Chainlink Price Prediction: LINK Eyes $14 After Breaking Downtrend Structure

Chainlink (LINK) Price Prediction has shown renewed movement across multiple timeframes following a prolonged downtrend that dominated most of Q2. After bottoming near the $11.00 mark, LINK has posted a V-shaped recovery on intraday charts, signaling short-term bullish momentum.

Current price levels are approaching the key $13.50 resistance area, and market participants are closely watching whether the asset can extend gains toward $14.00. As indicators shift and structure breaks form, LINK’s medium-term trend is entering a pivotal phase.

Short-Term Price Behavior and Technical Patterns

The LINK/USD 1-hour chart from Open Interest reveals a dramatic shift in the short-term trend beginning June 23. After trending downward from above $13.80 to below $11.00 between June 17 and 22, the pair found strong support near the $11.00 zone.

This led to a swift recovery characterized by a bullish engulfing candle and a rally that pushed the price back to the $13.50 resistance region. The move resembled a sharp V-shaped rebound, suggesting a strong market reaction to the oversold level.

Source: Open Interest

Since reaching the $13.50 region, LINK Price Prediction has entered a consolidation phase. Price action has fluctuated between $13.00 and $13.50 without a clear breakout. This behavior reflects an ongoing struggle between buyers and sellers, with the $13.50 mark acting as the upper resistance zone.

Meanwhile, support is holding near $13.00, forming a narrow trading range. A breakout above $13.50 could potentially open the path toward the $14.00 level, whereas failure to hold $13.00 may trigger a renewed move toward lower supports.

Chainlink Price Prediction: Volume, Open Interest, and 24hrs Market Sentiment

Open interest data provides insight into how the market is responding to recent price changes. Aggregated figures have declined from over 3.25 million to around 3.22 million during the consolidation phase, suggesting that traders are reducing exposure or locking in profits.

This decline in open interest, even as prices have recovered, could indicate that the rally was primarily driven by spot market activity rather than leveraged positions. Without a rise in open interest to confirm commitment, the strength of the current trend may remain limited.

Source: Brave New Coin

On the 24-hour chart from Brave New Coin June 25 to 26, LINK recorded a moderate price drop of 2.32%, settling at $13.11. Intraday movement saw multiple pullbacks from highs near $13.40, with consistent lower highs forming in the second half of the day.

Daily trading volume stood at $373.19 million, indicating steady participation without news-driven volatility. These conditions highlight that LINK’s price movements remain sensitive to even moderate shifts in demand and liquidity.

Indicators Support Early Signs of Trend Reversal

On the daily timeframe, the broader trend remains down, with LINK Price Prediction still recovering from a high of $27.20 earlier this year. However, technical indicators point to early signals of stabilization and potential recovery.

The MACD (12, 26) has begun forming a bullish crossover, with the histogram turning slightly positive at 0.066. Both the MACD and signal lines are below zero, which shows the trend remains weak, but the narrowing gap could suggest momentum is shifting.

Source: TradingView

The Chaikin Money Flow (CMF) indicator is currently at +0.05. This reading, though mild, shows that capital inflow is returning after several weeks of net outflows. If the CMF continues to rise and crosses the +0.10 threshold, it could indicate growing accumulation pressure. Together, these indicators support a cautiously optimistic outlook. For confirmation, LINK must sustain a move above the $13.50 resistance and hold that level with increasing volume.

In conclusion, Chainlink’s short-term technicals show signs of stabilization following its recent recovery from the $11.00 range. With market indicators starting to shift and price action forming a potential breakout structure, the focus now turns to whether LINK can breach the $13.50 barrier and maintain momentum toward the $14.00 level. Traders will be watching volume and open interest closely to determine the strength and durability of any continued uptrend.