Strong support levels? Why Chainlink price prediction sees further gains

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Chainlink Gains 3.3% Today to $24.76

Highlights

Chainlink (LINK) trades at $24.76, above MA-20, MA-50, and MA-200, confirming short- and medium-term bullish technical momentum with dynamic support at $24.25.
Institutional inflows surged with Caliber acquiring $6.5 million in LINK, Chainlink Reserve conducting $8 million in buybacks, and exchange token reserves hitting multi-year lows.
LINK's five-day expected range is $25.92–$26.90 with over 80% probability of upside, but mixed momentum signals suggest potential for near-term sideways or corrective action.

Institutional purchases and supply lows drive positive sentiment

Chainlink recently saw major institutional adoption, with Caliber, a Nasdaq-listed real estate and digital asset management company, purchasing $6.5 million in LINK tokens as part of its new digital asset treasury strategy. The Chainlink Reserve also added nearly $8 million in LINK through protocol revenue buybacks, and overall token reserves on exchanges have dropped to multi-year lows. Notable partnerships include Saudi Awwal Bank’s integration of Chainlink services for blockchain financial applications, and Kaia’s adoption of Chainlink CCIP as its cross-chain infrastructure. Additionally, the U.S. SEC’s approval of generic standards for commodity-based ETPs accelerates ETF access for LINK and other major tokens.

Mixed momentum as oscillators diverge from strong price action

Momentum signals are mixed on the daily chart. MACD shows strong selling pressure and ADX reads neutral, while oscillators (RSI at 69.62, Stoch RSI at 53.75, CCI overbought) indicate bullish momentum but also the possibility of being overextended. BBP remains neutral, suggesting no dominant intraday power between buyers and sellers. The Awesome Oscillator supports the recent price gains. LINK has climbed 3.30% today, rising $0.79 with no gap at the open. The current price sits near the session high of $24.87, reflecting moderate volatility and strength toward the upper end of today’s range. There is clear divergence between oscillators and momentum, so while intraday price action is strong, this may not fully confirm broader momentum.

High upside probability as price nears resistance but support holds

For the next five trading days, the expected price range is $25.92–$26.90. The probability of a price increase is very high (more than 80%), making downside moves less likely. The baseline scenario sees LINK oscillating sideways between immediate support at $24.25 and resistance near $25.00. A bullish scenario could unfold if price decisively moves above $25.00, targeting the weekly highs — however, a bearish turn is possible if $24.25 support is broken, which could prompt a correction down toward the mid-$23 area.

Anton Kharitonov, expert at Traders Union, notes that while Chainlink’s technical setup remains bullish above major moving averages, momentum signals are mixed and fundamentals are not fully aligned with intraday price strength. He believes recent institutional buying and reduced exchange reserves offer moderate support, but the divergence between oscillators and momentum raises caution. Fundamentally, new partnerships and regulatory developments bolster sentiment, yet the risk of a pullback remains should $24.25 fail to hold. "Base case remains sideways — if $24.25 breaks, I expect deeper correction before new highs can be considered."

Previously it was noted that institutional activity increased for LINK following ETF filings by major firms, strengthening confidence and market legitimacy. Strategic partnerships, such as with Saudi Awwal Bank to implement blockchain solutions via Chainlink’s cross-chain protocols, were regarded as supportive of the asset’s credibility in the financial sector.

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.