Chainlink weekly forecast: Strong ADX reading signals established trend amid more than 19% weekly gain

Traders Union
All News
Crypto
Chainlink surges 19.43% this week

Highlights

Chainlink gained 19.43% over the past week, closing at $14.1 near the top of its recent trading range.
Chainlink remains above key moving averages, indicating a strong longer-term trend with bullish technical signals.
Price is expected to consolidate or advance within the $13.23 to $14.96 range, with a high probability of further gains if $14.96 is broken.

Institutional integration fuels sentiment but decouples from direct token demand

Infosys, an IT services giant managing over 1.7 billion banking accounts, entered a strategic partnership with LINK to standardize six key Chainlink products across its financial systems, according to news.bitcoin.com, coinpedia.org, and coingabbar.com. This move signals institutional recognition for Chainlink’s technology potential, though specific banks, timelines, and commercial terms remained undisclosed, as reported by U.Today and finance.biggo.com. FXStreet noted continued capital inflows to US-listed spot Chainlink ETFs, but these were not directly linked to the Infosys partnership. Analysts point out that the deal is focused on infrastructure integration rather than directly impacting token demand.

Upside momentum persists over the week as ADX confirms trend strength

On the daily chart, Chainlink is showing a sustained move higher with a firm trend, as reflected by the trending setup and a volatility reading of 13.7%. The ADX is strong at 43.09, supporting the presence of an established and ongoing trend, while Stochastic RSI is in the overbought zone at 87.19, suggesting momentum may be stretched in the short term. Immediate support sits at $13.53 with additional technical backing from the Ichimoku Kijun at $12.15, while there is no clear resistance overhead in this setup, leaving upside objectives open if momentum persists.

Further weekly gains likely if support holds above $13.53

In the week ahead, the expected range is $13.23 to $14.96. There is a very high probability (more than 80%) of further gains and a very low probability (less than 20%) of a reversal. The base case is for price to continue consolidating or advancing within this band, anchored above $13.53 support. Should price break above $14.96, a bullish extension would be confirmed. Any clear drop below $13.53 would open room for corrective action toward lower daily supports.

Anton Kharitonov, expert at Traders Union, sees Chainlink maintaining its robust uptrend after a 20% surge last week, but warns that technical momentum is looking stretched. He believes renewed institutional recognition, as shown by the partnership with Infosys to integrate Chainlink technology across banking infrastructure, is a constructive long-term signal, though direct token demand effects remain unclear. On the technical side, price is holding above immediate support at $13.53, with the ADX at 43.09 confirming a strong upward trend, yet the overbought Stochastic RSI at 87.19 raises short-term caution. With volatility at 13.7% and no prominent overhead resistance, further moves higher are possible if momentum persists. However, the risk of a pullback rises should price slip below $13.53, which would shift the outlook to corrective consolidation. "Institutional news supports the broader narrative, but until we see sustainable price action above $14.96, I remain cautious in the week ahead."

Previously it was reported that Chainlink’s expanding institutional partnerships and technical progress were reinforcing a broadly bullish outlook for the asset. The latest analysis confirms this trajectory, with a strongly trending setup and volatility underscoring the need to watch for a decisive move above $14.96 as a clear signal for bullish extension.

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.