LINK news live: support at $15.82 in focus — momentum mixed as sellers dominate intraday

Traders Union
All News
Crypto News
Chainlink slides 2.73% today to $17.82

Highlights

Chainlink (LINK) trades at $17.82, down 2.73% daily, below its MA-20 of $18.13 and well under the MA-50 of $20.89, signaling short-term bearishness.
$188 million in LINK was withdrawn from Binance by whales ahead of the October 29, 2025 FOMC meeting, suggesting institutional anticipation of upcoming economic decisions.
LINK is expected to consolidate within $17.90–$18.89 over the next five days, with a break below $17.90 likely retesting support near $15.80.

Whale accumulation and large Binance outflows drive institutional optimism amid volatility

Recent activity in LINK has been marked by substantial whale accumulation, as $188 million was withdrawn from Binance ahead of the Federal Open Market Committee meeting on October 29, 2025. This significant movement highlights potential optimism among institutional holders regarding upcoming economic decisions. Despite positive ecosystem developments like Chainlink's integration with Circle's Arc network, volatility remains high with the price experiencing sharp swings influenced by both whale activity and exchange reserve changes.

Mixed momentum signals as LINK tests lower range with strong selling pressure

Technically, LINK faces selling pressure, with prices hovering near the lower end of the day’s $17.76–$17.94 range. Initial support comes in at $15.82, while notable resistance stands at the MA-50 level of $20.89. Momentum signals are mixed — daily ADX remains strong and positive, but MACD is a strong sell. The RSI sits at a neutral-to-weak 45 and Stoch RSI points to overbought conditions, with CCI neutral and BBP indicating sellers dominate intraday moves. The Awesome Oscillator aligns with the short-term bearish outlook, but longer-term momentum lacks clear conviction.

Sideways consolidation expected as breakout triggers remain unconfirmed

Over the next five days, LINK is expected to consolidate sideways within a range of $17.90 to $18.89, with neither bulls nor bears holding a decisive advantage. The most likely scenario is a sideways movement between immediate support at $17.90 and resistance at $18.89. A successful breakout above $18.89 would open the way to test $20.00 and higher, while a drop below $17.90 could lead to a retest of support closer to $15.80.

Viktoras Karapetjanc, expert at Traders Union, notes that despite recent short-term selling pressure and volatile price swings, robust whale accumulation and major Binance outflows demonstrate deepening institutional interest in Chainlink (LINK) ahead of key macroeconomic events. He sees LINK consolidating in the near term as market participants await further clarity from both the Federal Open Market Committee and ongoing ecosystem developments. While the technical landscape is mixed, Karapetjanc maintains a generally optimistic view, given the strong fundamental and sentiment signals underlying the asset. "If LINK holds the $17.90 support amid this accumulation, I remain constructive and expect any positive shift in sentiment or macro signals to trigger a decisive move higher."

Previously it was noted that Chainlink faced mixed momentum signals as consolidation persisted. Our analysis highlighted that there was a low probability for an upward breakout, with price action expected to remain mostly sideways.

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.