LINK edges higher as technical indicators highlight persistent selling momentum: weekly outlook

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Chainlink rises 1.56% this week

Highlights

Chainlink trades below major moving averages, signaling ongoing downside pressure in both medium- and long-term trends.
Momentum indicators confirm pronounced seller dominance and suggest little probability of a sustainable upward move in the near term.
Expected price range for the next week is $9.02 to $9.45, with sideways movement likely unless support at $9.02 fails.

Institutional inflows and corporate adoption drive bullish sentiment this week

Chainlink saw significant institutional adoption as Grayscale's GLNK trust and Bitwise's CLNK fund attracted a combined $88 million in investments, with the Hashdex Nasdaq Crypto Index ETF adding LINK to its holdings. The network achieved over 2,000 integrations across DeFi, insurance, and enterprise settlement sectors, powering $27 trillion in on-chain data value. Major firms such as JPMorgan and UBS initiated live settlement trials using Chainlink's Cross-Chain Interoperability Protocol, while Coinbase deployed Chainlink DataLink across more than 50 blockchains. On-chain trends also pointed to a yearly high in wallet accumulation and $18 billion in monthly protocol volume, with the ADI Foundation selecting Chainlink for a $240 billion institutional asset bridge.

Persistent selling momentum dominates weekly technicals despite partial recovery

Technical indicators on the weekly timeframe highlight persistent selling momentum for LINK, as it trades below the MA-20, MA-50, and MA-200. Support is seen near $9.02 with resistance at $9.45, while weekly volatility measures 11.88%. The MACD is a strong sell, ADX signals bearish momentum, and both RSI and CCI indicate sellers dominate, with Stochastic RSI showing a neutral stance and Bull/Bear Power reflecting oversold conditions. Oscillators are mixed as price recovers slightly, but overall, momentum remains negative.

Neutral to bearish outlook as sideways action expected in coming week

Over the next 7 days, LINK is forecast to range between $9.02 and $9.45, reflecting ongoing weak momentum on weekly technicals. There is a much higher probability of sideways or lower movement, as none of the four key indicators (RSI, ADX, MACD, CCI) support a bullish reversal. Baseline expectations suggest continued consolidation within this channel. An upside break above $9.45 could trigger more buying, while a fall below $9.02 may lead to further losses.

Earlier, analysts noted that Chainlink was experiencing short-term stabilization amid long-term bearish technical pressure and heightened volatility. The current setup reinforces this cautious view, as persistent bearish momentum and a lack of convincing bullish signals suggest traders should closely monitor the $9.02 support for potential breakdown risks in the week ahead.

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

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