LINK edges lower amid MACD strong sell signal on the chart: weekly forecast

Traders Union
All News
Crypto News
Chainlink slips 0.97% this week

Highlights

Chainlink remains under sustained bearish pressure, trading below key moving averages and with sellers in clear control.
Momentum indicators collectively flag a strong sell bias, with both price and oscillators entrenched in oversold territory and little near-term buyer interest.
LINK is projected to trade sideways between $8.30 and $10.10 over the next week, with elevated risk of further downside if $8.30 support fails.

Ecosystem expansion accelerates as new partnerships spur onchain adoption

Chainlink's ecosystem continued to expand, as SIX Group partnered with the project to bring Swiss and Spanish equities data onchain, covering over €2 trillion in market value and integrating with thousands of applications across 75 blockchains. The partnership with OpenAssets established new infrastructure for tokenization of real-world assets. Chainlink's Cross-Chain Interoperability Protocol (CCIP) also saw significant growth, processing $18 billion in volume during the first quarter of 2026 and operating securely despite major web infrastructure outages.

Bearish signals strengthen as technical momentum declines further this week

Technical momentum remains negative on the weekly chart, with LINK trading well below the MA-20, MA-50, and MA-200, making the MA-20 at $10.26 the main resistance level. The MACD gives a Strong Sell signal while ADX at 27.57 further confirms the bearish trend. Weekly oscillators remain weak, with both RSI and Stochastic RSI in oversold and Sell territory, CCI neutral, and Bull/Bear Power pointing clearly to seller dominance. Key weekly support is found at $8.30, with strong resistance near $10.10.

Range-bound outlook persists as downside risk outweighs recovery next week

Over the next seven days, LINK is likely to trade sideways to lower within a narrow $8.30 to $10.10 range, based on persistent bearish indicators and elevated weekly volatility of 9.67%. With no key indicator showing a Buy or Strong Buy signal and less than a 20% probability of an immediate rebound, further downside or at best stagnation is expected. A decisive move below $8.30 could trigger additional selling, while a break above $10.10 would be needed to signal short-term recovery.

Earlier, analysts noted that Chainlink was exhibiting persistent bearish momentum amid ongoing ecosystem developments. The latest technical setup and fresh onchain partnership news reinforce this cautious outlook, making a sustained move above $10.10 the key signal to watch for any reversal in LINK’s trend.

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

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.