Here’s why Chainlink is sliding

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Chainlink Slides 10.22% Today

Highlights

Chainlink partnered with Ondo Finance to supply data feeds for Ondo's tokenized stocks and ETFs, enabling greater institutional on-chain asset access.
Chainlink joined the Ondo Global Market Alliance, driving institutional adoption of tokenized financial products and expanding its industry influence.
Chainlink executed a significant token buyback while major investors shifted interest toward alternative crypto presales, signaling evolving sector investment trends.

Institutional partnerships and buybacks boost sentiment amid shifting investor focus

Chainlink has partnered with Ondo Finance to provide data feeds for Ondo's tokenized stocks and ETFs, supporting broader institutional access to on-chain assets. This collaboration also sees Chainlink joining the Ondo Global Market Alliance, promoting the adoption of tokenized financial products. Other market developments include a significant token buyback by Chainlink and shifting interest from major investors toward alternative crypto presales.

Anton Kharitonov, expert at Traders Union, notes that Chainlink’s position below key moving averages and the presence of persistent sell-side pressure point to a structurally weak technical setup. He believes negative daily MACD, high ADX, and neutral-to-bearish oscillators reinforce the view that downside momentum remains dominant, and that the ongoing price volatility — including a 10.22% single-day drop — is unlikely to attract strong buyers until deeper support at $15.82 is tested or reclaimed. While the recent partnership with Ondo Finance has potential, Kharitonov warns the market’s current sentiment is insufficient to offset technical weakness. "Unless LINK can reclaim the $18.13–$18.45 range convincingly, further downside or range-bound movement is the most probable scenario."

Viktoras Karapetjanc, expert at Traders Union, views the recent Chainlink and Ondo Finance partnership as a strong step toward cementing LINK’s relevance in institutional tokenization, fostering optimism around adoption and long-term network value. Karapetjanc highlights that despite short-term price weakness and pronounced volatility, the active involvement of key industry players and strategic buybacks point to sustained demand and positive structural changes. He argues that the current retracement offers opportunities for accumulation within the forecasted support range if institutional interest remains steady. "Chainlink’s growing integration in the tokenized asset ecosystem still supports a bullish structure over the medium term, even if short-term price action is choppy."

Bearish momentum intensifies as mixed signals highlight volatility risk

Momentum signals are mixed, with a strong negative MACD on the daily timeframe pointing to bearish momentum even as the ADX remains high, indicating the strength of the trend. Oscillators signal caution, with the RSI and CCI both in neutral to slightly bearish territory, while the Stoch RSI is in overbought conditions on the daily but oversold on shorter timeframes, highlighting a sharp divergence. BBP readings are neutral, though the Awesome Oscillator confirms a bearish tendency. LINK saw a steep single-day drop of 10.22% to $16.56, with no notable gap between sessions and the current price sitting near today’s intraday low of $16.49, reflecting high volatility and persistent sell-side pressure since the open. Intraday dynamics and momentum indicators broadly confirm the ongoing downward trend.

Previously it was noted that mixed momentum signals persisted as LINK held within a defined trading range. The last update explained the likelihood of sideways movement between immediate support and resistance levels as breakout triggers remained unconfirmed.

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.