier, analysts noted that Chainlink was under long-term bearish pressure, with mixed short-term momentum and heightened downside volatility risk. The current outlook reinforces these concerns, as persistent selling and high volatility suggest traders should closely monitor the $8.94 support for potential breakdown risk in the coming sessions.

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.