LINK price news: trades below key moving averages — downside risk remains elevated

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Chainlink rises 1.10% to $17.45 today

Highlights

Chainlink (LINK) trades at $17.45, remaining below its MA-20 ($17.79), MA-50 ($20.34), and MA-200 ($17.91), signaling persistent downside pressure across all trends.
Momentum indicators—including MACD, ADX, RSI, and CCI—confirm dominant selling pressure, with only minor intraday buying attempts not sustained by higher-timeframe signals.
LINK is expected to consolidate between $17.43 and $18.41 this week, with less than 20% probability of a price increase and downside risk below $15.82.

Bearish momentum entrenched despite intraday buying attempts

Short-term momentum remains bearish, with MACD on daily showing strong selling pressure and ADX indicating a well-established downtrend. RSI and CCI both signal room for further downside, staying in the lower half of their ranges, while Stoch RSI is neutral, and BBP highlights oversold conditions with sellers dominating intraday moves. There was only a minor gap at today’s open, and the current price is near the middle of today’s range, reflecting moderate volatility and a mild bounce intraday, though overall tone still tilts weak. Divergence is present, as some intraday oscillators (Awesome Oscillator and lower-timeframe indicators) suggest short-term buying attempts, yet daily momentum indicators are not confirming sustained strength.

Consolidation favored as breakout barriers limit bullish potential

For the coming week, the expected LINK price range is $17.43 to $18.41. The probability of a price increase is very low (less than 20%), making a further decrease in price more likely. The most probable scenario is price consolidating between support and resistance with low momentum. A bullish outcome would require a clear break above the $20.34 resistance area, potentially triggering more upside. Conversely, a bearish scenario unfolds if price falls below $15.82, opening the way for deeper losses.

Anton Kharitonov, expert at Traders Union, believes that Chainlink (LINK) continues to face bearish technical conditions, as the price remains below all key moving averages and daily momentum indicators point to persistent downside pressure. He sees little in the way of positive catalysts, with a low probability for a significant rebound given that both support and resistance levels remain firmly in play and intraday buying attempts lack confirmation on higher timeframes. The analyst emphasizes a cautious, defensive approach as sellers dominate and oscillators suggest further weakness is possible. "As long as LINK remains below $20.34, I am not considering any bullish setups — further consolidation or downside remains the base case here."

Previously it was noted that bearish momentum was evident, with the price remaining below all key moving averages. Institutional sentiment and protocol upgrade prospects were reported as main drivers of recent speculative activity.

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.