Price prediction for Chainlink — technicals suggest sideways trading despite daily uptick

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Chainlink rises 0.25% today to $17.26

Highlights

Chainlink (LINK) trades at $17.26, below MA-20 ($17.89), MA-50 ($20.50), and MA-200 ($17.89), indicating seller dominance across all timeframes.
Technical indicators such as D1 MACD, ADX, RSI, CCI, and BBP show strong bearish momentum and oversold conditions, while LINK remains near session highs within a $17.06–$17.33 range.
LINK's expected range for the coming week is $17.28–$18.28, with less than 20% probability of a price increase and a baseline scenario of sideways or downward movement.

Whale accumulation and open interest rise amid bullish protocol news

Chainlink expanded its protocol partnership with S&P Global and increased reserves, supporting project fundamentals. Whale accumulation rose 1.84% among the top 100 holders in recent sessions. Rising open interest and on-chain activity point to continued market attention.

Downside momentum building as oscillators diverge from price action

D1 MACD signals strong downside momentum, and ADX confirms a sell trend with elevated strength. RSI and CCI point toward mild bearishness but are not oversold, while Stoch RSI remains neutral overall. BBP suggests the market is oversold, indicating sellers currently dominate. LINK is trading near the upper third of today's range ($17.06 — $17.33), suggesting moderate volatility and mild strength toward session highs. Several oscillators indicate selling or oversold conditions while daily direction is up, highlighting a divergence between short-term price action and broader momentum signals.

Bearish outlook as breakout and downside risk remain elevated

For the coming week, the expected LINK price range is $17.28 — $18.28. Given weekly technicals, the probability of a price increase is very low (less than 20%), making a decline more likely. Baseline scenario sees LINK fluctuating in a sideways channel between $17.28 and $18.28. Should buyers regain control and push above $18.28, a bullish breakout is possible. Conversely, a drop below $17.28 would reinforce the bearish trend with potential for further downside.

Viktoras Karapetjanc, Traders Union expert, sees Chainlink's (LINK) underlying fundamentals bolstered by new partnerships and rising whale accumulation, suggesting durable project confidence despite current bearish momentum. He notes that technical signals remain negative and the probability of a substantial price increase is limited for now, but considers growing reserves and on-chain activity as positive long-term drivers. While the baseline scenario favors sideways price action within $17.28 — $18.28, Karapetjanc remains open to a bullish breakout if resistance at $18.28 is overcome in the coming sessions. "Continued institutional support and positive sentiment may set the stage for future gains once technical pressures subside," he concludes.

Previously it was noted that protocol upgrade prospects and institutional hopes drive speculative sentiment. Bearish momentum was evident, with the price remaining below all key moving averages.

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.